BlackRock, Inc. (ROOT) discloses 7.2% beneficial stake in Root Class A stock
Rhea-AI Filing Summary
BlackRock, Inc. reports beneficial ownership of Class A stock of Root, Inc. on an amended Schedule 13G. BlackRock and its reporting business units beneficially own 1,011,125 shares of Root Class A stock, representing 7.2% of the class.
BlackRock has sole voting power over 992,316 shares and sole dispositive power over all 1,011,125 shares, with no shared voting or dispositive power reported. Various underlying clients and investors have rights to dividends or sale proceeds, but no single person is reported to have more than 5% of Root’s outstanding common shares.
Positive
- None.
Negative
- None.
Key Figures
Beneficial ownership: 1,011,125 shares
Percent of class: 7.2%
Sole voting power: 992,316 shares
+3 more
6 metrics
Beneficial ownership
1,011,125 shares
Class A stock of Root, Inc. beneficially owned by BlackRock business units
Percent of class
7.2%
Percentage of Root, Inc. Class A stock beneficially owned by BlackRock
Sole voting power
992,316 shares
Shares of Root, Inc. over which BlackRock reports sole voting power
Shared voting power
0 shares
Shares of Root, Inc. over which BlackRock reports shared voting power
Sole dispositive power
1,011,125 shares
Shares of Root, Inc. over which BlackRock reports sole dispositive power
Shared dispositive power
0 shares
Shares of Root, Inc. over which BlackRock reports shared dispositive power
Key Terms
beneficially owned, Sole Voting Power, dispositive power, Schedule 13G, +1 more
5 terms
beneficially owned financial
"reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"5 | Sole Voting Power 992,316.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
dispositive power financial
"Sole Dispositive Power 1,011,125.00 8 | Shared Dispositive Power 0.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Schedule 13G regulatory
"If a parent holding company has filed this schedule, pursuant to (ii)(G), so indicate under Item 3(g)"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Power of Attorney regulatory
"Exhibit 24: Power of Attorney Exhibit 99: Item 7"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Root, Inc. (ROOT) does BlackRock currently report owning?
BlackRock reports beneficial ownership of 7.2% of the Class A stock of Root, Inc. This stake is based on 1,011,125 shares beneficially owned by certain BlackRock business units as disclosed in the amended Schedule 13G.
Do any single BlackRock clients own more than 5% of Root, Inc. (ROOT)?
The filing states that various persons have rights to dividends or sale proceeds, but no one person’s interest in Root, Inc. common stock exceeds 5% of the total outstanding common shares.
Who signed the Schedule 13G/A for BlackRock regarding Root, Inc. (ROOT)?
The Schedule 13G/A is signed by Spencer Fleming, listed as Managing Director. The signature is supported by a Power of Attorney referenced as Exhibit 24 to the filing.