Alexander E. Timm - 01 Apr 2024 Form 4/A Insider Report for Root, Inc. (ROOT)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Jodi Baker, Attorney-in-fact
Issuer symbol
ROOT
Transactions as of
01 Apr 2024
Net transactions value
-$815,532
Form type
4/A
Filing time
03 Apr 2024, 18:58:11 UTC
Date Of Original Report
03 Apr 2024
Previous filing
05 Feb 2024
Next filing
03 May 2024
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 $214,846 -3,550 -2.3% $60.52 151,351 01 Apr 2024 Direct F1
transaction ROOT Class A Common Stock Award $0 +15,344 +10% $0.000000 166,695 01 Apr 2024 Direct F2
transaction ROOT Class A Common Stock Options Exercise $0 +20,990 +13% $0.000000 187,685 02 Apr 2024 Direct
transaction ROOT Class A Common Stock Tax liability $600,686 -9,676 -5.2% $62.08 178,009 02 Apr 2024 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
transaction ROOT Performance-Based Restricted Stock Units Options Exercise $0 -20,990 -10% $0.000000 188,906 02 Apr 2024 Class A Common Stock 20,990 Direct F3
* 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 Represents the grant of restricted stock units, one-half of which vest on April 1, 2025 and the remainder vest on April 1, 2026.
F3 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 20,990 on April 1, 2024; 41,979 on April 1, 2025; 62,969 on April 1, 2026; and 83,958 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.

Remarks:

This amendment is being filed to amend the Form 4 filed on April 3, 2024, to include footnote 2, which was omitted from the original filing.