Venture Overage Fund, L.P. 4
4 · Root, Inc. · Filed Nov 3, 2020
Insider Transaction Report
Form 4
Root, Inc.ROOT
Venture Overage Fund, L.P.
10% Owner
Transactions
- Sale
Class A Common Stock
2020-10-30$25.52/sh−312,530$7,974,203→ 2,808,000 total - Conversion
Class A Common Stock
2020-10-30+3,120,530→ 3,120,530 total - Conversion
Series C Preferred Stock
2020-10-30−3,120,530→ 0 total→ Class B Common Stock (3,120,530 underlying)
Footnotes (3)
- [F1]Each share of 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 Venture Overage, 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.