---
schema_version: "secwatch.filing_event.v1"
accession: "0001788882-26-000068"
form_type: "8-K"
ticker: "ROOT"
cik: "0001788882"
company_name: "Root, Inc."
filed_at: "2026-09-01T20:07:10+00:00"
generated_at: "2026-09-01T20:08:12.692782+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Root and Carvana restructure warrants; new warrant for 1.53M shares tied to insurance milestones

## Summary
- Cancelled all outstanding long-term warrants from Oct 2021; issued new warrant for up to 1,525,560 shares in five tranches of 305,112 each.
- New warrant exercisable only upon achieving milestones tied to insurance sales through Carvana Integrated Platform.
- Amended Commercial Agreement: initial term now 2 years from Aug 31, 2026, auto-renewing 12-month terms; revised exclusivity and commission tiers.
- Also amended Investment Agreement and Registration Rights Agreement to reflect warrant restructuring.
- Carvana represented as accredited investor; issuance exempt under Section 4(a)(2).

## SEC filing metadata
- accession: 0001788882-26-000068
- form_type: 8-K
- ticker: ROOT
- cik: 0001788882
- company_name: Root, Inc.
- filed_at: 2026-09-01T20:07:10+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788882/000178888226000068/0001788882-26-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788882/000178888226000068/root-20260831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001788882-26-000068
- JSON: https://secwatch.observer/filing/0001788882-26-000068.json
- Plain text: https://secwatch.observer/filing/0001788882-26-000068.txt

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