Redpoint Omega II, L.P. - Jun 14, 2021 Form 4 Insider Report for Root, Inc. (ROOT)

Role
10%+ Owner
Signature
Redpoint Omega II, L.P. by its General Partner, Redpoint Omega II, LLC By: /s/ Elliot Geidt, Manager
Stock symbol
ROOT
Transactions as of
Jun 14, 2021
Transactions value $
$0
Form type
4
Date filed
6/16/2021, 08:18 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROOT Class A Common Stock Conversion of derivative security $0 +3.67M $0.00 3.67M Jun 14, 2021 By Redpoint Omega II, L.P. F1
transaction ROOT Class A Common Stock Conversion of derivative security $0 +114K $0.00 114K Jun 14, 2021 By Redpoint Omega Associates II, LLC F2
transaction ROOT Class A Common Stock Other $0 -3.67M -100% $0.00* 0 Jun 14, 2021 By Redpoint Omega II, L.P. F1, F3
transaction ROOT Class A Common Stock Other $0 -114K -100% $0.00* 0 Jun 14, 2021 By Redpoint Omega Associates II, LLC F2, F4
transaction ROOT Class A Common Stock Other $0 +945K $0.00 945K Jun 14, 2021 By Redpoint Omega II, LLC F5
transaction ROOT Class A Common Stock Other $0 -945K -100% $0.00* 0 Jun 14, 2021 By Redpoint Omega II, LLC F6

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
transaction ROOT Class B Common Stock Conversion of derivative security $0 -3.67M -25% $0.00 11M Jun 14, 2021 Class A Common Stock 3.67M $0.00 By Redpoint Omega II, L.P. F1, F7
transaction ROOT Class B Common Stock Conversion of derivative security $0 -114K -25% $0.00 341K Jun 14, 2021 Class A Common Stock 114K $0.00 By Redpoint Omega Associates II, LLC F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are owned directly by Redpoint Omega II, L.P. ("RO II"). Redpoint Omega II, LLC ("RO II LLC"), is the sole general partner of RO II. As such, RO II LLC has sole voting and investment control over the shares owned by RO II, and may be deemed to beneficially own the shares held by RO II. RO II and Redpoint Omega Associates II, LLC ("ROA LLC") are under common control. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein, except to the extent of its respective pecuniary interest therein.
F2 These shares are owned directly by ROA LLC. RO II and ROA LLC are under common control. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein, except to the extent of its respective pecuniary interest therein.
F3 Represents a pro rata in kind distribution without consideration by RO II to its partners, including its general partner, RO II LLC.
F4 Represents a pro rata in kind distribution without consideration by ROA LLC to its members and managers.
F5 Represents the receipt of shares in the pro rata in kind distribution of Class A Common Stock of the Issuer by RO II described in footnote 3.
F6 Represents a pro rata in kind distribution of Class A Common Stock of the Issuer by RO II LLC without consideration to its members.
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.