4/A//SEC Filing
Olsen Christopher 4/A
Accession 0001209191-22-000542
CIK 0001788882other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 1:57 PM ET
Size
19.8 KB
Accession
0001209191-22-000542
Insider Transaction Report
Form 4/AAmended
Root, Inc.ROOT
Olsen Christopher
10% Owner
Transactions
- Conversion
Class A Common Stock
2021-11-23+10,100,000→ 10,100,000 total(indirect: See Footnote) - Disposition to Issuer
Class A Common Stock
2021-11-19−15,290→ 0 total - 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
- 452,721(indirect: See Footnote)
Class A Common Stock
- 978,891(indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (978,891 underlying) - 28,683(indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (28,683 underlying) - 2,024,456(indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (2,024,456 underlying)
Footnotes (9)
- [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]Represents the cancellation of restricted stock units ("RSUs") held by the Reporting Person for no consideration. The shares subject to the RSIs were unvested and therefore automatically forfeited at the time of the Reporting Person's resignation from the Issuer's Board of Directors. The RSUs were formally cancelled by the Issuer on 12/29/2021.
- [F5]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.
- [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.
- [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
Issuer
Root, Inc.
CIK 0001788882
Entity typeother
Related Parties
1- filerCIK 0001828005
Filing Metadata
- Form type
- 4/A
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 1:57 PM ET
- Size
- 19.8 KB