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Root, Inc. — Director's Dealing 2024
Apr 3, 2024
31970_dirs_2024-04-03_2f753059-dac4-437a-b8ed-d53584764530.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: 2024-04-01
Reporting Person: Allison Jonathan (Chief Administrative Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-04-01 | Class A Common Stock | F | 1066 | $60.52 | Disposed | 74557 | Direct |
| 2024-04-01 | Class A Common Stock | F | 4573 | $60.52 | Disposed | 69984 | Direct |
| 2024-04-02 | Class A Common Stock | M | 2147 | — | Acquired | 72131 | Direct |
| 2024-04-02 | Class A Common Stock | F | 974 | $62.08 | Disposed | 71157 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-02 | Performance-Based Restricted Stock Units | $ | M | 2147 | Disposed | 2028-04-01 | Class A Common Stock (2147) | Direct |
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: 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.