Root, Inc.|4Apr 3, 5:05 PM ET

Binkley Megan 4

4 · Root, Inc. · Filed Apr 3, 2024

Form 4

Period: 2024-04-01

Chief Financial Officer

Transactions

Tax Payment
Class A Common Stock
2024-04-01$60.52/sh−7,549$456,865→ 68,928 total
Exercise/Conversion
Class A Common Stock
2024-04-02+1,592→ 70,520 total
Tax Payment
Class A Common Stock
2024-04-02$62.08/sh−722$44,822→ 69,798 total
Exercise/Conversion
Performance-Based Restricted Stock Units
2024-04-02−1,592→ 14,330 total
Exp: 2028-04-01→ Class A Common Stock (1,592 underlying)
Tax Payment
Class A Common Stock
2024-04-01$60.52/sh−245$14,827→ 76,477 total

Footnotes (2)

[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, 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.

Documents

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