Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ROOT | Class A Common Stock | Conversion of derivative security | +5.12M | 5.12M | May 17, 2021 | See Footnote | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ROOT | Class B Common Stock | Conversion of derivative security | $0 | -5.12M | -10% | $0.00 | 46.1M | May 17, 2021 | Class A Common Stock | 5.12M | See Footnote | F2, F3 | |
holding | ROOT | Class B Common Stock | 2.02M | May 17, 2021 | Class A Common Stock | 2.02M | See Footnote | F3, F4 | ||||||
holding | ROOT | Class B Common Stock | 979K | May 17, 2021 | Class A Common Stock | 979K | See Footnote | F3, F5 | ||||||
holding | ROOT | Class B Common Stock | 28.7K | May 17, 2021 | Class A Common Stock | 28.7K | See Footnote | F3, F6 |
Id | Content |
---|---|
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 | 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. |
F4 | 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. |
F5 | 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. |
F6 | 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. |
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.