Filing Details
- Accession Number:
- 0001628280-25-016644
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2025-04-03 18:05:44
- Reporting Period:
- 2025-04-01
- Filing Date:
- 2025-04-03
- Accepted Time:
- 2025-04-03 18:05:44
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1788882 | Root Inc. | ROOT | Fire, Marine & Casualty Insurance (6331) | 842717903 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1913361 | Mahtiyar Bonakdarpour | C/O Root, Inc. 80 E. Rich Street, Suite 500 Columbus OH 43215 | President And Cto | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Disposition | 2025-04-01 | 1,669 | $128.60 | 284,006 | No | 4 | F | Direct | |
| Class A Common Stock | Disposition | 2025-04-01 | 7,271 | $128.60 | 276,735 | No | 4 | F | Direct | |
| Class A Common Stock | Acquisiton | 2025-04-01 | 28,695 | $0.00 | 305,430 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2025-04-01 | 13,014 | $128.60 | 292,416 | No | 4 | F | Direct | |
| Class A Common Stock | Disposition | 2025-04-02 | 5,515 | $124.78 | 286,901 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | F | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Performance-Based Restricted Stock Units | Disposition | 2025-04-01 | 28,695 | $0.00 | 28,695 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 100,433 | 2028-04-01 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 168,444 | Indirect | See Footnote |
Footnotes
- These shares of common stock were withheld by the Issuer to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- The shares were sold pursuant to a 10b5-1 trading plan.
- These shares are held by Drive Capital Overdrive Fund I, L.P. ("DCOF I") (112,469), Drive Capital Overdrive Fund I (TE), L.P. ("DCOF I TE") (54,382), and Drive Capital Overdrive Ignition Fund I, L.P. ("DCOIF I") (1,593). Drive Capital Overdrive Fund I (GP), LLC ("DCOIF I GP"), the general partner of each of DCOF I, DCOF I TE and DEOIF I, may be deemed to have sole power to vote these shares. The Reporting Person's spouse does not have voting or investment control over these shares but may be deemed to have an indirect pecuniary interest in such shares through her carried interest in DCOIF I GP. The Reporting Person's exact pecuniary interest is not readily determinable because it is subject to several variables. The Reporting Person disclaims beneficial ownership of any of these shares except to the extent of his spouse's pecuniary interest therein.
- 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 14,348 on April 1, 2024; 28,695 on April 1, 2025; 43,043 on April 1, 2026; and 57,390 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.
Billionaire Hedge Funds
