Root, Inc. (ROOT) director exercises options and sells Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Root, Inc. director Doug Ulman exercised stock options covering 33,352 shares of Class B Common Stock at an exercise price of $0.648 per share on March 9, 2026. Under the terms of the exercise, he received 33,352 shares of Class A Common Stock.
In related actions that day, 473 Class A shares were withheld at $45.77 to cover exercise-related obligations, and 13,152 Class A shares were sold in open-market transactions at an average price of $45.111. Following these transactions, Ulman holds 27,047 Class A shares directly, plus additional indirect holdings of 9,606 and 7,896 Class A shares through trusts associated with him.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 13,152 shares ($593,300)
Net Sell
8 txns
Insider
Ulman Doug
Role
Director
Sold
13,152 shs ($593K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 33,352 | $0.00 | -- |
| Exercise | Class B Common Stock | 33,352 | $0.648 | $22K |
| Conversion | Class B Common Stock | 33,352 | $0.00 | -- |
| Conversion | Class A Common Stock | 33,352 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 473 | $45.77 | $22K |
| Sale | Class A Common Stock | 13,152 | $45.111 | $593K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct);
Class B Common Stock — 33,352 shares (Direct);
Class A Common Stock — 40,672 shares (Direct);
Class A Common Stock — 9,606 shares (Indirect, See Footnote)
Footnotes (1)
- Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. On March 9, 2026, the Reporting Person exercised stock options regarding 33,352 shares of Class B Common Stock (the "Exercise"). Under the terms of the Exercise, the Reporting received 33,352 shares of Class A Common Stock rather than Class B Common Stock. This report reflects the Exercise as the exempt disposition of the stock options, a deemed exempt acquisition of the underlying Class B Common Stock, and a deemed exempt conversion of such Class B Common Stock into Class A Common Stock. Represents shares withheld by the Issuer to satisfy the exercise price related obligations in connection with the exercise of the options reported herein. The shares were sold at prices ranging from $45.01 to $45.56. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price. Shares held by the Douglas E Ulman 2016 Irrevocable Trust, for which the reporting person's spouse is the trustee. Shares held by the Douglas E. Ulman Revocable Trust dated March 17, 2016. The shares subject to the option are immediately exercisable. One-fourth of the shares subject to the option award vested on October 29, 2017, and thereafter one-forty-eighth of the shares subject to the option award vested monthly.
FAQ
What insider transactions did Root (ROOT) director Doug Ulman report?
Doug Ulman exercised options and sold some shares. He exercised stock options for 33,352 shares of Class B Common Stock, received 33,352 Class A shares, had 473 shares withheld for obligations, and sold 13,152 Class A shares in open-market transactions.
What options did Doug Ulman exercise in this Root (ROOT) Form 4?
He exercised options on 33,352 shares. The options related to 33,352 shares of Class B Common Stock with an exercise price of $0.648 per share, resulting in the issuance of 33,352 shares of Class A Common Stock to Ulman.
How were Doug Ulman’s indirect Root (ROOT) holdings structured in this Form 4?
Ulman reports indirect holdings through trusts. The filing notes 9,606 Class A shares held by the Douglas E Ulman 2016 Irrevocable Trust and 7,896 Class A shares held by the Douglas E. Ulman Revocable Trust dated March 17, 2016.