0001209191-20-056799.txt : 20201103 0001209191-20-056799.hdr.sgml : 20201103 20201103201414 ACCESSION NUMBER: 0001209191-20-056799 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20201030 FILED AS OF DATE: 20201103 DATE AS OF CHANGE: 20201103 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: DRIVE CAPITAL OVERDRIVE FUND I, L.P. CENTRAL INDEX KEY: 0001773446 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39658 FILM NUMBER: 201284932 BUSINESS ADDRESS: STREET 1: 629 N. HIGH STREET, SIXTH FLOOR CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: 6142578243 MAIL ADDRESS: STREET 1: 629 N. HIGH STREET, SIXTH FLOOR CITY: COLUMBUS STATE: OH ZIP: 43215 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: DRIVE CAPITAL OVERDRIVE FUND I (TE), L.P. CENTRAL INDEX KEY: 0001773441 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39658 FILM NUMBER: 201284933 BUSINESS ADDRESS: STREET 1: 629 N. HIGH STREET, SIXTH FLOOR CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: 6142578243 MAIL ADDRESS: STREET 1: 629 N. HIGH STREET, SIXTH FLOOR CITY: COLUMBUS STATE: OH ZIP: 43215 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Drive Capital Overdrive Ignition Fund I, L.P. CENTRAL INDEX KEY: 0001799650 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39658 FILM NUMBER: 201284934 BUSINESS ADDRESS: STREET 1: 629 N. HIGH STREET, SIXTH FLOOR CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: 6142578243 MAIL ADDRESS: STREET 1: 629 N. HIGH STREET, SIXTH FLOOR CITY: COLUMBUS STATE: OH ZIP: 43215 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Drive Capital Overdrive Fund I (GP), LLC CENTRAL INDEX KEY: 0001830378 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39658 FILM NUMBER: 201284935 BUSINESS ADDRESS: STREET 1: 629 N. HIGH STREET, 6TH FLOOR CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: 415-694-9581 MAIL ADDRESS: STREET 1: 629 N. HIGH STREET, 6TH FLOOR CITY: COLUMBUS STATE: OH ZIP: 43215 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: DC I Investment LLC CENTRAL INDEX KEY: 0001830765 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39658 FILM NUMBER: 201284936 BUSINESS ADDRESS: STREET 1: 629 N. HIGH STREET, 6TH FLOOR CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: 415-694-9581 MAIL ADDRESS: STREET 1: 629 N. HIGH STREET, 6TH FLOOR CITY: COLUMBUS STATE: OH ZIP: 43215 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KVAMME MARK CENTRAL INDEX KEY: 0001201327 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39658 FILM NUMBER: 201284937 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Root, Inc. CENTRAL INDEX KEY: 0001788882 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 842717903 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 80 E RICH STREET STREET 2: SUITE 500 CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: (614) 591-4568 MAIL ADDRESS: STREET 1: 80 E RICH STREET STREET 2: SUITE 500 CITY: COLUMBUS STATE: OH ZIP: 43215 FORMER COMPANY: FORMER CONFORMED NAME: Root Stockholdings, Inc. DATE OF NAME CHANGE: 20190919 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2020-10-30 0 0001788882 Root, Inc. ROOT 0001773446 DRIVE CAPITAL OVERDRIVE FUND I, L.P. 629 N. HIGH STREET, 6TH FLOOR COLUMBUS OH 43215 0 0 1 0 0001773441 DRIVE CAPITAL OVERDRIVE FUND I (TE), L.P. 629 N. HIGH STREET, 6TH FLOOR COLUMBUS OH 43215 0 0 1 0 0001799650 Drive Capital Overdrive Ignition Fund I, L.P. 629 N. HIGH STREET, 6TH FLOOR COLUMBUS OH 43215 0 0 1 0 0001830378 Drive Capital Overdrive Fund I (GP), LLC 629 N. HIGH STREET, 6TH FLOOR COLUMBUS OH 43215 0 0 1 0 0001830765 DC I Investment LLC 629 N. HIGH STREET, 6TH FLOOR COLUMBUS OH 43215 0 0 1 0 0001201327 KVAMME MARK 629 N. HIGH STREET, 6TH FLOOR COLUMBUS OH 43215 0 0 1 0 Common Stock 2020-10-30 4 C 0 51178410 A 51178410 I See Footnote Common Stock 2020-10-30 4 C 0 2024456 A 2024456 I See Footnote Common Stock 2020-10-30 4 C 0 978891 A 978891 I See Footnote Common Stock 2020-10-30 4 C 0 28683 A 28683 I See Footnote Common Stock 2020-10-30 4 J 0 51178410 D 0 I See Footnote Common Stock 2020-10-30 4 J 0 2024456 D 0 I See Footnote Common Stock 2020-10-30 4 J 0 978891 D 0 I See Footnote Common Stock 2020-10-30 4 J 0 28683 D 0 I See Footnote Series A-1 Preferred Stock 2020-10-30 4 C 0 14949360 0.00 D Common Stock 14949360 0 I See Footnote Series A-2 Preferred Stock 2020-10-30 4 C 0 13602870 0.00 D Common Stock 13602870 0 I See Footnote Series A-3 Preferred Stock 2020-10-30 4 C 0 10447860 0.00 D Common Stock 10447860 0 I See Footnote Series B Preferred Stock 2020-10-30 4 C 0 12178320 0.00 D Common Stock 12178320 0 I See Footnote Series E Preferred Stock 2020-10-30 4 C 0 2024456 0.00 D Common Stock 2024456 0 I See Footnote Series E Preferred Stock 2020-10-30 4 C 0 978891 0.00 D Common Stock 978891 0 I See Footnote Series E Preferred Stock 2020-10-30 4 C 0 28683 0.00 D Common Stock 28683 0 I See Footnote Class B Common Stock 2020-10-30 4 J 0 51178410 0.00 A Class A Common Stock 51178410 51178410 I See Footnote Class B Common Stock 2020-10-30 4 J 0 2024456 0.00 A Class A Common Stock 2024456 2024456 I See Footnote Class B Common Stock 2020-10-30 4 J 0 978891 0.00 A Class A Common Stock 978891 978891 I See Footnote Class B Common Stock 2020-10-30 4 J 0 28683 0.00 A Class A Common Stock 28683 28683 I See Footnote The Series A-1 Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date. The Series A-2 Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date. The Series A-3 Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date. The Series B Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date. 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. The Series E Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date. 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. 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. 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. Immediately prior to the completion of the Issuer's initial public offering and following the conversion of each series of the Issuer's convertible preferred stock into Common Stock, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7. 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. 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. Drive Capital Overdrive Fund I, L.P., by: Drive Capital Overdrive Fund I (GP), LLC, its: General Partner, by: /s/ Christopher Olsen, Managing Member 2020-11-03 Drive Capital Overdrive Fund I (TE), L.P., by: Drive Capital Overdrive Fund I (GP), LLC, its General Partner, by: /s/ Christopher Olsen, Managing Member 2020-11-03 Drive Capital Overdrive Ignition Fund I, L.P., by: Drive Capital Overdrive Fund I (GP), LLC, its General Partner, by: /s/ Christopher Olsen, Managing Member 2020-11-03 Drive Capital Overdrive Fund I (GP), LLC, by: /s/ Christopher Olsen, Managing Member 2020-11-03 DC I Investment LLC, by: Christopher Olsen, Managing Director 2020-11-03 /s/ Mark Kvamme 2020-11-03