Ulman Doug 4

What Happened Doug Ulman, a non-employee director of Root, Inc. (ROOT), received a grant of 2,864 restricted stock units (RSUs) on 2026-06-03. The grant was reported at a unit price of $0.00 (code A — award/grant), reflecting compensation under Root’s Non-Employee Director Compensation Policy rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-03; Form 4 filed 2026-06-04 (appears timely).
• Transaction type/code: Award/Grant (A) of 2,864 shares; acquisition price reported as $0.00.
• Footnote F1: Grant made under the Issuer's Non-Employee Director Compensation Policy (i.e., RSUs).
• Footnotes F2 & F4: Some shares are held in trusts (Douglas E. Ulman 2016 Irrevocable Trust and Douglas E. Ulman Revocable Trust dated March 17, 2016); spouse is trustee of the irrevocable trust.
• Footnote F3: Form reflects a change in form of beneficial ownership of 25,928 shares that were previously reported as directly held.
• Shares owned after the transaction: not explicitly stated in the provided summary of the filing.

Context This is a standard director compensation grant (RSUs), which typically vests over time and does not represent a market purchase or sale. Such awards are common for non-employee directors and should be interpreted as compensation, not necessarily as a personal market-confidence signal.