0001209191-20-056059.txt : 20201027
0001209191-20-056059.hdr.sgml : 20201027
20201027211605
ACCESSION NUMBER: 0001209191-20-056059
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201027
FILED AS OF DATE: 20201027
DATE AS OF CHANGE: 20201027
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: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39658
FILM NUMBER: 201265898
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: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39658
FILM NUMBER: 201265899
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: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39658
FILM NUMBER: 201265900
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: KVAMME MARK
CENTRAL INDEX KEY: 0001201327
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39658
FILM NUMBER: 201265901
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
3
1
doc3.xml
FORM 3 SUBMISSION
X0206
3
2020-10-27
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
0001201327
KVAMME MARK
629 N. HIGH STREET, 6TH FLOOR
COLUMBUS
OH
43215
0
0
1
0
Series A-1 Preferred Stock
Common Stock
14949360
I
See Footnote
Series A-2 Preferred Stock
Common Stock
13602870
I
See Footnote
Series A-3 Preferred Stock
Common Stock
10447860
I
See Footnote
Series B Preferred Stock
Common Stock
12178320
I
See Footnote
Series E Preferred Stock
Common Stock
2024456
I
See Footnote
Series E Preferred Stock
Common Stock
978891
I
See Footnote
Series E Preferred Stock
Common Stock
28683
I
See Footnote
The Series A-1 Preferred Stock is convertible into Common Stock on a 1:1 basis and has no expiration date. Immediately prior to the closing of the Issuer's initial public offering, all shares of Series A-1 Preferred Stock will be converted into shares of Common Stock.
Each share of Common Stock shall be reclassified into one share of Class B Common Stock immediately prior to the closing of the Issuer's initial public offering of Class A Common Stock.
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 A-2 Preferred Stock is convertible into Common Stock on a 1:1 basis and has no expiration date. Immediately prior to the closing of the Issuer's initial public offering, all shares of Series A-2 Preferred Stock will be converted into shares of Common Stock.
The Series A-3 Preferred Stock is convertible into Common Stock on a 1:1 basis and has no expiration date. Immediately prior to the closing of the Issuer's initial public offering, all shares of Series A-3 Preferred Stock will be converted into shares of Common Stock.
The Series B Preferred Stock is convertible into Common Stock on a 1:1 basis and has no expiration date. Immediately prior to the closing of the Issuer's initial public offering, all shares of Series B Preferred Stock will be converted into shares of Common Stock.
The Series E Preferred Stock is convertible into Common Stock on a 1:1 basis and has no expiration date. Immediately prior to the closing of the Issuer's initial public offering, all shares of Series E Preferred Stock will be converted into shares of Common Stock.
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.
This Form 3 is one of two Form 3s filed on the date hereof in respect of these shares. The Reporting Person for the other Form 3 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
2020-10-27
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
2020-10-27
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
2020-10-27
/s/ Mark Kvamme
2020-10-27