4//SEC Filing
Bonakdarpour Mahtiyar 4
Accession 0001628280-25-016644
CIK 0001788882other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 6:05 PM ET
Size
14.8 KB
Accession
0001628280-25-016644
Insider Transaction Report
Form 4
Root, Inc.ROOT
Bonakdarpour Mahtiyar
President and CTO
Transactions
- Tax Payment
Class A Common Stock
2025-04-01$128.60/sh−1,669$214,633→ 284,006 total - Exercise/Conversion
Class A Common Stock
2025-04-01+28,695→ 305,430 total - Exercise/Conversion
Performance-Based Restricted Stock Units
2025-04-01−28,695→ 100,433 totalExp: 2028-04-01→ Class A Common Stock (28,695 underlying) - Tax Payment
Class A Common Stock
2025-04-01$128.60/sh−7,271$935,051→ 276,735 total - Sale
Class A Common Stock
2025-04-02$124.78/sh−5,515$688,162→ 286,901 total - Tax Payment
Class A Common Stock
2025-04-01$128.60/sh−13,014$1,673,600→ 292,416 total
Holdings
- 168,444(indirect: See Footnote)
Class A Common Stock
Footnotes (4)
- [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]The shares were sold pursuant to a 10b5-1 trading plan.
- [F3]These shares are held by Drive Capital Overdrive Fund I, L.P. ("DCOF I") (112,469), Drive Capital Overdrive Fund I (TE), L.P. ("DCOF I TE") (54,382), and Drive Capital Overdrive Ignition Fund I, L.P. ("DCOIF I") (1,593). Drive Capital Overdrive Fund I (GP), LLC ("DCOIF I GP"), the general partner of each of DCOF I, DCOF I TE and DEOIF I, may be deemed to have sole power to vote these shares. The Reporting Person's spouse does not have voting or investment control over these shares but may be deemed to have an indirect pecuniary interest in such shares through her carried interest in DCOIF I GP. The Reporting Person's exact pecuniary interest is not readily determinable because it is subject to several variables. The Reporting Person disclaims beneficial ownership of any of these shares except to the extent of his spouse's pecuniary interest therein.
- [F4]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 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.
Documents
Issuer
Root, Inc.
CIK 0001788882
Entity typeother
Related Parties
1- filerCIK 0001913361
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 6:05 PM ET
- Size
- 14.8 KB