4//SEC Filing
Capital Partners III, L.P. 4
Accession 0000899243-20-030212
CIK 0001788882other
Filed
Nov 2, 7:00 PM ET
Accepted
Nov 3, 4:00 PM ET
Size
12.1 KB
Accession
0000899243-20-030212
Insider Transaction Report
Form 4
Root, Inc.ROOT
Capital Partners III, L.P.
10% Owner
Transactions
- Conversion
Series C Preferred Stock
2020-10-30−4,160,710→ 0 total→ Class B Common Stock (4,160,710 underlying) - Sale
Class A Common Stock
2020-10-30$25.52/sh−1,254,025$31,996,448→ 11,286,225 total - Conversion
Series B Preferred Stock
2020-10-30−8,379,540→ 0 total→ Class B Common Stock (8,379,540 underlying) - Conversion
Class A Common Stock
2020-10-30+12,540,250→ 12,540,250 total
Footnotes (3)
- [F1]Each share of Series B Preferred Stock and Series C Preferred Stock (a) automatically converted 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.
- [F2]Each outstanding share of Class B Common Stock held by the Reporting Person converted into one share of Class A Common Stock following the completion of the Issuer's initial public offering.
- [F3]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.
Documents
Issuer
Root, Inc.
CIK 0001788882
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001593999
Filing Metadata
- Form type
- 4
- Filed
- Nov 2, 7:00 PM ET
- Accepted
- Nov 3, 4:00 PM ET
- Size
- 12.1 KB