Jonathan Allison - Apr 1, 2024 Form 4 Insider Report for Root, Inc. (ROOT)

Role
Chief Administrative Officer
Signature
/s/ Jodi Baker, Attorney-in-fact
Stock symbol
ROOT
Transactions as of
Apr 1, 2024
Transactions value $
-$401,738
Form type
4
Date filed
4/3/2024, 05:06 PM
Previous filing
Mar 20, 2024
Next filing
Apr 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction ROOT Class A Common Stock Tax liability -$64.5 K -1.07 K -1.41% $60.52 74.6 K Apr 1, 2024 Direct F1
transaction ROOT Class A Common Stock Tax liability -$277 K -4.57 K -6.13% $60.52 70 K Apr 1, 2024 Direct F1
transaction ROOT Class A Common Stock Options Exercise $0 +2.15 K +3.07% $0.00 72.1 K Apr 2, 2024 Direct
transaction ROOT Class A Common Stock Tax liability -$60.5 K -974 -1.35% $62.08 71.2 K Apr 2, 2024 Direct F1

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 -2.15 K -10% $0.00 19.3 K Apr 2, 2024 Class A Common Stock 2.15 K Direct F2

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 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 2,147 on April 1, 2024; 4,295 on April 1, 2025; 6,442 on April 1, 2026; and 8,589 on April 1, 2027 and upon ROOT Class A common stock achieving a specified price per share over 45 consecutive trading days on or after such date. Per share price achievement levels for the four tranches are: $16.76; $25.14; $33.52; and $41.90.