Timm Alexander E. 4
4 · Root, Inc. · Filed Apr 3, 2025
Insider Transaction Report
Form 4
Root, Inc.ROOT
Timm Alexander E.
DirectorChief Executive Officer10% Owner
Transactions
- Exercise/Conversion
Performance-Based Restricted Stock Units
2025-04-01−41,979→ 146,927 totalExp: 2028-04-01→ Class A Common Stock (41,979 underlying) - Tax Payment
Class A Common Stock
2025-04-01$128.60/sh−8,736$1,123,450→ 166,306 total - Tax Payment
Class A Common Stock
2025-04-01$128.60/sh−3,537$454,858→ 162,769 total - Sale
Class A Common Stock
2025-04-01$134.01/sh−1,144$153,307→ 161,625 total - Exercise/Conversion
Class A Common Stock
2025-04-01+41,979→ 203,604 total - Tax Payment
Class A Common Stock
2025-04-01$128.60/sh−19,352$2,488,667→ 184,252 total - Sale
Class A Common Stock
2025-04-02$124.78/sh−7,353$917,507→ 176,899 total
Footnotes (3)
- [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]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 20,990 on April 1, 2024; 41,979 on April 1, 2025; 62,969 on April 1, 2026; and 83,958 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.