{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-315499","form_type":"8-K","ticker":"ROOT","cik":"0001788882","company_name":"Root, Inc.","filed_at":"2022-12-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.128331+00:00","generated_at":"2026-06-20T21:35:13.336588+00:00","sec_items":["2.06","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Root Inc. internal investigation finds $9.5M in fraudulent payments by former employee; expects $9.1M write-off","bullets":["Former senior marketing employee directed at least $9.5M in payments to a vendor without disclosure; $0.4M already expensed.","Company expects to write off $9.1M recognized as prepaid expense as of Sept 30, 2022.","Investigation ongoing; may uncover further fraudulent transactions with other vendors.","Audit committee engaged outside counsel; DOJ and SEC voluntarily notified; cooperation expected.","Company will pursue recovery and cooperate with law enforcement; no estimate of further impact yet."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-315499","json":"https://secwatch.observer/filing/0001193125-22-315499.json","markdown":"https://secwatch.observer/filing/0001193125-22-315499.md","text":"https://secwatch.observer/filing/0001193125-22-315499.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1788882/000119312522315499/0001193125-22-315499-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1788882/000119312522315499/d425543d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T21:35:13.336588+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"}