Mahtiyar Bonakdarpour - Aug 22, 2023 Form 4 Insider Report for Root, Inc. (ROOT)

Role
Chief Technology Officer
Signature
/s/ Jodi Baker, Attorney-in-fact
Stock symbol
ROOT
Transactions as of
Aug 22, 2023
Transactions value $
$162,826
Form type
4
Date filed
8/24/2023, 05:32 PM
Previous filing
Aug 11, 2023
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROOT Class A Common Stock Purchase $85.2K +9.49K +3.35% $8.99 293K Aug 22, 2023 Direct F1
transaction ROOT Class A Common Stock Purchase $70.6K +7.21K +2.47% $9.78 300K Aug 23, 2023 Direct F2
transaction ROOT Class A Common Stock Purchase $7.01K +713 +0.24% $9.83 300K Aug 24, 2023 Direct F3
holding ROOT Class A Common Stock 168K Aug 22, 2023 See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were purchased at prices ranging from $8.93 to $9.00. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares purchased at each separate price.
F2 The shares were purchased at prices ranging from $9.21 to $9.85. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares purchased at each separate price.
F3 The shares were purchased at prices ranging from $9.77 to $9.85. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares purchased at each separate price.
F4 These shares are held by Drive Capital Overdrive Fund I, L.P. ("DCOF I") (112,469), Drive Capital Overdrive Fund I (TE), L.P. ("DCOF I TE") (54,382), and Drive Capital Overdrive Ignition Fund I, L.P. ("DCOIF I") (1,593). Drive Capital Overdrive Fund I (GP), LLC ("DCOIF I GP"), the general partner of each of DCOF I, DCOF I TE and DEOIF I, may be deemed to have sole power to vote these shares. The Reporting Person's spouse does not have voting or investment control over these shares but may be deemed to have an indirect pecuniary interest in such shares through her carried interest in DCOIF I GP. The Reporting Person's exact pecuniary interest is not readily determinable because it is subject to several variables. The Reporting Person disclaims beneficial ownership of any of these shares except to the extent of his spouse's pecuniary interest therein.