ROOT Form 4: Director’s 258-Share Option Expires Worthless, No Stock Trades

Form 4 Overview: The filing discloses insider activity for Root, Inc. (ticker: ROOT) by director Lawrence A. Hilsheimer on 06/30/2025.

Rhea-AI Filing Summary

Form 4 Overview: The filing discloses insider activity for Root, Inc. (ticker: ROOT) by director Lawrence A. Hilsheimer on 06/30/2025.

• Equity holdings: The reporting person continues to own 40,995 Class A common shares directly and 1,596 shares indirectly through an IRA. No purchases or sales of common stock were reported.
• Derivative position: A stock option covering 258 Class A shares with a $194.76 exercise price expired on 06/30/2025 without being exercised, leaving the insider with zero remaining derivative securities related to this grant.
• The Form 4 indicates the transaction code "J" (Rule 16b-3 transfer or other exempt action) and states the option was "out of the money" at expiry.
• Ownership form remains direct for common shares and indirect (IRA) for a small portion, with no change in total share count.

No other transactions, purchases, sales, or new awards are disclosed. As such, the filing has limited impact on Root’s capital structure but updates investors on the director’s lapsed option and current share ownership.

Insights

Securities Analyst

TL;DR: Option grant expired worthless; no share transactions—neutral insider event.

The key disclosure is the lapse of a 258-share option at a $194.76 strike, a level far above Root’s historical trading range, rendering the option valueless. Because the director neither bought nor sold common stock, his direct stake of 40,995 shares and 1,596 IRA-held shares remains unchanged. The use of transaction code "J" confirms the expiry is exempt under Rule 16b-3 and carries no implicative signal of sentiment. From a governance standpoint, the update merely removes an out-of-the-money derivative from the insider’s portfolio and has no material impact on outstanding share count or potential dilution. I classify the filing as not impactful for valuation or market perception purposes.

Insider Trade Summary

Other: 258 shares

Other 3 txns

Insider Hilsheimer Lawrence A.

Role Director

Type	Security	Shares	Price	Value
Other	Stock Option (Right to Buy)	258	$0.00	$0.00
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 0 contracts (Direct); Class A Common Stock — 40,995 shares (Direct); Class A Common Stock — 1,596 shares (Indirect, By IRA)

Footnotes (1)

1. F1. This stock option expired on 6/30/2025, unexercised and out of the money.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Root (ROOT) shares does Director Lawrence A. Hilsheimer currently own?

He owns 40,995 Class A common shares directly and 1,596 shares indirectly through an IRA.

What happened to the director’s stock option disclosed in the Form 4?

The option covering 258 shares at a $194.76 strike price expired unexercised on 06/30/2025.

Were any Root shares bought or sold in this filing?

No. The Form 4 reports zero purchases or sales of Class A common stock.

Does the filing affect Root’s outstanding share count or potential dilution?

No. The expired option was out of the money; its lapse removes a small potential dilution but does not change outstanding shares.

What is the significance of transaction code "J" in this Form 4?

Code "J" denotes an exempt transaction under Rule 16b-3, here reflecting the option’s expiration without exercise.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/02/2025 - 07:42 AM EDT Learn about SEC filing dates

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^*

Hilsheimer Lawrence A.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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								40,995	D
Class A Common Stock								1,596	I	By IRA

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
Stock Option (Right to Buy)	$194.76	06/30/2025(1)		J(1)			258	06/30/2022	06/30/2025	Class A Common Stock	258	$0	0	D

Explanation of Responses:

1. This stock option expired on 6/30/2025, unexercised and out of the money.

Remarks:

	/s/ Jodi Baker, Attorney-in-fact	07/02/2025
	** 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).
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