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Root, Inc.·4

Apr 3, 9:18 AM ET

Allison Jonathan 4

Research Summary

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Root (ROOT) CAO Jonathan Allison Exercises PSUs, Sells Shares

What Happened

  • Jonathan Allison, Chief Administrative Officer of Root, Inc. (ROOT), reported the conversion of 6,442 performance-based restricted stock units (PSUs) into common shares on April 1, 2026. She also had a total of 15,067 shares disposed between tax-withheld shares and an open-market sale, generating approximately $647,974 in proceeds.
  • Specifics: 6,442 shares were reported as acquired via exercise/conversion of derivative awards (PSUs) at $0.00. To satisfy tax withholding associated with vesting, 8,081 shares (valued at $43.26 each, $349,584) and 2,874 shares (valued at $43.26 each, $124,329) were withheld by the issuer. Separately, 4,112 shares were sold in the open market on April 2, 2026 at $42.33 for $174,061.

Key Details

  • Transaction dates & prices:
    • 2026-04-01: 6,442 PSUs converted to shares (M code), $0.00 per share (conversion).
    • 2026-04-01: 8,081 shares withheld for taxes at $43.26 ($349,584) (F code).
    • 2026-04-01: 2,874 shares withheld for taxes at $43.26 ($124,329) (F code).
    • 2026-04-02: 4,112 shares sold in open market at $42.33 ($174,061) (S code).
  • Total shares disposed: 15,067 shares; total proceeds/withheld value ≈ $647,974.
  • Shares owned after transaction: Not specified in this Form 4.
  • Notable footnotes:
    • Withheld shares were used to satisfy tax withholding on vesting (F1).
    • The 4,112-share sale was made pursuant to a pre-existing 10b5-1 trading plan (F2).
    • The PSUs are performance-based awards that vest in specified tranches and depend on stock-price hurdles (F3).
  • Filing timeliness: This Form 4 is marked as late (transactionTimeliness = 'L').

Context

  • These filings reflect a routine conversion of performance-based awards and related tax-withholding plus a planned sale under a 10b5-1 plan, not an unsolicited open-market buy by the insider. The conversion of PSUs is an award vesting event; the tax-withheld shares and the 10b5-1 sale resulted in cash proceeds.
  • For retail investors: award conversions and withholding are common and do not by themselves imply insider sentiment. The 10b5-1 sale indicates the open-market sale was prearranged.