Form 4 for ROOT Root, Inc.
Accepted 2024-04-03 00:00:00 ET · period of report 2024-04-01 · accession 0001628280-24-014638 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-04-03 | 2024-04-01+ | ROOT | Bonakdarpour Mahtiyar | Pres, CTO | F - Tax | $61.29 | -13.1K | 283.9K | -4% | -$802.8K |
| D | 2024-04-03 | 2024-04-02 | ROOT | Bonakdarpour Mahtiyar | Pres, CTO | M - OptEx | $0.00 | +14.3K | 298.2K | +5% | $0 |
| D | 2024-04-03 | 2024-04-02 | ROOT | Bonakdarpour Mahtiyar | Pres, CTO | M - OptEx | $0.00 | -14.3K | 129.1K | -10% | $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 | 2024-04-01 | F | D | 1,669 | $60.52 | 288,787 | D | — | — | (F1) These shares of common stock were withheld by the Issuer to satisfy tax withholding obligations associated with the vesting of restricted stock units. |
| 2 | Common | Class A Common Stock | 2024-04-02 | F | D | 6,507 | $62.08 | 291,706 | D | — | — | (F1) These shares of common stock were withheld by the Issuer to satisfy tax withholding obligations associated with the vesting of restricted stock units. |
| 3 | Common | Class A Common Stock | 2024-04-02 | M | A | 14,348 | $0.00 | 298,213 | D | — | — | |
| 4 | Common | Class A Common Stock | 2024-04-01 | F | D | 4,922 | $60.52 | 283,865 | D | — | — | (F1) These shares of common stock were withheld by the Issuer to satisfy tax withholding obligations associated with the vesting of restricted stock units. |
| 5 | Derivative | Performance-Based Restricted Stock Units | 2024-04-02 | M | D | 14,348 | $0.00 | 129,128 | D | — · — to 2028-04-01 | 14,348 Class A Common Stock | (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 14,348 on April 1, 2024; 28,695 on April 1, 2025; 43,043 on April 1, 2026; and 57,390 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. |