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

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
16 Jun 2021, 20:18:41 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Redpoint Omega II, L.P. by its General Partner, Redpoint Omega II, LLC By: /s/ Elliot Geidt, Manager

Key filing fact

Redpoint Omega II, L.P. filed Form 4 for Root, Inc. (ROOT) on 16 Jun 2021.

Key facts

  • This page summarizes Redpoint Omega II, L.P.'s Form 4 filing for Root, Inc. (ROOT).
  • 8 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 16 Jun 2021, 20:18.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ROOT transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+3,671,263
Change %
Price
$0.000000
Shares after
3,671,263
Date
14 Jun 2021
Ownership
By Redpoint Omega II, L.P.
Footnotes
F1
ROOT transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+113,541
Change %
Price
$0.000000
Shares after
113,541
Date
14 Jun 2021
Ownership
By Redpoint Omega Associates II, LLC
Footnotes
F2
ROOT transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-3,671,263
Change %
-100%
Price
$0.000000*
Shares after
0
Date
14 Jun 2021
Ownership
By Redpoint Omega II, L.P.
Footnotes
F1, F3
ROOT transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-113,541
Change %
-100%
Price
$0.000000*
Shares after
0
Date
14 Jun 2021
Ownership
By Redpoint Omega Associates II, LLC
Footnotes
F2, F4
ROOT transaction

Class A Common Stock

Other

Transaction value
$0
Shares
+945,350
Change %
Price
$0.000000
Shares after
945,350
Date
14 Jun 2021
Ownership
By Redpoint Omega II, LLC
Footnotes
F5
ROOT transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-945,350
Change %
-100%
Price
$0.000000*
Shares after
0
Date
14 Jun 2021
Ownership
By Redpoint Omega II, LLC
Footnotes
F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ROOT transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-3,671,263
Change %
-25%
Price
$0.000000
Shares after
11,013,790
Date
14 Jun 2021
Ownership
By Redpoint Omega II, L.P.
Underlying class
Class A Common Stock
Underlying amount
3,671,263
Exercise price
$0.000000
Footnotes
F1, F7
ROOT transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-113,541
Change %
-25%
Price
$0.000000
Shares after
340,624
Date
14 Jun 2021
Ownership
By Redpoint Omega Associates II, LLC
Underlying class
Class A Common Stock
Underlying amount
113,541
Exercise price
$0.000000
Footnotes
F2, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote 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.

Footnote 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.

Footnote F3

Represents a pro rata in kind distribution without consideration by RO II to its partners, including its general partner, RO II LLC.

Footnote F4

Represents a pro rata in kind distribution without consideration by ROA LLC to its members and managers.

Footnote 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.

Footnote 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.

Footnote 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.

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