X0306 4 2020-10-30 0 0001788882 Root, Inc. ROOT 0000719739 SVB FINANCIAL GROUP 3003 TASMAN DRIVE SANTA CLARA CA 95054 0 0 1 0 Class A Common Stock 2020-10-30 4 C 0 12540250 A 12540250 I See Footnote Class A Common Stock 2020-10-30 4 S 0 1254025 25.515 D 11286225 I See Footnote Class A Common Stock 2020-10-30 4 C 0 3120530 A 3120530 I See Footnote Class A Common Stock 2020-10-30 4 S 0 312530 25.515 D 2808000 I See Footnote Class A Common Stock 2020-10-30 4 X 0 500000 0.8114 A 500000 D Class A Common Stock 2020-10-30 4 X 0 97960 0.373 A 597960 D Class A Common Stock 2020-10-30 4 S 0 597960 25.515 D 0 D Series B Preferred Stock 2020-10-30 4 C 0 8379540 0.00 D Class B Common Stock 8379540 0 I See Footnote Series C Preferred Stock 2020-10-30 4 C 0 4160710 0.00 D Class B Common Stock 4160710 0 I See Footnote Series C Preferred Stock 2020-10-30 4 C 0 3120530 0.00 D Class B Common Stock 3120530 0 I See Footnote Series A-3 Preferred Warrant (Right to Buy) 0.2871 2020-10-30 4 X 0 500000 0.00 D 2026-07-07 Class B Common Stock 500000 0 D Series B Preferred Warrant (Right to Buy) 0.8114 2020-10-30 4 X 0 97960 0.00 D 2027-12-20 Class B Common Stock 97960 0 D Each share of Series B Preferred Stock and Series C Preferred Stock (a) automatically converted into shares of Class B Common Stock at the applicable conversion ratio set forth in the Issuer's certificate of incorporation immediately prior to the completion of the Issuer's initial public offering of Class B Common Stock and (b) has no expiration date. Each outstanding share of Class B Common Stock held by the Reporting Person converted into one share of Class A Common Stock following the completion of the Issuer's initial public offering. These securities are held directly by Capital Partners III, L.P.. The Reporting Person is the managing member of SVB Capital Partners III, LLC, the general partner of Capital Partners III, L.P.. The Reporting Person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. These securities are held directly by Venture Overage Fund, L.P.. The Reporting Person is the managing member of SVB Capital Venture Overage, LLC, the general partner of the Reporting Person. The Reporting Person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. The Series A-3 Preferred Warrant and the Series B Preferred Warrant are exercisable in full within 60 days of the date hereof. The Reporting Person is a reporting company listed on the Nasdaq Global Select Market. Certain employees of Silicon Valley Bank, a wholly-owned subsidiary of the Reporting Person, have voting and dispositive power with respect to these shares. SVB Financial Group, By: /s/ Karen Hon, Chief Accounting Officer (Principal Accounting Officer) 2020-11-03