---
schema_version: "secwatch.filing_event.v1"
accession: "0001788882-21-000051"
form_type: "8-K"
ticker: "ROOT"
cik: "0001788882"
company_name: "Root, Inc."
filed_at: "2021-07-02T23:59:59+00:00"
generated_at: "2026-06-30T07:41:59.551541+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Root CTO Daniel Manges ceases as employee, becomes advisor for $10k/month; unvested equity forfeited

## Summary
- Daniel Manges ceases as CTO employee effective July 2, 2021, and enters Advisor Agreement starting July 3, 2021.
- Monthly advisor fee of $10,000 plus reasonable approved expenses; either party may terminate at any time.
- Unvested equity awards forfeited; 1,257,080 restricted shares subject to repurchase by Root at $0.678/share.
- Transition was previously disclosed on June 7, 2021; Manges had agreed to step down as CTO effective June 21.

## SEC filing metadata
- accession: 0001788882-21-000051
- form_type: 8-K
- ticker: ROOT
- cik: 0001788882
- company_name: Root, Inc.
- filed_at: 2021-07-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788882/000178888221000051/0001788882-21-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000178888221000051/root-20210701.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001788882-21-000051
- JSON: https://secwatch.observer/filing/0001788882-21-000051.json
- Plain text: https://secwatch.observer/filing/0001788882-21-000051.txt

## Key facts
- Executive change
  Daniel Manges changed role as Chief Technology Officer at Root, Inc..
  - Action: agreed to transition out of his role
  - Role: Chief Technology Officer
  source text: effective June 21, 2021, Daniel Manges, Chief Technology Officer, agreed to transition out of his role
  evidence_url: https://www.sec.gov/Archives/edgar/data/1788882/000178888221000051/0001788882-21-000051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.