Home/Filings/4/0001209191-20-056799

4//SEC Filing

DRIVE CAPITAL OVERDRIVE FUND I, L.P. 4

Accession 0001209191-20-056799

CIK 0001788882other

View on SEC.gov Company Profile

Filed

Nov 2, 7:00 PM ET

Accepted

Nov 3, 8:14 PM ET

Size

54.7 KB

Accession

0001209191-20-056799

Insider Transaction Report

Form 4

Period: 2020-10-30

Root, Inc.ROOT

DRIVE CAPITAL OVERDRIVE FUND I, L.P.

10% Owner

Transactions

Conversion
Common Stock
2020-10-30+978,891→ 978,891 total(indirect: See Footnote)
Conversion
Series A-3 Preferred Stock
2020-10-30−10,447,860→ 0 total(indirect: See Footnote)
→ Common Stock (10,447,860 underlying)
Other
Class B Common Stock
2020-10-30+28,683→ 28,683 total(indirect: See Footnote)
→ Class A Common Stock (28,683 underlying)
Conversion
Series A-1 Preferred Stock
2020-10-30−14,949,360→ 0 total(indirect: See Footnote)
→ Common Stock (14,949,360 underlying)
Conversion
Series B Preferred Stock
2020-10-30−12,178,320→ 0 total(indirect: See Footnote)
→ Common Stock (12,178,320 underlying)
Other
Common Stock
2020-10-30−28,683→ 0 total(indirect: See Footnote)
Conversion
Series E Preferred Stock
2020-10-30−2,024,456→ 0 total(indirect: See Footnote)
→ Common Stock (2,024,456 underlying)
Conversion
Series E Preferred Stock
2020-10-30−28,683→ 0 total(indirect: See Footnote)
→ Common Stock (28,683 underlying)
Other
Class B Common Stock
2020-10-30+2,024,456→ 2,024,456 total(indirect: See Footnote)
→ Class A Common Stock (2,024,456 underlying)
Other
Common Stock
2020-10-30−51,178,410→ 0 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−2,024,456→ 0 total(indirect: See Footnote)
Conversion
Series E Preferred Stock
2020-10-30−978,891→ 0 total(indirect: See Footnote)
→ Common Stock (978,891 underlying)
Conversion
Common Stock
2020-10-30+2,024,456→ 2,024,456 total(indirect: See Footnote)
Conversion
Common Stock
2020-10-30+28,683→ 28,683 total(indirect: See Footnote)
Conversion
Common Stock
2020-10-30+51,178,410→ 51,178,410 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−978,891→ 0 total(indirect: See Footnote)
Conversion
Series A-2 Preferred Stock
2020-10-30−13,602,870→ 0 total(indirect: See Footnote)
→ Common Stock (13,602,870 underlying)
Other
Class B Common Stock
2020-10-30+978,891→ 978,891 total(indirect: See Footnote)
→ Class A Common Stock (978,891 underlying)
Other
Class B Common Stock
2020-10-30+51,178,410→ 51,178,410 total(indirect: See Footnote)
→ Class A Common Stock (51,178,410 underlying)

