{"schema_version":"secwatch.filing_event.v1","accession":"0000950123-21-010425","form_type":"8-K","ticker":"ROOT","cik":"0001788882","company_name":"Root, Inc.","filed_at":"2021-08-12T23:59:59+00:00","discovered_at":"2026-05-14T18:04:19.680099+00:00","generated_at":"2026-06-29T13:37:56.735551+00:00","sec_items":["1.01","3.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Root enters $126M strategic investment and exclusive 5-year partnership with Carvana for integrated auto insurance","bullets":["Carvana invests $126M in Root via convertible preferred at $9.00/sh, convertible into ~14M Class A shares (~5% fully diluted).","Carvana receives warrants for up to 129M shares (29.9% fully diluted) tied to performance milestones of the integrated platform.","Exclusive 5-year commercial agreement to develop integrated auto insurance solution for Carvana's online car buying platform.","Carvana CEO Ernie Garcia III to join Root board; closing expected within 45-60 days, subject to HSR and other conditions.","Root expects partnership to materially lower customer acquisition costs and increase GWP growth."],"urls":{"canonical":"https://secwatch.observer/filing/0000950123-21-010425","json":"https://secwatch.observer/filing/0000950123-21-010425.json","markdown":"https://secwatch.observer/filing/0000950123-21-010425.md","text":"https://secwatch.observer/filing/0000950123-21-010425.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1788882/000095012321010425/0000950123-21-010425-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1788882/000095012321010425/d72455d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T13:37:56.735551+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}