Create Alert
Sign Up
Sign In
Sign In
Sign Up
Contact Us
Careers
Terms and Conditions
Privacy
About Us
Home
Livefeed
Market Data
Companies
Filings
Ownership Search
Mutual Fund Search
Watchlist
My Watchlist
Create Alerts to view your Watchlist
Live Feed
Feed to the latest filings at the SEC
Type of Filers
All
Mutual Funds
Mutual 3 & ETFs
Mutual 2 & ETFs
Variable Insurance Products
Variable Insurance 1
Variable Insurance 3
Variable Insurance 4
Type of Forms
All
Annual Reports
10-K
10-K/A
18-K
20-F
20-F/A
24F-2NT
24F-2NT/A
40FR12B
MA/A
MA-I
MA-I/A
N-CSR
NSAR-B
NSAR-B/A
NT 10-K
TA-2/A
Quarterly Reports
10-Q
10-Q/A
N-Q
Proxy Statements
DEF 14 A
DEF 14C
DEFA14A
DEFC14A
DEFM14A
DFAN14A
N-PX/A
PRE 14 A
PRE 14C
PREC14A
PREM14A
PRER14A
PRRN14A
PX14A6G
Prospectus
425
POS AM
Current-Reports
8-K
8-K/A
Registrations
10-12B
10-12B/A
10-12G
10-12G/A
18-12B
18-12B/A
18-12G
18-12G/A
20FR12B
20FR12B/A
20FR12G
20FR12G/A
24F-2NT
24F-2NT/A
424A
424B1
424B2
424B3
424B4
424B5
424B7
485A24E
485BPOS
486BPOS
487
8-A12B
8-A12B/A
18-12G/A
8-A12G
8-A12G/A
DEL AM
F-1
F-1/A
F-1MEF
F-3
F-3/A
F-3DPOS
F-4
F-4/A
F-6
F-6/A
F-6 POS
N-1
N-14
N-14/A
N-1A
N-1/A
N-1A/A
N-2
N-2MEF
N-3
N-3/A
N-4
N-4/A
N-5
N-54A
N-54A/A
N-5/A
N-8A
N-8A/A
N-8B-2
N-8B-2/A
N-8B-4
N-8B-4/A
POS462B
POS462C
POS 8C
POS AM
POS AMI
POS EX
S-11
S-11/A
S-11MEF
S-1/A
S-1MEF
S-20
S-20/A
S-3
S-3/A
S-3D
S-3DPOS
S-3MEF
S-4EF
S-4MEF
S-4 POS
S-6
S-6/A
S-8
S-8 POS
Date Range
All
One Day Prior
Two Day Prior
Three Day Prior
DRIVE CAPITAL OVERDRIVE FUND I, L.P.
Date Filed :
Nov 03, 2020
View Exhibits
SEC FORM 4
SEC Form 4
FORM 4
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response:
0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
1. Name and Address of Reporting Person
*
DRIVE CAPITAL OVERDRIVE FUND I, L.P.
(Last)
(First)
(Middle)
629 N. HIGH STREET, 6TH FLOOR
(Street)
COLUMBUS
OH
43215
(City)
(State)
(Zip)
2. Issuer Name
and
Ticker or Trading Symbol
Root, Inc.
[
ROOT
]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director
X
10% Owner
Officer (give title below)
Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/30/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)
2. Transaction Date (Month/Day/Year)
2A. Deemed Execution Date, if any (Month/Day/Year)
3. Transaction Code (Instr. 8)
4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code
V
Amount
(A) or (D)
Price
Common Stock
10/30/2020
C
51,178,410
A
(1)
(2)
(3)
(4)
51,178,410
I
See Footnote
(5)
Common Stock
10/30/2020
C
2,024,456
A
(6)
2,024,456
I
See Footnote
(7)
Common Stock
10/30/2020
C
978,891
A
(6)
978,891
I
See Footnote
(8)
Common Stock
10/30/2020
C
28,683
A
(6)
28,683
I
See Footnote
(9)
Common Stock
(10)
10/30/2020
J
51,178,410
D
(10)
0
I
See Footnote
(5)
Common Stock
(10)
10/30/2020
J
2,024,456
D
(10)
0
I
See Footnote
(7)
Common Stock
(10)
10/30/2020
J
978,891
D
(10)
0
I
See Footnote
(8)
Common Stock
(10)
10/30/2020
J
28,683
D
(10)
0
I
See Footnote
(9)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)
2. Conversion or Exercise Price of Derivative Security
3. Transaction Date (Month/Day/Year)
3A. Deemed Execution Date, if any (Month/Day/Year)
4. Transaction Code (Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date (Month/Day/Year)
7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)
8. Price of Derivative Security (Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code
V
(A)
(D)
Date Exercisable
Expiration Date
Title
Amount or Number of Shares
Series A-1 Preferred Stock
(1)
10/30/2020
C
14,949,360
(1)
(1)
Common Stock
14,949,360
$
0.00
0
I
See Footnote
(5)
Series A-2 Preferred Stock
(2)
10/30/2020
C
13,602,870
(2)
(2)
Common Stock
13,602,870
$
0.00
0
I
See Footnote
(5)
Series A-3 Preferred Stock
(3)
10/30/2020
C
10,447,860
(3)
(3)
Common Stock
10,447,860
$
0.00
0
I
See Footnote
(5)
Series B Preferred Stock
(4)
10/30/2020
C
12,178,320
(4)
(4)
Common Stock
12,178,320
$
0.00
0
I