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

10% Owner

Transactions

Conversion
Common Stock
2020-10-30+51,178,410→ 51,178,410 total(indirect: See Footnote)
Conversion
Common Stock
2020-10-30+978,891→ 978,891 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−2,024,456→ 0 total(indirect: See Footnote)
Conversion
Series A-1 Preferred Stock
2020-10-30−14,949,360→ 0 total(indirect: See Footnote)
→ Common Stock (14,949,360 underlying)
Conversion
Series A-3 Preferred Stock
2020-10-30−10,447,860→ 0 total(indirect: See Footnote)
→ Common Stock (10,447,860 underlying)
Conversion
Series E Preferred Stock
2020-10-30−2,024,456→ 0 total(indirect: See Footnote)
→ Common Stock (2,024,456 underlying)
Conversion
Common Stock
2020-10-30+2,024,456→ 2,024,456 total(indirect: See Footnote)
Conversion
Series E Preferred Stock
2020-10-30−978,891→ 0 total(indirect: See Footnote)
→ Common Stock (978,891 underlying)
Other
Class B Common Stock
2020-10-30+51,178,410→ 51,178,410 total(indirect: See Footnote)
→ Class A Common Stock (51,178,410 underlying)
Other
Class B Common Stock
2020-10-30+2,024,456→ 2,024,456 total(indirect: See Footnote)
→ Class A Common Stock (2,024,456 underlying)
Other
Class B Common Stock
2020-10-30+978,891→ 978,891 total(indirect: See Footnote)
→ Class A Common Stock (978,891 underlying)
Other
Class B Common Stock
2020-10-30+28,683→ 28,683 total(indirect: See Footnote)
→ Class A Common Stock (28,683 underlying)
Other
Common Stock
2020-10-30−978,891→ 0 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−51,178,410→ 0 total(indirect: See Footnote)
Conversion
Series A-2 Preferred Stock
2020-10-30−13,602,870→ 0 total(indirect: See Footnote)
→ Common Stock (13,602,870 underlying)
Conversion
Series B Preferred Stock
2020-10-30−12,178,320→ 0 total(indirect: See Footnote)
→ Common Stock (12,178,320 underlying)
Conversion
Common Stock
2020-10-30+28,683→ 28,683 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−28,683→ 0 total(indirect: See Footnote)
Conversion
Series E Preferred Stock
2020-10-30−28,683→ 0 total(indirect: See Footnote)
→ Common Stock (28,683 underlying)

Drive Capital Overdrive Ignition Fund I, L.P.

10% Owner

Transactions

Other
Class B Common Stock
2020-10-30+2,024,456→ 2,024,456 total(indirect: See Footnote)
→ Class A Common Stock (2,024,456 underlying)
Other
Class B Common Stock
2020-10-30+28,683→ 28,683 total(indirect: See Footnote)
→ Class A Common Stock (28,683 underlying)
Conversion
Common Stock
2020-10-30+51,178,410→ 51,178,410 total(indirect: See Footnote)
Conversion
Common Stock
2020-10-30+2,024,456→ 2,024,456 total(indirect: See Footnote)
Conversion
Common Stock
2020-10-30+28,683→ 28,683 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−51,178,410→ 0 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−978,891→ 0 total(indirect: See Footnote)
Conversion
Series E Preferred Stock
2020-10-30−2,024,456→ 0 total(indirect: See Footnote)
→ Common Stock (2,024,456 underlying)
Conversion
Common Stock
2020-10-30+978,891→ 978,891 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−2,024,456→ 0 total(indirect: See Footnote)
Conversion
Series A-1 Preferred Stock
2020-10-30−14,949,360→ 0 total(indirect: See Footnote)
→ Common Stock (14,949,360 underlying)
Conversion
Series A-3 Preferred Stock
2020-10-30−10,447,860→ 0 total(indirect: See Footnote)
→ Common Stock (10,447,860 underlying)
Other
Class B Common Stock
2020-10-30+51,178,410→ 51,178,410 total(indirect: See Footnote)
→ Class A Common Stock (51,178,410 underlying)
Other
Class B Common Stock
2020-10-30+978,891→ 978,891 total(indirect: See Footnote)
→ Class A Common Stock (978,891 underlying)
Conversion
Series E Preferred Stock
2020-10-30−978,891→ 0 total(indirect: See Footnote)
→ Common Stock (978,891 underlying)
Other
Common Stock
2020-10-30−28,683→ 0 total(indirect: See Footnote)
Conversion
Series A-2 Preferred Stock
2020-10-30−13,602,870→ 0 total(indirect: See Footnote)
→ Common Stock (13,602,870 underlying)
Conversion
Series E Preferred Stock
2020-10-30−28,683→ 0 total(indirect: See Footnote)
→ Common Stock (28,683 underlying)
Conversion
Series B Preferred Stock
2020-10-30−12,178,320→ 0 total(indirect: See Footnote)
→ Common Stock (12,178,320 underlying)

