Elliot Geidt - 14 Jun 2021 Form 4 Insider Report for Root, Inc. (ROOT)

Role
Director
Signature
/s/ Elliot Geidt
Issuer symbol
ROOT
Transactions as of
14 Jun 2021
Net transactions value
$0
Form type
4
Filing time
16 Jun 2021, 20:19:53 UTC
SEC
View on sec.gov

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 +3,671,263 $0.000000 3,671,263 14 Jun 2021 By Redpoint Omega II, L.P. F1
transaction ROOT Class A Common Stock Conversion of derivative security $0 +113,541 $0.000000 113,541 14 Jun 2021 By Redpoint Omega Associates II, LLC F2
transaction ROOT Class A Common Stock Other $0 -3,671,263 -100% $0.000000* 0 14 Jun 2021 By Redpoint Omega II, L.P. F1, F3
transaction ROOT Class A Common Stock Other $0 -113,541 -100% $0.000000* 0 14 Jun 2021 By Redpoint Omega Associates II, LLC F2, F4
transaction ROOT Class A Common Stock Other $0 +945,350 $0.000000 945,350 14 Jun 2021 By Redpoint Omega II, LLC F5, F6
transaction ROOT Class A Common Stock Other $0 -945,350 -100% $0.000000* 0 14 Jun 2021 By Redpoint Omega II, LLC F6, F7
transaction ROOT Class A Common Stock Other $0 +41,177 $0.000000 41,177 14 Jun 2021 Direct F8

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 -3,671,263 -25% $0.000000 11,013,790 14 Jun 2021 Class A Common Stock 3,671,263 $0.000000 By Redpoint Omega II, L.P. F1, F9
transaction ROOT Class B Common Stock Conversion of derivative security $0 -113,541 -25% $0.000000 340,624 14 Jun 2021 Class A Common Stock 113,541 $0.000000 By Redpoint Omega Associates II, LLC F2, F9
* 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. The Reporting Person is a member of RO II LLC and disclaims beneficial ownership of the shares held by RO II except to the extent of his pecuniary interest therein.
F2 These shares are owned directly by Redpoint Omega Associates II, LLC ("ROA LLC"). The Reporting Person is a member of ROA LLC and disclaims beneficial ownership of the shares held by ROA LLC except to the extent of his 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 These shares are owned directly by RO II LLC. The Reporting Person is a member of RO II LLC and disclaims beneficial ownership of the shares held by RO II LLC except to the extent of his pecuniary interest therein.
F7 Represents a pro rata in kind distribution of Class A Common Stock of the Issuer by RO II LLC without consideration to its members.
F8 Represents the receipt of shares in the pro rata in kind distributions without consideration by RO II LLC and ROA LLC described in footnotes (4) and (7).
F9 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.