4//SEC Filing
Malka Meyer 4
Accession 0000950170-25-061296
CIK 0001788882other
Filed
Apr 29, 8:00 PM ET
Accepted
Apr 30, 6:15 PM ET
Size
16.7 KB
Accession
0000950170-25-061296
Insider Transaction Report
Form 4
Root, Inc.ROOT
Malka Meyer
10% Owner
Transactions
- Conversion
Class B Common Stock
2025-04-28−728,800→ 728,807 total(indirect: By Funds)→ Class A Common Stock (728,800 underlying) - Sale
Class A Common Stock
2025-04-30$135.80/sh−223,978$30,416,369→ 504,822 total(indirect: By Funds) - Sale
Class A Common Stock
2025-04-30$137.16/sh−297$40,737→ 504,525 total(indirect: By Funds) - Sale
Class A Common Stock
2025-04-30$139.26/sh−725$100,960→ 503,800 total(indirect: By Funds) - Conversion
Class A Common Stock
2025-04-28+728,800→ 728,800 total(indirect: By Funds)
Ribbit Capital IV, L.P.
10% Owner
Transactions
- Conversion
Class A Common Stock
2025-04-28+728,800→ 728,800 total(indirect: By Funds) - Sale
Class A Common Stock
2025-04-30$135.80/sh−223,978$30,416,369→ 504,822 total(indirect: By Funds) - Conversion
Class B Common Stock
2025-04-28−728,800→ 728,807 total(indirect: By Funds)→ Class A Common Stock (728,800 underlying) - Sale
Class A Common Stock
2025-04-30$137.16/sh−297$40,737→ 504,525 total(indirect: By Funds) - Sale
Class A Common Stock
2025-04-30$139.26/sh−725$100,960→ 503,800 total(indirect: By Funds)
Footnotes (7)
- [F1]Represents 728,800 shares converted by Ribbit Capital IV, L.P. ("Fund IV"), for itself and as nominee for Ribbit Founder Fund IV, L.P. ("FF IV"), from Class B Common Stock into Class A Common Stock on a one-for-one basis for no consideration. Following the reported transaction, 728,800 shares of Class A Common Stock are owned by Fund IV, for itself and as nominee for FF IV, 492,983 shares of Class B Common Stock are held by Fund IV, for itself and as nominee for FF IV and 235,824 shares of Class B Common Stock are held by RT-E Ribbit Opportunity IV, LLC ("Ribbit RT-E").
- [F2]Shares are owned of record by (i) Fund IV, for itself and as nominee for FF IV and (ii) Ribbit RT-E. Meyer Malka is the sole director of Ribbit Capital GP IV, Ltd., which is the general partner of the general partner of Fund IV and FF IV and the general partner of the managing member of RT-E. Each of the Reporting Persons disclaims beneficial ownership of such shares for purposes of Section 16 except to the extent of his or its pecuniary interest therein, if any, and this report shall not be deemed an admission that any of the Reporting Persons is a beneficial owner of such shares for purposes of Section 16 or for any other purpose.
- [F3]Represents an aggregate of 225,000 shares sold by Fund IV, for itself and as nominee for FF IV. Following the reported transactions, 503,800 shares of Class A Common Stock are held by Fund IV, for itself and as nominee for Fund IV.
- [F4]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $135.80 to $136.71, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price at which the transactions were effected.
- [F5]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $137.00 to $137.49, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price at which the transactions were effected.
- [F6]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $138.62 to $139.29, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price at which the transactions were effected.
- [F7]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
Documents
Issuer
Root, Inc.
CIK 0001788882
Entity typeother
Related Parties
1- filerCIK 0001571355
Filing Metadata
- Form type
- 4
- Filed
- Apr 29, 8:00 PM ET
- Accepted
- Apr 30, 6:15 PM ET
- Size
- 16.7 KB