Drive Capital Overdrive Fund I (GP), LLC

10% Owner

Transactions

Conversion
Series A-3 Preferred Stock
2020-10-30−10,447,860→ 0 total(indirect: See Footnote)
→ Common Stock (10,447,860 underlying)
Conversion
Series B Preferred Stock
2020-10-30−12,178,320→ 0 total(indirect: See Footnote)
→ Common Stock (12,178,320 underlying)
Conversion
Series E Preferred Stock
2020-10-30−2,024,456→ 0 total(indirect: See Footnote)
→ Common Stock (2,024,456 underlying)
Other
Class B Common Stock
2020-10-30+51,178,410→ 51,178,410 total(indirect: See Footnote)
→ Class A Common Stock (51,178,410 underlying)
Other
Class B Common Stock
2020-10-30+978,891→ 978,891 total(indirect: See Footnote)
→ Class A Common Stock (978,891 underlying)
Other
Class B Common Stock
2020-10-30+28,683→ 28,683 total(indirect: See Footnote)
→ Class A Common Stock (28,683 underlying)
Conversion
Common Stock
2020-10-30+51,178,410→ 51,178,410 total(indirect: See Footnote)
Conversion
Common Stock
2020-10-30+28,683→ 28,683 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−2,024,456→ 0 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−28,683→ 0 total(indirect: See Footnote)
Conversion
Series A-2 Preferred Stock
2020-10-30−13,602,870→ 0 total(indirect: See Footnote)
→ Common Stock (13,602,870 underlying)
Other
Common Stock
2020-10-30−978,891→ 0 total(indirect: See Footnote)
Conversion
Series A-1 Preferred Stock
2020-10-30−14,949,360→ 0 total(indirect: See Footnote)
→ Common Stock (14,949,360 underlying)
Other
Class B Common Stock
2020-10-30+2,024,456→ 2,024,456 total(indirect: See Footnote)
→ Class A Common Stock (2,024,456 underlying)
Conversion
Common Stock
2020-10-30+2,024,456→ 2,024,456 total(indirect: See Footnote)
Conversion
Common Stock
2020-10-30+978,891→ 978,891 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−51,178,410→ 0 total(indirect: See Footnote)
Conversion
Series E Preferred Stock
2020-10-30−978,891→ 0 total(indirect: See Footnote)
→ Common Stock (978,891 underlying)
Conversion
Series E Preferred Stock
2020-10-30−28,683→ 0 total(indirect: See Footnote)
→ Common Stock (28,683 underlying)

KVAMME MARK

10% Owner

Transactions

Conversion
Series E Preferred Stock
2020-10-30−2,024,456→ 0 total(indirect: See Footnote)
→ Common Stock (2,024,456 underlying)
Other
Class B Common Stock
2020-10-30+2,024,456→ 2,024,456 total(indirect: See Footnote)
→ Class A Common Stock (2,024,456 underlying)
Conversion
Series A-3 Preferred Stock
2020-10-30−10,447,860→ 0 total(indirect: See Footnote)
→ Common Stock (10,447,860 underlying)
Other
Class B Common Stock
2020-10-30+51,178,410→ 51,178,410 total(indirect: See Footnote)
→ Class A Common Stock (51,178,410 underlying)
Conversion
Common Stock
2020-10-30+28,683→ 28,683 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−2,024,456→ 0 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−28,683→ 0 total(indirect: See Footnote)
Conversion
Series A-1 Preferred Stock
2020-10-30−14,949,360→ 0 total(indirect: See Footnote)
→ Common Stock (14,949,360 underlying)
Conversion
Series B Preferred Stock
2020-10-30−12,178,320→ 0 total(indirect: See Footnote)
→ Common Stock (12,178,320 underlying)
Other
Class B Common Stock
2020-10-30+978,891→ 978,891 total(indirect: See Footnote)
→ Class A Common Stock (978,891 underlying)
Conversion
Common Stock
2020-10-30+51,178,410→ 51,178,410 total(indirect: See Footnote)
Conversion
Common Stock
2020-10-30+2,024,456→ 2,024,456 total(indirect: See Footnote)
Conversion
Common Stock
2020-10-30+978,891→ 978,891 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−978,891→ 0 total(indirect: See Footnote)
Conversion
Series E Preferred Stock
2020-10-30−978,891→ 0 total(indirect: See Footnote)
→ Common Stock (978,891 underlying)
Other
Class B Common Stock
2020-10-30+28,683→ 28,683 total(indirect: See Footnote)
→ Class A Common Stock (28,683 underlying)
Conversion
Series A-2 Preferred Stock
2020-10-30−13,602,870→ 0 total(indirect: See Footnote)
→ Common Stock (13,602,870 underlying)
Conversion
Series E Preferred Stock
2020-10-30−28,683→ 0 total(indirect: See Footnote)
→ Common Stock (28,683 underlying)
Other
Common Stock
2020-10-30−51,178,410→ 0 total(indirect: See Footnote)

