0001209191-22-048613.txt : 20220902 0001209191-22-048613.hdr.sgml : 20220902 20220902203948 ACCESSION NUMBER: 0001209191-22-048613 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220831 FILED AS OF DATE: 20220902 DATE AS OF CHANGE: 20220902 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bonakdarpour Mahtiyar CENTRAL INDEX KEY: 0001913361 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39658 FILM NUMBER: 221226634 MAIL ADDRESS: STREET 1: 80 E. RICH STREET, SUITE 500 CITY: COLUMBUS STATE: OH ZIP: 43215 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 2022-08-31 0 0001788882 Root, Inc. ROOT 0001913361 Bonakdarpour Mahtiyar C/O ROOT, INC. 80 E. RICH STREET, SUITE 500 COLUMBUS OH 43215 0 1 0 0 Chief Technology Officer Class A Common Stock 2022-08-31 4 C 0 168444 A 168444 I See Footnote Class A Common Stock 266064 D Class B Common Stock 2022-08-31 4 C 0 168444 0.00 D Class A Common Stock 168444 0 I See Footnote These shares were converted from Class B Common Stock into Class A Common Stock on a one-for-one basis for no consideration. The issuer effected a 1-for-18 reverse stock split of its Class A Common Stock and Class B Common Stock on August 12, 2022. The number of securities reported on this Form 4 has been adjusted to reflect the reverse stock split. 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. 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. /s/ Jodi Baker, Attorney-in-fact 2022-09-02