Olsen Christopher 4
4 · Root, Inc. · Filed Nov 24, 2021
Insider Transaction Report
Form 4
Root, Inc.ROOT
Olsen Christopher
10% Owner
Transactions
- Conversion
Class B Common Stock
2021-11-23−10,100,000→ 25,980,779 total(indirect: See Footnote)→ Class A Common Stock (10,100,000 underlying) - Conversion
Class A Common Stock
2021-11-23+10,100,000→ 10,100,000 total(indirect: See Footnote) - Other
Class A Common Stock
2021-11-23−10,100,000→ 0 total(indirect: See Footnote)
Holdings
- 2,024,456(indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (2,024,456 underlying) - 978,891(indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (978,891 underlying) - 15,290
Class A Common Stock
- 28,683(indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (28,683 underlying)
Footnotes (7)
- [F1]These shares were converted from Class B Common Stock into Class A Common Stock on a one-for-one basis for no consideration.
- [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]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 10,100,000 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.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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.