See Footnote
(5)
Series E Preferred Stock
(6)
10/30/2020
C
2,024,456
(6)
(6)
Common Stock
2,024,456
$
0.00
0
I
See Footnote
(7)
Series E Preferred Stock
(6)
10/30/2020
C
978,891
(6)
(6)
Common Stock
978,891
$
0.00
0
I
See Footnote
(8)
Series E Preferred Stock
(6)
10/30/2020
C
28,683
(6)
(6)
Common Stock
28,683
$
0.00
0
I
See Footnote
(9)
Class B Common Stock
(11)
10/30/2020
J
51,178,410
(11)
(11)
Class A Common Stock
51,178,410
$
0.00
51,178,410
I
See Footnote
(5)
Class B Common Stock
(11)
10/30/2020
J
2,024,456
(11)
(11)
Class A Common Stock
2,024,456
$
0.00
2,024,456
I
See Footnote
(7)
Class B Common Stock
(11)
10/30/2020
J
978,891
(11)
(11)
Class A Common Stock
978,891
$
0.00
978,891
I
See Footnote
(8)
Class B Common Stock
(11)
10/30/2020
J
28,683
(11)
(11)
Class A Common Stock
28,683
$
0.00
28,683
I
See Footnote
(9)
1. Name and Address of Reporting Person
*
DRIVE CAPITAL OVERDRIVE FUND I, L.P.
(Last)
(First)
(Middle)
629 N. HIGH STREET, 6TH FLOOR
(Street)
COLUMBUS
OH
43215
(City)
(State)
(Zip)
1. Name and Address of Reporting Person
*
DRIVE CAPITAL OVERDRIVE FUND I (TE), L.P.
(Last)
(First)
(Middle)
629 N. HIGH STREET, 6TH FLOOR
(Street)
COLUMBUS
OH
43215
(City)
(State)
(Zip)
1. Name and Address of Reporting Person
*
Drive Capital Overdrive Ignition Fund I, L.P.
(Last)
(First)
(Middle)
629 N. HIGH STREET, 6TH FLOOR
(Street)
COLUMBUS
OH
43215
(City)
(State)
(Zip)
1. Name and Address of Reporting Person
*
Drive Capital Overdrive Fund I (GP), LLC
(Last)
(First)
(Middle)
629 N. HIGH STREET, 6TH FLOOR
(Street)
COLUMBUS
OH
43215
(City)
(State)
(Zip)
1. Name and Address of Reporting Person
*
DC I Investment LLC
(Last)
(First)
(Middle)
629 N. HIGH STREET, 6TH FLOOR
(Street)
COLUMBUS
OH
43215
(City)
(State)
(Zip)
1. Name and Address of Reporting Person
*
KVAMME MARK
(Last)
(First)
(Middle)
629 N. HIGH STREET, 6TH FLOOR
(Street)
COLUMBUS
OH
43215
(City)
(State)
(Zip)
Explanation of Responses:
1. The Series A-1 Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date.
2. The Series A-2 Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date.
3. The Series A-3 Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date.
4. The Series B Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date.
5. 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.
6. The Series E Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date.
7. 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.
8. 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.
9. 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.
10. Immediately prior to the completion of the Issuer's initial public offering and following the conversion of each series of the Issuer's convertible preferred stock into Common Stock, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.
11. 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.
Remarks:
This Form 4 is one of two Form 4s filed on the date hereof with respect to these transactions. The Reporting Person for the other Form 4 is Christopher Olsen.
Drive Capital Overdrive Fund I, L.P., by: Drive Capital Overdrive Fund I (GP), LLC, its: General Partner, by: /s/ Christopher Olsen, Managing Member
11/03/2020
Drive Capital Overdrive Fund I (TE), L.P., by: Drive Capital Overdrive Fund I (GP), LLC, its General Partner, by: /s/ Christopher Olsen, Managing Member
11/03/2020
Drive Capital Overdrive Ignition Fund I, L.P., by: Drive Capital Overdrive Fund I (GP), LLC, its General Partner, by: /s/ Christopher Olsen, Managing Member
11/03/2020
Drive Capital Overdrive Fund I (GP), LLC, by: /s/ Christopher Olsen, Managing Member
11/03/2020
DC I Investment LLC, by: Christopher Olsen, Managing Director
11/03/2020
/s/ Mark Kvamme
11/03/2020
** Signature of Reporting Person
Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person,
see
Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Stock View
Indices
by TradingView
