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Root, Inc. — Director's Dealing 2025
Mar 17, 2025
31970_dirs_2025-03-17_27f1405d-9c2a-4844-973e-c360089c2c2c.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: 2025-03-13
Reporting Person: Ulman Doug (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-13 | Class A Common Stock | C | 4000 | — | Acquired | 10201 | Direct |
| 2025-03-13 | Class A Common Stock | S | 4000 | $138.53 | Disposed | 6201 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-13 | Stock Option (Right to Buy) | $0.648 | M | 4000 | Disposed | 2027-01-17 | Class B Common Stock (4000) | Direct |
| 2025-03-13 | Class B Common Stock | $ | M | 4000 | Acquired | Class A Common Stock (4000) | Direct | |
| 2025-03-13 | Class B Common Stock | $ | C | 4000 | Disposed | Class A Common Stock (4000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 9606 | Indirect |
| Class A Common Stock | 10401 | Indirect |
Footnotes
F1: 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.
F2: On March 13, 2025, the Reporting Person exercised stock options regarding 4,000 shares of Class B Common Stock (the "Exercise"). Under the terms of the Exercise, the Reporting received 4,000 shares of Class A Common Stock rather than Class B Common Stock. This report reflects the Exercise as the exempt disposition of the stock options, a deemed exempt acquisition of the underlying Class B Common Stock, and a deemed exempt conversion of such Class B Common Stock into Class A Common Stock.
F3: The shares were sold pursuant to a 10b5-1 trading plan.
F4: Shares held by the Douglas E Ulman 2016 Irrevocable Trust, for which the reporting person's spouse is the trustee.
F5: Shares held by the Douglas E. Ulman Revocable Trust dated March 17, 2016.
F6: The shares subject to the option are immediately exercisable. One-fourth of the shares subject to the option award vested on October 29, 2017, and thereafter one-forty-eighth of the shares subject to the option award vested monthly.