Root (NASDAQ: ROOT) CAO has 82 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Root, Inc. Chief Accounting Officer Ryan Forish had 82 shares of Class A Common Stock withheld at $55.05 per share to cover tax obligations from vesting restricted stock units. This was not an open‑market trade. After the withholding, he directly holds 25,451 shares.
Positive
- None.
Negative
- None.
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 | 82 | $55.05 | $5K |
Holdings After Transaction:
Class A Common Stock — 25,451 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 82 shares
Price per withheld share: $55.05 per share
Shares held after transaction: 25,451 shares
3 metrics
Shares withheld for taxes
82 shares
Tax-withholding disposition on Class A Common Stock
Price per withheld share
$55.05 per share
Value used for tax-withholding transaction
Shares held after transaction
25,451 shares
Direct holdings of Class A Common Stock after withholding
Key Terms
restricted stock units, tax withholding obligations, Class A Common Stock, Form 4
4 terms
restricted stock units financial
"tax withholding obligations associated with the vesting of restricted stock units"
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.
tax withholding obligations financial
"withheld by the Issuer to satisfy tax withholding obligations"
Class A Common Stock financial
"These shares of common stock were withheld by the Issuer"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Root (ROOT) Chief Accounting Officer Ryan Forish report on this Form 4?
Ryan Forish reported that 82 shares of Root Class A Common Stock were withheld to satisfy tax withholding obligations tied to vesting restricted stock units, rather than being sold in the open market.
Was this Root (ROOT) Form 4 transaction an open-market sale or a tax withholding?
The transaction was a tax withholding, not an open-market sale. Shares were withheld by the issuer to satisfy tax obligations related to vesting restricted stock units, as described in the filing’s explanatory footnote.