Root, Inc. (ROOT) CFO makes bona fide gift of 1,523 shares
Rhea-AI Filing Summary
Root, Inc. (ROOT) reported that its Chief Financial Officer, Megan Binkley, made a bona fide gift of 1,523 shares of Class A Common Stock on 2026-08-21. The gift carried a reported per-share value of $0.00. After this disposition, Binkley’s directly held position is 112,317 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,523 shares
Net Sell
1 txn
Insider
Binkley Megan
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 1,523 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 112,317 shares (Direct)
Key Figures
Shares gifted: 1,523 shares of Class A Common Stock
Transaction price per share: $0.00 per share
Shares owned after transaction: 112,317 shares
+1 more
4 metrics
Shares gifted
1,523 shares of Class A Common Stock
Bona fide gift on 2026-08-21 by CFO Megan Binkley
Transaction price per share
$0.00 per share
Reported value for the bona fide gift transaction
Shares owned after transaction
112,317 shares
Directly held by Megan Binkley following the gift
Gift transactions
1 transaction; 1,523 shares
Summary of bona fide gift activity in this Form 4
Key Terms
bona fide gift, Class A Common Stock, Form 4
3 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Class A Common Stock financial
"security_title": "Class A Common Stock"
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 insider transaction did ROOT report for CFO Megan Binkley?
CFO Megan Binkley reported a bona fide gift of 1,523 shares of Root, Inc. Class A Common Stock on 2026-08-21, leaving her with 112,317 directly held shares after the transaction.
Was the recent ROOT insider transaction a purchase or a sale?
The transaction was neither a market purchase nor a sale. It was reported as a bona fide gift of 1,523 Class A Common shares by CFO Megan Binkley, with no price per share reported above $0.00.
Does the ROOT Form 4 indicate trades under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked for this transaction, and the single reported transaction is categorized as a bona fide gift, not as trading under a pre-arranged plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
