Root (ROOT) director Doug Ulman granted 2,864 RSUs and updates trust holdings

Rhea-AI Filing Summary

Ulman Doug reported acquisition or exercise transactions in this Form 4 filing.

Root, Inc. director Doug Ulman reported an equity grant and updated his holdings in Class A Common Stock. He received 2,864 restricted stock units at a price of $0.00 per share, granted under the company’s Non-Employee Director Compensation Policy, which functions as stock-based compensation rather than a market purchase.

After this grant, Ulman directly holds 3,983 shares of Class A Common Stock. He also reports indirect ownership of 33,824 shares held by the Douglas E. Ulman 2016 Irrevocable Trust, for which his spouse is trustee, and 9,606 shares held by the Douglas E. Ulman Revocable Trust dated March 17, 2016.

A footnote explains that 25,928 shares previously reported as directly held are now reflected as indirectly held, representing a change in the form of beneficial ownership rather than a new purchase or sale.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Ulman Doug

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	2,864	$0.00	--
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 3,983 shares (Direct, null); Class A Common Stock — 9,606 shares (Indirect, See Footnote)

Footnotes (1)

1. Represents the grant of restricted stock units in accordance with the Issuer's Non-Employee Director Compensation Policy. Shares held by the Douglas E Ulman 2016 Irrevocable Trust, for which the reporting person's spouse is the trustee. Reflects change in form of beneficial ownership of 25,928 shares previously reported in prior reports as directly-held shares. Shares held by the Douglas E. Ulman Revocable Trust dated March 17, 2016.

Key Figures

Restricted stock units granted: 2,864 shares Grant price: $0.00 per share Direct holdings after grant: 3,983 shares +3 more

6 metrics

Restricted stock units granted 2,864 shares Grant under Non-Employee Director Compensation Policy at $0.00 per share

Grant price $0.00 per share Price per share for 2,864 restricted stock units

Direct holdings after grant 3,983 shares Class A Common Stock held directly after reported transactions

Irrevocable trust holdings 33,824 shares Class A Common Stock held by Douglas E Ulman 2016 Irrevocable Trust

Revocable trust holdings 9,606 shares Class A Common Stock held by Douglas E. Ulman Revocable Trust dated March 17, 2016

Shares reclassified to indirect ownership 25,928 shares Previously reported as directly held; now reflected as indirect beneficial ownership

Key Terms

restricted stock units, Non-Employee Director Compensation Policy, Irrevocable Trust, Revocable Trust, +1 more

5 terms

restricted stock units financial

"Represents the grant of restricted stock units in accordance with the Issuer's Non-Employee Director Compensation Policy."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Non-Employee Director Compensation Policy financial

"Represents the grant of restricted stock units in accordance with the Issuer's Non-Employee Director Compensation Policy."

Irrevocable Trust financial

"Shares held by the Douglas E Ulman 2016 Irrevocable Trust, for which the reporting person's spouse is the trustee."

An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.

Revocable Trust financial

"Shares held by the Douglas E. Ulman Revocable Trust dated March 17, 2016."

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

beneficial ownership financial

"Reflects change in form of beneficial ownership of 25,928 shares previously reported in prior reports as directly-held shares."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

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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^*

Ulman Doug

(Last) (First) (Middle)

C/O ROOT, INC.

80 E RICH STREET, SUITE 500

(Street)

COLUMBUS OHIO 43215

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

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

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

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

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	06/03/2026		A		2,864(1)	A	$0	3,983	D
Class A Common Stock								9,606	I	See Footnote(2)
Class A Common Stock								33,824(3)	I	See Footnote(4)

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. Represents the grant of restricted stock units in accordance with the Issuer's Non-Employee Director Compensation Policy.

2. Shares held by the Douglas E Ulman 2016 Irrevocable Trust, for which the reporting person's spouse is the trustee.

3. Reflects change in form of beneficial ownership of 25,928 shares previously reported in prior reports as directly-held shares.

4. Shares held by the Douglas E. Ulman Revocable Trust dated March 17, 2016.

Remarks:

	/s/ Jodi Baker, Attorney-in-fact	06/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Doug Ulman report for Root (ROOT)?

Doug Ulman reported a grant of 2,864 restricted stock units of Root Class A Common Stock. The grant was made at $0.00 per share as part of Root’s Non-Employee Director Compensation Policy, meaning it is equity compensation rather than an open-market transaction.

How many Root (ROOT) shares does Doug Ulman hold after this Form 4?

After the reported transactions, Doug Ulman directly holds 3,983 Root Class A Common shares. He also reports indirect ownership of 33,824 shares via an irrevocable trust and 9,606 shares via a revocable trust, reflecting his total reported equity exposure in the company.

Were any Root (ROOT) shares bought or sold on the open market in this filing?

No open-market purchases or sales are indicated in this filing. The main transaction is a grant of 2,864 restricted stock units at $0.00, and other reported changes relate to indirect trust holdings and a change in the form of beneficial ownership of previously reported shares.

What is the significance of the 2,864 restricted stock units granted to Doug Ulman at Root (ROOT)?

The 2,864 restricted stock units represent stock-based compensation to Doug Ulman under Root’s Non-Employee Director Compensation Policy. Such awards typically vest over time and align director incentives with shareholder interests, without requiring the director to pay cash for the shares.

Why did the Form 4 mention a change in form of beneficial ownership for Root (ROOT) shares?

A footnote states that 25,928 shares previously reported as directly held are now reflected as indirectly held. This indicates a reclassification of how those shares are owned, likely into a trust structure, rather than a new purchase or sale of Root stock.

What trusts are involved in Doug Ulman’s indirect Root (ROOT) share holdings?

Doug Ulman’s indirect Root holdings include shares held by the Douglas E Ulman 2016 Irrevocable Trust, where his spouse is trustee, and by the Douglas E. Ulman Revocable Trust dated March 17, 2016. Both trusts contribute to his reported indirect beneficial ownership.