Home/Filings/4/0001209191-21-040473

4//SEC Filing

KVAMME MARK 4

Accession 0001209191-21-040473

CIK 0001788882other

View on SEC.gov Company Profile

Filed

Jun 13, 8:00 PM ET

Accepted

Jun 14, 9:51 PM ET

Size

24.2 KB

Accession

0001209191-21-040473

Insider Transaction Report

Form 4

Period: 2021-06-10

Root, Inc.ROOT

Drive Capital Overdrive Ignition Fund I, L.P.

10% Owner

Transactions

Other
Class A Common Stock
2021-06-10+452,721→ 452,721 total(indirect: See Footnote)
Other
Class A Common Stock
2021-06-10−5,117,841→ 0 total(indirect: See Footnote)

Holdings

Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (2,024,456 underlying)
2,024,456
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (46,060,569 underlying)
46,060,569
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (28,683 underlying)
28,683
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (978,891 underlying)
978,891

DC I Investment LLC

10% Owner

Transactions

Other
Class A Common Stock
2021-06-10+452,721→ 452,721 total(indirect: See Footnote)
Other
Class A Common Stock
2021-06-10−5,117,841→ 0 total(indirect: See Footnote)

Holdings

Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (46,060,569 underlying)
46,060,569
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (2,024,456 underlying)
2,024,456
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (978,891 underlying)
978,891
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (28,683 underlying)
28,683

KVAMME MARK

10% Owner

Transactions

Other
Class A Common Stock
2021-06-10−5,117,841→ 0 total(indirect: See Footnote)
Other
Class A Common Stock
2021-06-10+452,721→ 452,721 total(indirect: See Footnote)

Holdings

Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (978,891 underlying)
978,891
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (46,060,569 underlying)
46,060,569
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (28,683 underlying)
28,683
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (2,024,456 underlying)
2,024,456

DRIVE CAPITAL OVERDRIVE FUND I, L.P.

10% Owner

Transactions

Other
Class A Common Stock
2021-06-10+452,721→ 452,721 total(indirect: See Footnote)
Other
Class A Common Stock
2021-06-10−5,117,841→ 0 total(indirect: See Footnote)

Holdings

Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (978,891 underlying)
978,891
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (46,060,569 underlying)
46,060,569
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (2,024,456 underlying)
2,024,456
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (28,683 underlying)
28,683

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

10% Owner

Transactions

Other
Class A Common Stock
2021-06-10+452,721→ 452,721 total(indirect: See Footnote)
Other
Class A Common Stock
2021-06-10−5,117,841→ 0 total(indirect: See Footnote)

Holdings

Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (28,683 underlying)
28,683
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (2,024,456 underlying)
2,024,456
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (46,060,569 underlying)
46,060,569
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (978,891 underlying)
978,891

Drive Capital Overdrive Fund I (GP), LLC

10% Owner

Transactions

Other
Class A Common Stock
2021-06-10−5,117,841→ 0 total(indirect: See Footnote)
Other
Class A Common Stock
2021-06-10+452,721→ 452,721 total(indirect: See Footnote)

Holdings

Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (978,891 underlying)
978,891
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (46,060,569 underlying)
46,060,569
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (2,024,456 underlying)
2,024,456
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (28,683 underlying)
28,683

Footnotes (8)

[F1]Represents a pro-rata, in-kind distribution by DC I Investment LLC ("DC I Investment") to its indirect equity holders, without additional consideration. DC I Investment distributed an aggregate of 4,665,120 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"), on a pro rata basis, and 452,721 shares to the general partner of Fund I and Ignition Fund I, Drive Capital I (GP), LLC.
[F2]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.
[F3]These shares were received as part of a pro-rata, in-kind distribution by DC I Investment LLC ("DC I Investment") to its indirect equity holders, without additional consideration.
[F4]The shares are held of record by Drive Capital I (GP), LLC ("GP I"). Christopher Olsen ("Olsen") and Mark Kvamme ("Kvamme") are the managing members of GP I and share voting and dispositive power with respect to the shares held of record by GP I. Olsen and Kvamme disclaim beneficial ownership of such shares except to the extent of their pecuniary interests therein.
[F5]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.
[F6]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.
[F7]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.
[F8]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

Related Parties

filerCIK 0001201327

Filing Metadata

Form type: 4
Filed: Jun 13, 8:00 PM ET
Accepted: Jun 14, 9:51 PM ET
Size: 24.2 KB

View on SEC.gov