Scale Venture Partners V, L.P. 4
4 · Root, Inc. · Filed Nov 3, 2020
Insider Transaction Report
Form 4Exit
Root, Inc.ROOT
Scale Venture Partners V, L.P.
10% Owner
Transactions
- Conversion
Common Stock
[F1][F2][F3][F4]2020-10-30+6,051,679→ 6,051,679 total(indirect: See footnote) - Other
Common Stock
[F5][F4]2020-10-30−6,051,679→ 0 total(indirect: See footnote) - Conversion
Series C Preferred Stock
[F1][F4]2020-10-30−5,894,340→ 0 total(indirect: See footnote)→ Common Stock (5,894,340 underlying) - Conversion
Series D Preferred Stock
[F2][F4]2020-10-30−96,698→ 0 total(indirect: See footnote)→ Common Stock (96,698 underlying) - Conversion
Series E Preferred Stock
[F3][F4]2020-10-30−60,641→ 0 total(indirect: See footnote)→ Common Stock (60,641 underlying) - Other
Class B Common Stock
[F5][F6][F4]2020-10-30+6,051,679→ 6,051,679 total(indirect: See footnote)→ Class A Common Stock (6,051,679 underlying)
Footnotes (6)
- [F1]The Series C Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date.
- [F2]The Series D Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date.
- [F3]The Series E Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date.
- [F4]The shares are held of record by Scale Venture Partners V, L.P. (SVP V). Scale Venture Management V, LLC, or SVM V, is the general partner of Scale Venture Management V, LP, which is the general partner of SVP IV. Scale Venture Management V LLC (SVM V), the ultimate general partner of SVP V, has sole voting and dispositive power with respect to the shares held by SVP V. Andy Vitus, Rory O'Driscoll, Stacey Bishop and Ariel Tseitlin, managers of SVM V, share voting and dispositive power with respect to the shares held by SVP V.
- [F5]Immediately prior to the completion of the Issuer's initial public offering and following the conversion of each series of the Issuer's convertible preferred stock into Common Stock, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.
- [F6]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.
Signature
Scale Venture Partners V, L.P. By its General Partner Scale Venture Management V, L.P. by its General Partner Scale Venture Management V LLC, By /s/ Rory O'Driscoll, Manager|2020-11-03