Form 4: Root CTO Reports Tax-Related Stock Disposition

Root Inc.'s President and CTO, Mahtiyar Bonakdarpour, reported a tax-related disposition of 1,669 Class A Common Stock shares at $88.04 per share.

Summary

• Mahtiyar Bonakdarpour, President and CTO of Root, Inc. (ROOT), reported a transaction on October 1, 2025.
• The transaction involved the disposition of 1,669 shares of Class A Common Stock.
• These shares were withheld by Root, Inc. to satisfy tax withholding obligations associated with the vesting of restricted stock units.
• The deemed price per share for this transaction was $88.04.
• Following this transaction, Bonakdarpour directly beneficially owns 272,557 shares of Class A Common Stock.
• Additionally, 149,294 shares are indirectly beneficially owned through Drive Capital Overdrive Fund I, L.P. (99,687 shares), Drive Capital Overdrive Fund I (TE), L.P. (48,201 shares), and Drive Capital Overdrive Ignition Fund I, L.P. (1,406 shares).

Sentiment

Score: 5

Explanation: The transaction is a routine tax-related disposition of shares upon RSU vesting, which is a standard practice and does not indicate a change in company fundamentals or executive sentiment.

Related Party Transactions

• Indirect beneficial ownership of 149,294 shares is held by Drive Capital Overdrive Fund I, L.P., Drive Capital Overdrive Fund I (TE), L.P., and Drive Capital Overdrive Ignition Fund I, L.P.
• The reporting person's spouse may be deemed to have an indirect pecuniary interest in these shares through her carried interest in Drive Capital Overdrive Fund I (GP), LLC, the general partner of the aforementioned funds.
• The reporting person disclaims beneficial ownership of these indirectly held shares except to the extent of his spouse's pecuniary interest therein.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes.

Key Dates

Recommendation

This Form 4 reports a routine tax-related disposition of shares by an executive, which is a common occurrence upon the vesting of restricted stock units. It does not reflect a discretionary sale or a change in the company's operational or financial outlook, thus providing no basis for a change in investment recommendation.

Keywords

Root Inc., ROOT, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Executive Compensation, Mahtiyar Bonakdarpour