Megan Binkley - Apr 1, 2025 Form 4 Insider Report for Root, Inc. (ROOT)

Role: Chief Financial Officer
Signature: /s/ Jodi Baker, Attorney-in-fact
Stock symbol: ROOT
Transactions as of: Apr 1, 2025
Transactions value $: -$1,236,875
Form type: 4
Date filed: 4/3/2025, 06:03 PM
Previous filing: Feb 5, 2025
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	-$1.05M	-8.17K	-11.74%	$128.60	61.5K	Apr 1, 2025	Direct	F1
transaction	ROOT	Class A Common Stock	Options Exercise	$0	+3.18K	+5.18%	$0.00	64.6K	Apr 1, 2025	Direct
transaction	ROOT	Class A Common Stock	Tax liability	-$186K	-1.44K	-2.23%	$128.60	63.2K	Apr 1, 2025	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	-3.18K	-22.22%	$0.00	11.1K	Apr 1, 2025	Class A Common Stock	3.18K		Direct	F2

* 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 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.

Content

These shares of common stock were withheld by the Issuer to satisfy tax withholding obligations associated with the vesting of restricted stock units.

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.