Root Executives Sell Shares Worth Over $1.7 Million
| Reporter Name | Relationship | Type | Amount | SEC Filing |
|---|---|---|---|---|
| Bonakdarpour Mahtiyar | President and CTO | Sell | $686,433 | Form 4 |
| Timm Alexander E. | Chief Executive Officer, 10% Owner | Sell | $1,082,674 | Form 4 |
Root, Inc. has seen significant share transactions by its top executives, as reported in recent SEC Form 4 filings. President and CTO, Mahtiyar Bonakdarpour, sold 5,256 shares of Class A Common Stock on June 2, 2025, at a price of $130.6 per share, totaling $686,433. Following this transaction, Bonakdarpour's direct ownership stands at 281,645 shares, with an additional 149,294 shares held indirectly through Drive Capital Overdrive Fund I, L.P. and related entities. These shares were sold pursuant to a 10b5-1 trading plan.
Root's CEO and 10% owner, Timm Alexander E., also executed a significant sale, offloading 8,290 shares at the same price of $130.6 per share on June 2, 2025, which amounted to $1,082,674. Post-sale, Timm Alexander E. directly owns 168,609 shares of the company. His sales were similarly executed under a 10b5-1 trading plan.