Alexander E. Timm - 01 Feb 2022 Form 4 Insider Report for Root, Inc. (ROOT)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Megan Binkley, Attorney-in-fact
Issuer symbol: ROOT
Transactions as of: 01 Feb 2022
Net transactions value: -$85,371
Form type: 4
Filing time: 03 Feb 2022, 16:35:17 UTC
Previous filing: 16 Sep 2021
Next filing: 04 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ROOT	Class A Common Stock	Tax liability	$85,371	-40,653	-8.2%	$2.10	456,036	01 Feb 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	ROOT	Class B Common Stock						19,015,103	01 Feb 2022	Class A Common Stock	19,015,103		Direct	F2, F3
holding	ROOT	Class B Common Stock						194,250	01 Feb 2022	Class A Common Stock	194,250		See footnote	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 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.
F3	Includes 1,920,935 shares previously reported as held indirectly through the Timm 2020 GRAT, which shares were returned by the GRAT to the Insider on January 14, 2022 in satisfaction of the GRAT's annuity obligation. This return transaction was an exempt change in form of beneficial ownership under Rule 16a-13.
F4	The shares are held by the Timm Descendants Trust for which the Reporting Person's spouse is a trustee.