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Root, Inc. Director's Dealing 2024

Nov 5, 2024

31970_dirs_2024-11-05_cd2a5999-a530-49e4-a8fa-c8148ee85828.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Root, Inc. (ROOT)
CIK: 0001788882
Period of Report: 2024-11-01

Reporting Person: Bonakdarpour Mahtiyar (President and CTO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2024-11-01 Class A Common Stock F 67 $71.01 Disposed 287509 Direct
2024-11-01 Class A Common Stock F 245 $71.01 Disposed 287264 Direct
2024-11-01 Class A Common Stock F 83 $71.01 Disposed 287181 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common Stock 168444 Indirect

Footnotes

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: These shares are held by Drive Capital Overdrive Fund I, L.P. ("DCOF I") (112,469), Drive Capital Overdrive Fund I (TE), L.P. ("DCOF I TE") (54,382), and Drive Capital Overdrive Ignition Fund I, L.P. ("DCOIF I") (1,593). Drive Capital Overdrive Fund I (GP), LLC ("DCOIF I GP"), the general partner of each of DCOF I, DCOF I TE and DEOIF I, may be deemed to have sole power to vote these shares. The Reporting Person's spouse does not have voting or investment control over these shares but may be deemed to have an indirect pecuniary interest in such shares through her carried interest in DCOIF I GP. The Reporting Person's exact pecuniary interest is not readily determinable because it is subject to several variables. The Reporting Person disclaims beneficial ownership of any of these shares except to the extent of his spouse's pecuniary interest therein.