SEC Form 4 · accession 0001737364-26-000007

Root, Inc. · ROOT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

10% Owner

Period of report

Aug 31, 2026

Accepted (ET)

Sep 2, 2026 · 4:51 pm EDT

Rule 10b5-1 plan

box not checked

Issuer CIK

0001788882

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrant (Right to Buy)^F2,F1	$180.00	Aug 31, 2026	J	1,435,820	D	—	—	Class A Common Stock	1,435,820	0	D
Warrant (Right to Buy)^F2,F1	$225.00	Aug 31, 2026	J	1,491,907	D	—	—	Class A Common Stock	1,491,907	0	D
Warrant (Right to Buy)^F2,F1	$270.00	Aug 31, 2026	J	1,503,428	D	—	—	Class A Common Stock	1,503,428	0	D
Warrant (Right to Buy)^F2,F1	$405.00	Aug 31, 2026	J	1,452,587	D	—	—	Class A Common Stock	1,452,587	0	D
Warrant (Right to Buy)^F2,F1	$540.00	Aug 31, 2026	J	1,287,916	D	—	—	Class A Common Stock	1,287,916	0	D
Warrant (Right to Buy)^F2,F1	$72.44	Aug 31, 2026	J	305,112	A	—	—	Class A Common Stock	305,112	305,112	D
Warrant (Right to Buy)^F2,F1	$78.01	Aug 31, 2026	J	305,112	A	—	—	Class A Common Stock	305,112	305,112	D
Warrant (Right to Buy)^F2,F1	$83.58	Aug 31, 2026	J	305,112	A	—	—	Class A Common Stock	305,112	305,112	D
Warrant (Right to Buy)^F2,F1	$89.15	Aug 31, 2026	J	305,112	A	—	—	Class A Common Stock	305,112	305,112	D
Warrant (Right to Buy)^F2,F1	$94.72	Aug 31, 2026	J	305,112	A	—	—	Class A Common Stock	305,112	305,112	D
Series A Convertible Preferred Stock^F2,F3	—	holding	—	—	—	—	—	Class A Common Stock	780,727	14,053,096	D

F1On August 31, 2026, Carvana Group, LLC and Root, Inc. entered into a Warrant Cancellation and Exchange Agreement (the "Warrant Cancellation Agreement"), pursuant to which the five Long-Term Warrants previously issued to Carvana Group (the "Cancelled Warrants") were cancelled and exchanged for a new Common Stock Purchase Warrant (the "New Warrant"). The tranches of the New Warrant are subject to certain conditions to exercise, including conditions relating to the achievement of defined insurance sale milestones.
F2The Warrants and Series A Convertible Preferred Stock are held directly by Carvana Group, LLC. Carvana Co. exercises voting and dispositive power over the Warrants.
F314,053,096 shares of Series A Convertible Preferred Stock (the "Preferred Stock") is convertible into 780,727 shares of Class A Common Stock. The Preferred Stock has no expiration date.