0000899243-20-030215.txt : 20201103
0000899243-20-030215.hdr.sgml : 20201103
20201103160510
ACCESSION NUMBER: 0000899243-20-030215
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: SVB FINANCIAL GROUP
CENTRAL INDEX KEY: 0000719739
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39658
FILM NUMBER: 201283504
BUSINESS ADDRESS:
STREET 1: 3003 TASMAN DR
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
BUSINESS PHONE: 4086547400
MAIL ADDRESS:
STREET 1: 3003 TASMAN DRIVE
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
FORMER NAME:
FORMER CONFORMED NAME: SILICON VALLEY BANCSHARES
DATE OF NAME CHANGE: 19920703
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
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