DRIVE CAPITAL OVERDRIVE FUND I, L.P. 3

Accession 0001209191-20-056059

CIK 0001788882other

View on SEC.gov Company Profile

Filed

Oct 26, 8:00 PM ET

Accepted

Oct 27, 9:16 PM ET

Size

20.4 KB

Accession

0001209191-20-056059

Insider Transaction Report

Form 3

Period: 2020-10-27

Root, Inc.ROOT

DRIVE CAPITAL OVERDRIVE FUND I (TE), L.P.

10% Owner

Holdings

Series A-2 Preferred Stock
(indirect: See Footnote)
→ Common Stock (13,602,870 underlying)
Series A-3 Preferred Stock
(indirect: See Footnote)
→ Common Stock (10,447,860 underlying)
Series B Preferred Stock
(indirect: See Footnote)
→ Common Stock (12,178,320 underlying)
Series E Preferred Stock
(indirect: See Footnote)
→ Common Stock (978,891 underlying)
Series A-1 Preferred Stock
(indirect: See Footnote)
→ Common Stock (14,949,360 underlying)
Series E Preferred Stock
(indirect: See Footnote)
→ Common Stock (2,024,456 underlying)
Series E Preferred Stock
(indirect: See Footnote)
→ Common Stock (28,683 underlying)

DRIVE CAPITAL OVERDRIVE FUND I, L.P.

10% Owner

Holdings

Series A-2 Preferred Stock
(indirect: See Footnote)
→ Common Stock (13,602,870 underlying)
Series B Preferred Stock
(indirect: See Footnote)
→ Common Stock (12,178,320 underlying)
Series E Preferred Stock
(indirect: See Footnote)
→ Common Stock (978,891 underlying)
Series A-1 Preferred Stock
(indirect: See Footnote)
→ Common Stock (14,949,360 underlying)
Series A-3 Preferred Stock
(indirect: See Footnote)
→ Common Stock (10,447,860 underlying)
Series E Preferred Stock
(indirect: See Footnote)
→ Common Stock (2,024,456 underlying)
Series E Preferred Stock
(indirect: See Footnote)
→ Common Stock (28,683 underlying)

Drive Capital Overdrive Ignition Fund I, L.P.

10% Owner

Holdings

Series A-2 Preferred Stock
(indirect: See Footnote)
→ Common Stock (13,602,870 underlying)
Series A-1 Preferred Stock
(indirect: See Footnote)
→ Common Stock (14,949,360 underlying)
Series B Preferred Stock
(indirect: See Footnote)
→ Common Stock (12,178,320 underlying)
Series E Preferred Stock
(indirect: See Footnote)
→ Common Stock (978,891 underlying)
Series A-3 Preferred Stock
(indirect: See Footnote)
→ Common Stock (10,447,860 underlying)
Series E Preferred Stock
(indirect: See Footnote)
→ Common Stock (28,683 underlying)
Series E Preferred Stock
(indirect: See Footnote)
→ Common Stock (2,024,456 underlying)

KVAMME MARK

10% Owner

Holdings

Series B Preferred Stock
(indirect: See Footnote)
→ Common Stock (12,178,320 underlying)
Series E Preferred Stock
(indirect: See Footnote)
→ Common Stock (2,024,456 underlying)
Series A-1 Preferred Stock
(indirect: See Footnote)
→ Common Stock (14,949,360 underlying)
Series A-2 Preferred Stock
(indirect: See Footnote)
→ Common Stock (13,602,870 underlying)
Series A-3 Preferred Stock
(indirect: See Footnote)
→ Common Stock (10,447,860 underlying)
Series E Preferred Stock
(indirect: See Footnote)
→ Common Stock (978,891 underlying)
Series E Preferred Stock
(indirect: See Footnote)
→ Common Stock (28,683 underlying)

Footnotes (10)

[F1]The Series A-1 Preferred Stock is convertible into Common Stock on a 1:1 basis and has no expiration date. Immediately prior to the closing of the Issuer's initial public offering, all shares of Series A-1 Preferred Stock will be converted into shares of Common Stock.
[F10]The shares are held of record by Drive Capital Overdrive Ignition Fund I, L.P. ("Overdrive Ignition I"). Drive Capital Overdrive Fund I (GP), LLC ("Overdrive GP I") is the General Partner of Overdrive Ignition I. Christopher Olsen ("Olsen") and Mark Kvamme ("Kvamme") are the managing members of Overdrive GP I and share voting and dispositive power with respect to the shares held of record by Overdrive Ignition I. Overdrive GP I, Olsen and Kvamme disclaim beneficial ownership of such shares except to the extent of their pecuniary interests therein.
[F2]Each share of Common Stock shall be reclassified into one share of Class B Common Stock immediately prior to the closing of the Issuer's initial public offering of Class A Common Stock.
[F3]The shares are held of record by DC I Investment LLC ("DC I Investment"). Christopher Olsen 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.
[F4]The Series A-2 Preferred Stock is convertible into Common Stock on a 1:1 basis and has no expiration date. Immediately prior to the closing of the Issuer's initial public offering, all shares of Series A-2 Preferred Stock will be converted into shares of Common Stock.
[F5]The Series A-3 Preferred Stock is convertible into Common Stock on a 1:1 basis and has no expiration date. Immediately prior to the closing of the Issuer's initial public offering, all shares of Series A-3 Preferred Stock will be converted into shares of Common Stock.
[F6]The Series B Preferred Stock is convertible into Common Stock on a 1:1 basis and has no expiration date. Immediately prior to the closing of the Issuer's initial public offering, all shares of Series B Preferred Stock will be converted into shares of Common Stock.
[F7]The Series E Preferred Stock is convertible into Common Stock on a 1:1 basis and has no expiration date. Immediately prior to the closing of the Issuer's initial public offering, all shares of Series E Preferred Stock will be converted into shares of Common Stock.
[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. Christopher Olsen ("Olsen") and Mark Kvamme ("Kvamme") are the managing members of Overdrive GP I and share voting and dispositive power with respect to the shares held of record by Overdrive I. Overdrive GP I, Olsen and Kvamme 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"). Drive Capital Overdrive Fund I (GP), LLC ("Overdrive GP I") is the General Partner of Overdrive TE I. Christopher Olsen ("Olsen") and Mark Kvamme ("Kvamme") are the managing members of Overdrive GP I and share voting and dispositive power with respect to the shares held of record by Overdrive TE I. Overdrive GP I, Olsen and Kvamme disclaim beneficial ownership of such shares except to the extent of their pecuniary interests therein.

Documents

1 file

3
doc3.xmlPrimary
FORM 3 SUBMISSION

Issuer

Root, Inc.

CIK 0001788882

→

Entity typeother

IncorporatedDE

Related Parties

filerCIK 0001773446

Filing Metadata

Form type: 3
Filed: Oct 26, 8:00 PM ET
Accepted: Oct 27, 9:16 PM ET
Size: 20.4 KB

View on SEC.gov