Google is beginning to roll out 5.0.1 to Android Wear devices. Last week Motorola tweeted that 5.0.1 would be rolled out to every Moto360 device. Now that you have 5.0.1 on your Android Wear device you will want to go ahead and get it rooted! The process is pretty simple you just need a few files including Android Wear SuperSU and the TWRP file for your device. You will then flash TWRP to your watch. Boot into TWRP and flash the Wear SuperSU file. Then reboot and go to SuperSU to update binaries. Head to the link below for the full instructions and the files needed.
Via XDA