DC I Investment LLC

10% Owner

Transactions

Conversion
Common Stock
2020-10-30+51,178,410→ 51,178,410 total(indirect: See Footnote)
Conversion
Common Stock
2020-10-30+978,891→ 978,891 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−2,024,456→ 0 total(indirect: See Footnote)
Conversion
Series A-1 Preferred Stock
2020-10-30−14,949,360→ 0 total(indirect: See Footnote)
→ Common Stock (14,949,360 underlying)
Conversion
Series A-3 Preferred Stock
2020-10-30−10,447,860→ 0 total(indirect: See Footnote)
→ Common Stock (10,447,860 underlying)
Conversion
Common Stock
2020-10-30+2,024,456→ 2,024,456 total(indirect: See Footnote)
Conversion
Common Stock
2020-10-30+28,683→ 28,683 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−51,178,410→ 0 total(indirect: See Footnote)
Other
Common Stock
2020-10-30−978,891→ 0 total(indirect: See Footnote)
Other
Class B Common Stock
2020-10-30+51,178,410→ 51,178,410 total(indirect: See Footnote)
→ Class A Common Stock (51,178,410 underlying)
Other
Class B Common Stock
2020-10-30+2,024,456→ 2,024,456 total(indirect: See Footnote)
→ Class A Common Stock (2,024,456 underlying)
Other
Class B Common Stock
2020-10-30+978,891→ 978,891 total(indirect: See Footnote)
→ Class A Common Stock (978,891 underlying)
Conversion
Series B Preferred Stock
2020-10-30−12,178,320→ 0 total(indirect: See Footnote)
→ Common Stock (12,178,320 underlying)
Conversion
Series E Preferred Stock
2020-10-30−978,891→ 0 total(indirect: See Footnote)
→ Common Stock (978,891 underlying)
Other
Class B Common Stock
2020-10-30+28,683→ 28,683 total(indirect: See Footnote)
→ Class A Common Stock (28,683 underlying)
Conversion
Series A-2 Preferred Stock
2020-10-30−13,602,870→ 0 total(indirect: See Footnote)
→ Common Stock (13,602,870 underlying)
Conversion
Series E Preferred Stock
2020-10-30−2,024,456→ 0 total(indirect: See Footnote)
→ Common Stock (2,024,456 underlying)
Other
Common Stock
2020-10-30−28,683→ 0 total(indirect: See Footnote)
Conversion
Series E Preferred Stock
2020-10-30−28,683→ 0 total(indirect: See Footnote)
→ Common Stock (28,683 underlying)

Footnotes (11)

[F1]The Series A-1 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.
[F10]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.
[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 Series A-2 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 A-3 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 Series B 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.
[F5]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.
[F6]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.
[F7]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.
[F8]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.
[F9]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.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

Root, Inc.

CIK 0001788882

→

Entity typeother

IncorporatedDE

Related Parties

filerCIK 0001773446

Filing Metadata

Form type: 4
Filed: Nov 2, 7:00 PM ET
Accepted: Nov 3, 8:14 PM ET
Size: 54.7 KB

View on SEC.gov