Doug Ulman - 09 Mar 2026 Form 4 Insider Report for Root, Inc. (ROOT)

Role
Director
Signature
/s/ Jodi Baker, Attorney-in-fact
Issuer symbol
ROOT
Transactions as of
09 Mar 2026
Net transactions value
-$593,300
Form type
4
Filing time
11 Mar 2026, 16:22:18 UTC
Previous filing
02 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Ulman Doug Director C/O ROOT, INC., 80 E RICH STREET, SUITE 500, COLUMBUS /s/ Jodi Baker, Attorney-in-fact 11 Mar 2026 0001827699

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROOT Class A Common Stock Conversion of derivative security +33,352 +456% 40,672 09 Mar 2026 Direct F1, F2
transaction ROOT Class A Common Stock Tax liability -473 -1.2% $45.77* 40,199 09 Mar 2026 Direct F3
transaction ROOT Class A Common Stock Sale $593,300 -13,152 -33% $45.11 27,047 09 Mar 2026 Direct F4
holding ROOT Class A Common Stock 9,606 09 Mar 2026 See Footnote F5
holding ROOT Class A Common Stock 7,896 09 Mar 2026 See Footnote F6

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 Stock Option (Right to Buy) Options Exercise -33,352 -100% $0.000000* 0 09 Mar 2026 Class B Common Stock 33,352 $0.6480 Direct F2, F7
transaction ROOT Class B Common Stock Options Exercise +33,352 $0.6480* 33,352 09 Mar 2026 Class A Common Stock 33,352 Direct F1, F2
transaction ROOT Class B Common Stock Conversion of derivative security -33,352 -100% $0.000000* 0 09 Mar 2026 Class A Common Stock 33,352 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F2 On March 9, 2026, the Reporting Person exercised stock options regarding 33,352 shares of Class B Common Stock (the "Exercise"). Under the terms of the Exercise, the Reporting received 33,352 shares of Class A Common Stock rather than Class B Common Stock. This report reflects the Exercise as the exempt disposition of the stock options, a deemed exempt acquisition of the underlying Class B Common Stock, and a deemed exempt conversion of such Class B Common Stock into Class A Common Stock.
F3 Represents shares withheld by the Issuer to satisfy the exercise price related obligations in connection with the exercise of the options reported herein.
F4 The shares were sold at prices ranging from $45.01 to $45.56. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price.
F5 Shares held by the Douglas E Ulman 2016 Irrevocable Trust, for which the reporting person's spouse is the trustee.
F6 Shares held by the Douglas E. Ulman Revocable Trust dated March 17, 2016.
F7 The shares subject to the option are immediately exercisable. One-fourth of the shares subject to the option award vested on October 29, 2017, and thereafter one-forty-eighth of the shares subject to the option award vested monthly.