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Root Inc(ROOT.US) 10% Shareholder Sells US$4.32 Million in Common Stock

Moomoo News ·  Nov 4 16:36

$Root Inc (ROOT.US)$ 10% Shareholder Malka Meyer sold 50,959 shares of common stock on Oct 31, 2024 at an average price of $84.7848 for a total value of $4.32 million.

This transaction involves other related parties: Ribbit Capital IV, L.P..

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What is statement of changes in beneficial ownership of securities?

It is a requirement under federal securities laws that mandates individuals, including officers, directors, and those who hold more than 10% of any class of a company's securities (collectively known as "insiders"), to report their purchases, sales, and holdings of their company's securities by submitting Forms 3, 4, and 5.

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