4//SEC Filing
DRIVE CAPITAL OVERDRIVE FUND I (TE), L.P. 4
Accession 0001209191-22-048604
CIK 0001788882other
Filed
Sep 1, 8:00 PM ET
Accepted
Sep 2, 7:56 PM ET
Size
28.0 KB
Accession
0001209191-22-048604
Insider Transaction Report
Form 4
Root, Inc.ROOT
Transactions
- Conversion
Class A Common Stock
2022-08-31+112,469→ 112,469 total(indirect: See Footnote) - Conversion
Class A Common Stock
2022-08-31+1,593→ 1,593 total(indirect: See Footnote) - Conversion
Class A Common Stock
2022-08-31+54,382→ 54,382 total(indirect: See Footnote) - Conversion
Class B Common Stock
2022-08-31−112,469→ 0 total(indirect: See Footnote)→ Class A Common Stock (112,469 underlying) - Conversion
Class B Common Stock
2022-08-31−54,382→ 0 total(indirect: See Footnote)→ Class A Common Stock (54,382 underlying) - Conversion
Class B Common Stock
2022-08-31−1,593→ 0 total(indirect: See Footnote)→ Class A Common Stock (1,593 underlying)
Holdings
- 1,443,376(indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (1,443,376 underlying) - 25,151(indirect: See Footnote)
Class A Common Stock
Transactions
- Conversion
Class B Common Stock
2022-08-31−54,382→ 0 total(indirect: See Footnote)→ Class A Common Stock (54,382 underlying) - Conversion
Class A Common Stock
2022-08-31+112,469→ 112,469 total(indirect: See Footnote) - Conversion
Class A Common Stock
2022-08-31+1,593→ 1,593 total(indirect: See Footnote) - Conversion
Class B Common Stock
2022-08-31−112,469→ 0 total(indirect: See Footnote)→ Class A Common Stock (112,469 underlying) - Conversion
Class A Common Stock
2022-08-31+54,382→ 54,382 total(indirect: See Footnote) - Conversion
Class B Common Stock
2022-08-31−1,593→ 0 total(indirect: See Footnote)→ Class A Common Stock (1,593 underlying)
Holdings
- 1,443,376(indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (1,443,376 underlying) - 25,151(indirect: See Footnote)
Class A Common Stock
DRIVE CAPITAL OVERDRIVE FUND I, L.P.
10% Owner
Transactions
- Conversion
Class A Common Stock
2022-08-31+1,593→ 1,593 total(indirect: See Footnote) - Conversion
Class B Common Stock
2022-08-31−112,469→ 0 total(indirect: See Footnote)→ Class A Common Stock (112,469 underlying) - Conversion
Class B Common Stock
2022-08-31−54,382→ 0 total(indirect: See Footnote)→ Class A Common Stock (54,382 underlying) - Conversion
Class A Common Stock
2022-08-31+112,469→ 112,469 total(indirect: See Footnote) - Conversion
Class A Common Stock
2022-08-31+54,382→ 54,382 total(indirect: See Footnote) - Conversion
Class B Common Stock
2022-08-31−1,593→ 0 total(indirect: See Footnote)→ Class A Common Stock (1,593 underlying)
Holdings
- 25,151(indirect: See Footnote)
Class A Common Stock
- 1,443,376(indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (1,443,376 underlying)
Transactions
- Conversion
Class A Common Stock
2022-08-31+1,593→ 1,593 total(indirect: See Footnote) - Conversion
Class B Common Stock
2022-08-31−54,382→ 0 total(indirect: See Footnote)→ Class A Common Stock (54,382 underlying) - Conversion
Class B Common Stock
2022-08-31−112,469→ 0 total(indirect: See Footnote)→ Class A Common Stock (112,469 underlying) - Conversion
Class A Common Stock
2022-08-31+112,469→ 112,469 total(indirect: See Footnote) - Conversion
Class A Common Stock
2022-08-31+54,382→ 54,382 total(indirect: See Footnote) - Conversion
Class B Common Stock
2022-08-31−1,593→ 0 total(indirect: See Footnote)→ Class A Common Stock (1,593 underlying)
Holdings
- 25,151(indirect: See Footnote)
Class A Common Stock
- 1,443,376(indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (1,443,376 underlying)
Drive Capital I (GP) LLC
10% Owner
Transactions
- Conversion
Class A Common Stock
2022-08-31+54,382→ 54,382 total(indirect: See Footnote) - Conversion
Class A Common Stock
2022-08-31+1,593→ 1,593 total(indirect: See Footnote) - Conversion
Class B Common Stock
2022-08-31−112,469→ 0 total(indirect: See Footnote)→ Class A Common Stock (112,469 underlying) - Conversion
Class B Common Stock
2022-08-31−54,382→ 0 total(indirect: See Footnote)→ Class A Common Stock (54,382 underlying) - Conversion
Class A Common Stock
2022-08-31+112,469→ 112,469 total(indirect: See Footnote) - Conversion
Class B Common Stock
2022-08-31−1,593→ 0 total(indirect: See Footnote)→ Class A Common Stock (1,593 underlying)
Holdings
- 25,151(indirect: See Footnote)
Class A Common Stock
- 1,443,376(indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (1,443,376 underlying)
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 issuer effected a 1-for-18 reverse stock split of its Class A Common Stock and Class B Common Stock on August 12, 2022. The number of securities reported on this Form 4 has been adjusted to reflect the reverse stock split.
- [F3]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") is the managing member of Overdrive GP I and has voting and dispositive power with respect to the shares held of record by Overdrive I. Overdrive GP I and Olsen disclaim beneficial ownership of such shares except to the extent of their pecuniary interests therein.
- [F4]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") is the managing member of Overdrive GP I and has voting and dispositive power with respect to the shares held of record by Overdrive TE I. Overdrive GP I and Olsen disclaim beneficial ownership of such shares except to the extent of their pecuniary interests therein.
- [F5]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") is the managing member of Overdrive GP I and has voting and dispositive power with respect to the shares held of record by Overdrive Ignition I. Overdrive GP I and Olsen 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 I (GP), LLC ("GP I"). Christopher Olsen ("Olsen") is the managing member of GP I and has voting and dispositive power with respect to the shares held of record by GP I. Olsen disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F7]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.
- [F8]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.
Documents
Issuer
Root, Inc.
CIK 0001788882
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001773441
Filing Metadata
- Form type
- 4
- Filed
- Sep 1, 8:00 PM ET
- Accepted
- Sep 2, 7:56 PM ET
- Size
- 28.0 KB