Form 4 for ROOT Root, Inc.
Accepted 2023-08-11 00:00:00 ET · period of report 2023-08-09 · accession 0001209191-23-045421 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-08-11 | 2023-08-09 | ROOT | Binkley Megan | CFO | A - Grant | $0.00 | +70.9K | 77.1K | +1,143% | $0 |
| D | 2023-08-11 | 2023-08-09 | ROOT | Binkley Megan | CFO | A - Grant | $0.00 | +15.9K | 15.9K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-08-09 | A | A | 70,904 | $0.00 | 77,106 | D | — | — | (F1) Represents the grant of restricted stock units ("RSUs"). The shares subject to the RSUs vest on the following schedule: 16,646 on April 1, 2024; 18,024 on April 1, 2025; 18,117 on April 1, 2026; 18,117 on April 1, 2027. |
| 2 | Derivative | Performance-Based Restricted Stock Units | 2023-08-09 | A | A | 15,922 | $0.00 | 15,922 | D | — · — to 2028-04-01 | 15,922 Class A Common Stock | (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 price per share over 45 consecutive trading days after such dates. Per share price achievement levels for the four tranches are: $16.76; $25.14; $33.52; and $41.90. |