4//SEC Filing
Olsen Christopher 4
Accession 0001104659-25-052560
CIK 0001788882other
Filed
May 22, 8:00 PM ET
Accepted
May 23, 8:52 PM ET
Size
19.6 KB
Accession
0001104659-25-052560
Insider Transaction Report
Form 4
Root, Inc.ROOT
Olsen Christopher
10% Owner
Transactions
- Other
Class A Common Stock
2025-05-21−1,443,376→ 0 total(indirect: See Footnote) - Conversion
Class B Common Stock
2025-05-21−1,443,376→ 0 total(indirect: See Footnote)→ Class A Common Stock (1,443,376 underlying) - Conversion
Class A Common Stock
2025-05-21+1,443,376→ 1,443,376 total(indirect: See Footnote) - Other
Class A Common Stock
2025-05-21+339,856→ 339,856 total(indirect: See Footnote) - Other
Class A Common Stock
2025-05-21+6,869→ 6,869 total(indirect: See Footnote)
Holdings
- 6,288(indirect: See Footnote)
Class A Common Stock
- 112,469(indirect: See Footnote)
Class A Common Stock
- 54,382(indirect: See Footnote)
Class A Common Stock
- 1,593(indirect: See Footnote)
Class A Common Stock
Footnotes (11)
- [F1]These shares were converted from Class B Common Stock into Class A Common Stock on a one-for-one basis for no consideration.
- [F10]The shares are held of record by Drive Capital Overdrive Ignition Fund I, L.P. ("Overdrive Ignition I"). Overdrive GP I is the General Partner of Overdrive Ignition I. The Reporting Person is the managing member of Overdrive GP I and has voting and dispositive power with respect to the shares held of record by Overdrive Ignition I. Overdrive GP I and the Reporting Person disclaim beneficial ownership of such shares except to the extent of their pecuniary interests therein.
- [F11]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.
- [F2]The shares are held of record by DC I Investment LLC ("DC I Investment"). The Reporting Person is the Managing Director of DC I Investment and has sole voting and dispositive power with respect to the shares held of record by DC I Investment.
- [F3]Represents a pro-rata, in-kind distribution by DC I Investment to its indirect equity holders, without additional consideration. DC I Investment distributed an aggregate of 1,103,520 shares to the limited partners of its two members, Drive Capital Fund I, L.P. ("Fund I") and Drive Capital Ignition Fund I, L.P. ("Ignition Fund I") and 339,856 shares to the general partner of Fund I and Ignition Fund I, Drive Capital I (GP), LLC ("GP I"), on a pro rata basis.
- [F4]The shares were obtained pursuant to a pro-rata distribution from DC I Investment, for no consideration.
- [F5]The shares are held of record by GP I. The Reporting Person is the managing member of GP I and has voting and dispositive power with respect to the shares held of record by GP I. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F6]The shares are held of record by Dwight H. Hibbard Family Trust f/b/o Christoper Olsen - Exempt (the "Trust"). The Reporting Person is the Trustee of the Trust and has sole voting and dispositive power with respect to the shares held of record by the Trust.
- [F7]The shares are held of record by Purple Dot LLC ("Purple Dot"). The Reporting Person is the Managing Member of Purple Dot and has sole voting and dispositive power with respect to the shares held of record by Purple Dot. On February 26, 2024, Purple Dot obtained 12,576 shares pursuant to a pro-rata, in-kind distribution by GP I, and on March 6, 2024, Purple Dot transferred 6,288 shares to the Reporting Person's ex-spouse pursuant to a domestic relations order. These two prior transactions were exempt from reporting under Section 16 and therefore were not included in previous Form 4 filings.
- [F8]The shares are held of record by Drive Capital Overdrive Fund I, L.P. ("Overdrive I"). Drive Capital Overdrive Fund I (GP), LLC ("Overdrive GP I") is the General Partner of Overdrive I. The Reporting Person is the managing member of Overdrive GP I and has voting and dispositive power with respect to the shares held of record by Overdrive I. Overdrive GP I and the Reporting Person disclaim beneficial ownership of such shares except to the extent of their pecuniary interests therein.
- [F9]The shares are held of record by Drive Capital Overdrive Fund I (TE), L.P. ("Overdrive TE I"). Overdrive GP I is the General Partner of Overdrive TE I. The Reporting Person is the managing member of Overdrive GP I and has voting and dispositive power with respect to the shares held of record by Overdrive TE I. Overdrive GP I and the Reporting Person disclaim beneficial ownership of such shares except to the extent of their pecuniary interests therein.
Documents
Issuer
Root, Inc.
CIK 0001788882
Entity typeother
Related Parties
1- filerCIK 0001828005
Filing Metadata
- Form type
- 4
- Filed
- May 22, 8:00 PM ET
- Accepted
- May 23, 8:52 PM ET
- Size
- 19.6 KB