KRAMER NANCY J 4
4 · Root, Inc. · Filed Nov 3, 2020
Insider Transaction Report
Form 4
Root, Inc.ROOT
KRAMER NANCY J
Director
Transactions
- Other
Stock Option (Right to Buy)
2020-10-30−75,000→ 0 totalExercise: $8.09Exp: 2030-07-30→ Common Stock (75,000 underlying) - Other
Stock Option (Right to Buy)
2020-10-30+75,000→ 75,000 totalExercise: $8.09Exp: 2030-07-30→ Class B Common Stock (75,000 underlying)
Footnotes (3)
- [F1]The shares subject to the option are immediately exercisable. The shares subject to the option vest quarterly over 48 months from July 31, 2020, subject to the Reporting Person's continuous service through each such vesting date.
- [F2]Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.
- [F3]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.