CARVANA CO. - 01 Oct 2021 Form 3 Insider Report for Root, Inc. (ROOT)

Role
10%+ Owner
Signature
Carvana Group LLC, By: Carvana Co. Sub, LLC, its Sole Manager, By Carvana Co., its Sole Manager, By: /s/ Paul Breaux, Vice President, General Counsel and Secretary
Issuer symbol
ROOT
Transactions as of
01 Oct 2021
Net transactions value
$0
Form type
3
Filing time
08 Oct 2021, 15:29:22 UTC
Next filing
06 Sep 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding ROOT Series A Convertible Preferred Stock 01 Oct 2021 Class A Common Stock 14,053,096 $9.00 See Footnotes F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Series A Convertible Preferred Stock (the "Preferred Stock") is convertible at any time, at the holder's election, and has no expiration date.
F2 Represents Preferred Stock held directly by Carvana Group, LLC. Carvana Co. exercises voting and dispositive power over the Preferred Stock.