Home/Filings/4/A/0001209191-22-000534

4/A//SEC Filing

KVAMME MARK 4/A

Accession 0001209191-22-000534

CIK 0001788882other

View on SEC.gov Company Profile

Filed

Jan 3, 7:00 PM ET

Accepted

Jan 4, 1:50 PM ET

Size

25.8 KB

Accession

0001209191-22-000534

Insider Transaction Report

Form 4/AAmended

Period: 2021-11-23

Root, Inc.ROOT

Drive Capital Overdrive Fund I (GP), LLC

10% Owner

Transactions

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)
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)

Holdings

Class A Common Stock
(indirect: See Footnote)
452,721
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

DRIVE CAPITAL OVERDRIVE FUND I, L.P.

10% Owner

Transactions

Other
Class A Common Stock
2021-11-23−10,100,000→ 0 total(indirect: See Footnote)
Conversion
Class A Common Stock
2021-11-23+10,100,000→ 10,100,000 total(indirect: See Footnote)
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)

Holdings

Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (28,683 underlying)
28,683
Class A Common Stock
(indirect: See Footnote)
452,721
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

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

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

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
Class A Common Stock
(indirect: See Footnote)
452,721
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (2,024,456 underlying)
2,024,456

DC I Investment LLC

10% Owner

Transactions

Conversion
Class A Common Stock
2021-11-23+10,100,000→ 10,100,000 total(indirect: See Footnote)
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)
Other
Class A Common Stock
2021-11-23−10,100,000→ 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 (978,891 underlying)
978,891
Class A Common Stock
(indirect: See Footnote)
452,721
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (28,683 underlying)
28,683

Drive Capital I (GP) LLC

10% Owner

Transactions

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)
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)

Holdings

Class A Common Stock
(indirect: See Footnote)
452,721
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
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (978,891 underlying)
978,891

KVAMME MARK

10% Owner

Transactions

Conversion
Class A Common Stock
2021-11-23+10,100,000→ 10,100,000 total(indirect: See Footnote)
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)
Other
Class A Common Stock
2021-11-23−10,100,000→ 0 total(indirect: See Footnote)

Holdings

Class A Common Stock
(indirect: See Footnote)
452,721
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
Class B Common Stock
(indirect: See Footnote)
→ Class A Common Stock (2,024,456 underlying)
2,024,456

Footnotes (8)

[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]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
doc4a.xml
FORM 4/A SUBMISSION

Issuer

Root, Inc.

CIK 0001788882

→

Entity typeother

Related Parties

filerCIK 0001201327

Filing Metadata

Form type: 4/A
Filed: Jan 3, 7:00 PM ET
Accepted: Jan 4, 1:50 PM ET
Size: 25.8 KB

View on SEC.gov