Capital Partners III, L.P. 3
3 · Root, Inc. · Filed Oct 27, 2020
Insider Transaction Report
Form 3
Root, Inc.ROOT
Capital Partners III, L.P.
10% Owner
Holdings
Series C Preferred Stock
→ Class B Common Stock (4,160,710 underlying)Series B Preferred Stock
→ Class B Common Stock (8,379,540 underlying)
Footnotes (2)
- [F1]Each share of Series B Preferred Stock and Series C Preferred Stock (a) shall automatically convert into shares of Class B Common Stock at the applicable conversion ratio set forth in the Issuer's certificate of incorporation immediately prior to the completion of the Issuer's initial public offering of Class B Common Stock and (b) has no expiration date. Each outstanding share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock.
- [F2]These securities are held directly by the Reporting Person. SVB Financial Group is the managing member of SVB Capital Partners III, LLC, the general partner of the Reporting Person. SVB Financial Group is a reporting company listed on the Nasdaq Global Select Market. Certain employees of Silicon Valley Bank, a wholly-owned subsidiary of SVB Financial Group, have voting and dispositive power with respect to these shares.