Root Insider Filing Shows 499-Share Tax Withholding by CAO

Rhea-AI Filing Summary

Form 4 overview

On 06/16/2025, Root, Inc. (ROOT) Chief Accounting Officer Ryan Forish filed a Form 4 disclosing an automatic disposition of 499 Class A common shares. The transaction was coded “F,” indicating the shares were withheld by the issuer to satisfy tax obligations arising from the vesting of restricted stock units (RSUs). At the stated price of $145.41 per share, the withheld shares had an aggregate value of roughly $72,600.

Following the transaction, the executive’s direct ownership stands at 22,271 Class A shares. No purchases, sales on the open market, or derivative transactions were reported, and no changes to role or compensation were disclosed.

Because code “F” events are routine, non-discretionary, and represent only about 2.2 % of Forish’s holdings, investors typically view them as neutral housekeeping rather than a signal of insider sentiment. The filing nonetheless confirms that the executive continues to hold a meaningful equity stake, helping align management incentives with shareholder interests.

Positive

• Executive retains 22,271 shares, maintaining substantial alignment with shareholders and signaling confidence.

Negative

• 499 shares were disposed (about 2.2 % of holding), marginally reducing insider ownership.

Insights

Financial Analyst

TL;DR: Routine tax-withholding; neutral signal, negligible impact on ROOT valuation.

The 499-share disposition is a mandatory RSU withholding, not an elective sale. At $72k this is immaterial versus Root’s market cap and does not alter insider alignment. The executive still holds 22,271 shares, showing continued skin-in-the-game. Investors should treat this as a normal administrative event with no bearing on earnings outlook or liquidity.

Corporate Governance Expert

TL;DR: Compliance filing confirms ongoing insider ownership; no governance red flags.

Form 4 was timely (filed 06/18/2025) and clearly cites Rule 10b5-1 safe-harbor language. Use of shares to cover tax is standard practice. No pattern of aggressive selling is evident, and remaining holdings help align executive incentives. Governance risk remains unchanged.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Forish Ryan

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	499	$145.41	$73K

Holdings After Transaction: Class A Common Stock — 22,271 shares (Direct)

Footnotes (1)

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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).

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^*

Forish Ryan

(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)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025

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	06/16/2025		F		499(1)	D	$145.41	22,271	D

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. These shares of common stock were withheld by the Issuer to satisfy tax withholding obligations associated with the vesting of restricted stock units.

Remarks:

	/s/ Jodi Baker, Attorney-in-fact	06/18/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many ROOT shares did CAO Ryan Forish dispose of?

He disposed of 499 Class A shares to cover taxes on vested RSUs.

What was the transaction price per share?

The filing lists a price of $145.41 per share for the withheld shares.

How many ROOT shares does the executive now hold?

After the transaction, Ryan Forish owns 22,271 shares directly.

Is the Form 4 transaction considered insider selling?

No. Code “F” means shares were withheld for tax; it is not an open-market sale.

Does this filing impact ROOT’s investment outlook?

The event is routine and not considered material; it does not change the company’s fundamentals.