Alexander E. Timm - 01 Apr 2025 Form 4 Insider Report for Root, Inc. (ROOT)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Jodi Baker, Attorney-in-fact
Issuer symbol
ROOT
Transactions as of
01 Apr 2025
Net transactions value
-$5,137,790
Form type
4
Filing time
03 Apr 2025, 18:07:09 UTC
Previous filing
05 Feb 2025
Next filing
04 Jun 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROOT Class A Common Stock Tax liability $1,123,450 -8,736 -5% $128.60 166,306 01 Apr 2025 Direct F1
transaction ROOT Class A Common Stock Tax liability $454,858 -3,537 -2.1% $128.60 162,769 01 Apr 2025 Direct F1
transaction ROOT Class A Common Stock Sale $153,307 -1,144 -0.7% $134.01 161,625 01 Apr 2025 Direct F2
transaction ROOT Class A Common Stock Options Exercise $0 +41,979 +26% $0.000000 203,604 01 Apr 2025 Direct
transaction ROOT Class A Common Stock Tax liability $2,488,667 -19,352 -9.5% $128.60 184,252 01 Apr 2025 Direct F1
transaction ROOT Class A Common Stock Sale $917,507 -7,353 -4% $124.78 176,899 02 Apr 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ROOT Performance-Based Restricted Stock Units Options Exercise $0 -41,979 -22% $0.000000 146,927 01 Apr 2025 Class A Common Stock 41,979 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These shares of common stock were withheld by the Issuer to satisfy tax withholding obligations associated with the vesting of restricted stock units.
F2 The shares were sold pursuant to a 10b5-1 trading plan.
F3 Each Performance-Based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of ROOT Class A common stock. The PSUs vest in tranches of 20,990 on April 1, 2024; 41,979 on April 1, 2025; 62,969 on April 1, 2026; and 83,958 on April 1, 2027 and upon ROOT Class A common stock achieving a specified average closing price per share over 45 consecutive trading days on or after such dates. Per share price achievement levels for the four tranches are: $16.76; $25.14; $33.52; and $41.90.