CARVANA GROUP, LLC - 31 Aug 2026 Form 4 Insider Report for Root, Inc. (ROOT)

Reporting relationship: 10%+ Owner
Issuer ticker: ROOT
Reported as of: 31 Aug 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 02 Sep 2026, 16:51:04 UTC
Source filing: View source filing
Reporting owner signature: Carvana Co., By: /s/ Paul Breaux, Vice President, General Counsel and Secretary

Key filing fact

CARVANA GROUP, LLC filed Form 4 for Root, Inc. (ROOT) on 02 Sep 2026.

Key facts

This page summarizes CARVANA GROUP, LLC's Form 4 filing for Root, Inc. (ROOT).
6 reported transactions and 7 derivative rows are listed below.
Accepted by SEC: 02 Sep 2026, 16:51.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001737364 Primary reporting owner

CARVANA GROUP, LLC

Relationship: 10%+ Owner
Address: 300 E. RIO SALADO PARKWAY, TEMPE
Signature: Carvana Co., By: /s/ Paul Breaux, Vice President, General Counsel and Secretary
Signature date: 02 Sep 2026

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ROOT transaction Derivative

Warrant (Right to Buy)

Other

Transaction value
Shares: -1,435,820
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 31 Aug 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,435,820
Exercise price: $180.00
Footnotes: F1, F2

ROOT transaction Derivative

Warrant (Right to Buy)

Other

Transaction value
Shares: -1,491,907
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 31 Aug 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,491,907
Exercise price: $225.00
Footnotes: F1, F2

ROOT transaction Derivative

Warrant (Right to Buy)

Other

Transaction value
Shares: -1,503,428
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 31 Aug 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,503,428
Exercise price: $270.00
Footnotes: F1, F2

ROOT transaction Derivative

Warrant (Right to Buy)

Other

Transaction value
Shares: -1,452,587
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 31 Aug 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,452,587
Exercise price: $405.00
Footnotes: F1, F2

ROOT transaction Derivative

Warrant (Right to Buy)

Other

Transaction value
Shares: -1,287,916
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 31 Aug 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,287,916
Exercise price: $540.00
Footnotes: F1, F2

ROOT transaction Derivative

Warrant (Right to Buy)

Other

Transaction value
Shares: +305,112
Change %
Price: $0.000000^*
Shares after: 305,112
Date: 31 Aug 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 305,112
Exercise price: $72.44
Footnotes: F1, F2

ROOT holding Derivative

Series A Convertible Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 14,053,096
Date: 31 Aug 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 780,727
Exercise price
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On August 31, 2026, Carvana Group, LLC and Root, Inc. entered into a Warrant Cancellation and Exchange Agreement (the "Warrant Cancellation Agreement"), pursuant to which the five Long-Term Warrants previously issued to Carvana Group (the "Cancelled Warrants") were cancelled and exchanged for a new Common Stock Purchase Warrant (the "New Warrant"). The tranches of the New Warrant are subject to certain conditions to exercise, including conditions relating to the achievement of defined insurance sale milestones.

Footnote F2

The Warrants and Series A Convertible Preferred Stock are held directly by Carvana Group, LLC. Carvana Co. exercises voting and dispositive power over the Warrants.

Footnote F3

14,053,096 shares of Series A Convertible Preferred Stock (the "Preferred Stock") is convertible into 780,727 shares of Class A Common Stock. The Preferred Stock has no expiration date.