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Root, Inc. — Director's Dealing 2025
Apr 4, 2025
31970_dirs_2025-04-03_3341c505-12d2-4682-b345-4474bfdb8d3c.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: 2025-04-01
Reporting Person: Binkley Megan (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-04-01 | Class A Common Stock | F | 8174 | $128.60 | Disposed | 61465 | Direct |
| 2025-04-01 | Class A Common Stock | M | 3184 | — | Acquired | 64649 | Direct |
| 2025-04-01 | Class A Common Stock | F | 1444 | $128.60 | Disposed | 63205 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-04-01 | Performance-Based Restricted Stock Units | $ | M | 3184 | Disposed | 2028-04-01 | Class A Common Stock (3184) | 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 1,592 on April 1, 2024; 3,184 on April 1, 2025; 4,777 on April 1, 2026; and 6,369 on April 1, 2026 and upon ROOT Class A common stock achieving a specified average closing price per share over 45 consecutive trading days on or after such dates. Per share price achievement levels for the four tranches are: $16.76; $25.14; $33.52; and $41.90.