Root, Inc. — Director's Dealing 2020

Nov 4, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Root, Inc. (ROOT)
CIK: 0001788882
Period of Report: 2020-10-30

Reporting Person: Rosenthal Daniel H (Director, Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-30	Common Stock	J	273797	—	Disposed	0	Direct
2020-10-30	Common Stock	J	340247	—	Disposed	0	Indirect
2020-10-30	Common Stock	J	340247	—	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-30	Class B Common Stock	$	J	273797	Acquired		Class A Common Stock (273797)	Direct
2020-10-30	Class B Common Stock	$	J	340247	Acquired		Class A Common Stock (340247)	Indirect
2020-10-30	Class B Common Stock	$	J	340247	Acquired		Class A Common Stock (340247)	Indirect
2020-10-30	Stock Option (Right to Buy)	$2.40	J	504056	Disposed	2029-07-17	Common Stock (504056)	Direct
2020-10-30	Stock Option (Right to Buy)	$2.40	J	504056	Acquired	2029-07-17	Class B Common Stock (504056)	Direct
2020-10-30	Stock Option (Right to Buy)	$2.40	J	1009908	Disposed	2029-07-17	Common Stock (1009908)	Direct
2020-10-30	Stock Option (Right to Buy)	$2.40	J	1009908	Acquired	2029-07-17	Class B Common Stock (1009908)	Direct

Footnotes

F1: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.

F2: The shares are held by the 2020 Daniel H. Rosenthal Family Trust for which the Reporting Person's spouse is the trustee.

F3: 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.

F4: The shares subject to the option are immediately exercisable. One-fourth of the shares subject to the option award vested on July 17, 2020, and thereafter one-forty-eighth of the shares subject to the option award vest monthly, subject to the Reporting Person's continuous service through each such vesting date.

F5: The shares subject to the option are immediately exercisable. One-fourth of the shares subject to the option award shall vest on the date of the achievement of each of the four performance targets, subject to the Reporting Person's continuous service through each vesting date.