[Form 4] Root, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Mahtiyar Bonakdarpour, President and CTO of Root, Inc. (ROOT), reported a sale of 5,750 Class A common shares on 09/02/2025 at $89.74 per share executed pursuant to a 10b5-1 trading plan. Following the reported transaction, the filing shows 274,226 Class A shares beneficially owned directly and 149,294 held indirectly. The indirect holdings are attributable to three Drive Capital Overdrive funds with specific share counts disclosed in the footnote. The form is signed by an attorney-in-fact on behalf of the reporting person on 09/04/2025.

Insights

Financial Analyst

TL;DR: Routine insider sale under a pre-established plan; small reduction relative to total holdings.

The sale of 5,750 shares at $89.74 under a 10b5-1 plan is a typical, pre-planned disposition that reduces the reporting person's direct stake but does not indicate ad hoc trading. The filing quantifies remaining direct ownership at 274,226 shares and discloses an additional 149,294 shares held indirectly through Drive Capital-related funds with precise allocations provided. For investors, this filing documents insider liquidity but contains no new operational or financial performance information.

Corporate Governance Expert

TL;DR: Disclosure is procedurally appropriate and clarifies indirect ownership via investment funds.

The Form 4 correctly identifies the officer role, the transaction code indicating a sale under a Rule 10b5-1 plan, and provides a detailed footnote on indirect beneficial ownership and voting power through Drive Capital entities. The reporting person disclaims beneficial ownership of the fund-held shares except to the extent of a spouse's carried interest, and the form is executed by an attorney-in-fact. This filing meets standard Section 16 disclosure expectations and clarifies governance-related ownership structure.

Insider Trade Summary

Net Seller: 5,750 shares ($516,005)

Net Sell 2 txns

Insider Bonakdarpour Mahtiyar

Role President and CTO

Sold 5,750 shs ($516K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	5,750	$89.74	$516K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 274,226 shares (Direct); Class A Common Stock — 149,294 shares (Indirect, See Footnote)

Footnotes (1)

1. 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") (99,687), Drive Capital Overdrive Fund I (TE), L.P. ("DCOF I TE") (48,201), and Drive Capital Overdrive Ignition Fund I, L.P. ("DCOIF I") (1,406). 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bonakdarpour Mahtiyar

(Last) (First) (Middle)

C/O ROOT, INC.

80 E. RICH STREET, SUITE 500

(Street)

COLUMBUS OH 43215

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Root, Inc. [ ROOT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CTO

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/02/2025		S		5,750(1)	D	$89.74	274,226	D
Class A Common Stock								149,294	I	See Footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares were sold pursuant to a 10b5-1 trading plan.

2. These shares are held by Drive Capital Overdrive Fund I, L.P. ("DCOF I") (99,687), Drive Capital Overdrive Fund I (TE), L.P. ("DCOF I TE") (48,201), and Drive Capital Overdrive Ignition Fund I, L.P. ("DCOIF I") (1,406). 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.

Remarks:

	/s/ Jodi Baker, Attorney-in-fact	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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