Alexander E. Timm - Apr 1, 2024 Form 4 Insider Report for Root, Inc. (ROOT)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Jodi Baker, Attorney-in-fact
Stock symbol: ROOT
Transactions as of: Apr 1, 2024
Transactions value $: -$815,532
Form type: 4
Date filed: 4/3/2024, 05:09 PM
Previous filing: Feb 5, 2024
Next filing: May 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ROOT	Class A Common Stock	Tax liability	-$215K	-3.55K	-2.29%	$60.52	151K	Apr 1, 2024	Direct	F1
transaction	ROOT	Class A Common Stock	Award	$0	+15.3K	+10.14%	$0.00	167K	Apr 1, 2024	Direct
transaction	ROOT	Class A Common Stock	Options Exercise	$0	+21K	+12.59%	$0.00	188K	Apr 2, 2024	Direct
transaction	ROOT	Class A Common Stock	Tax liability	-$601K	-9.68K	-5.16%	$62.08	178K	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	-21K	-10%	$0.00	189K	Apr 2, 2024	Class A Common Stock	21K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 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 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.

Content

These shares of common stock were withheld by the Issuer to satisfy tax withholding obligations associated with the vesting of restricted stock units.

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 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.