Humic acid — the root signal
The central event is stimulation of the plant's plasma-membrane proton pump, the transporter that acidifies the root zone and powers nutrient uptake, plus auxin-like activity confirmed by hormone reporter genes. The result is more lateral roots and longer, denser root hairs.
Only fractions under about 3,500 Da cross membranes and drive this — which is why the percentage on a label predicts performance poorly, and why two humic acids of identical concentration can perform very differently.
Canellas & Olivares 2014; Nardi et al. 2002; Ervin et al. 2008