secwatch.observer — SEC 8-K summary
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Issuer:     Root, Inc. (ROOT)
CIK:        0001788882
Form:       8-K
Filed at:   2022-08-15T23:59:59+00:00
Accession:  0001788882-22-000026
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Root, Inc. effects 1-for-18 reverse stock split; trading begins August 15 on split-adjusted basis
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- Reverse stock split of Class A and Class B common stock at 1-for-18 ratio, effective August 12, 2022.
- Class A common stock begins trading split-adjusted on Nasdaq on August 15 under symbol ROOT with new CUSIP 77664L207.
- Number of shares registered under SEC registration statements proportionately reduced.
- Anti-dilution adjustments made to equity plans, ESPP, outstanding awards, Series A convertible preferred, and warrants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788882/000178888222000026/0001788882-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788882/000178888222000026/root-20220812.htm
  HTML page:      https://secwatch.observer/filing/0001788882-22-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer