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Filing Details

Accession Number:: 0000950170-25-061296
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-04-30 18:15:24
Reporting Period:: 2025-04-28

Filing Date:: 2025-04-30
Accepted Time:: 2025-04-30 18:15:24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1788882	Root Inc.	ROOT	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1571355	Meyer Malka	C/O Ribbit Capital 364 University Ave. Palo Alto CA 94301		No	No	No	No
1697450	Ribbit Capital Iv, L.p.	C/O Ribbit Capital 364 University Ave. Palo Alto CA 94301		No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2025-04-28	728,800	$0.00	728,800	No	4	C	Indirect	By Funds
Class A Common Stock	Disposition	2025-04-30	223,978	$135.80	504,822	No	4	S	Indirect	By Funds
Class A Common Stock	Disposition	2025-04-30	297	$137.16	504,525	No	4	S	Indirect	By Funds
Class A Common Stock	Disposition	2025-04-30	725	$139.26	503,800	No	4	S	Indirect	By Funds

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By Funds
No	4	S	Indirect	By Funds
No	4	S	Indirect	By Funds
No	4	S	Indirect	By Funds

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2025-04-28	728,800	$0.00	728,800	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
728,807			No	4	C	Indirect

Footnotes

Represents 728,800 shares converted by Ribbit Capital IV, L.P. ("Fund IV"), for itself and as nominee for Ribbit Founder Fund IV, L.P. ("FF IV"), from Class B Common Stock into Class A Common Stock on a one-for-one basis for no consideration. Following the reported transaction, 728,800 shares of Class A Common Stock are owned by Fund IV, for itself and as nominee for FF IV, 492,983 shares of Class B Common Stock are held by Fund IV, for itself and as nominee for FF IV and 235,824 shares of Class B Common Stock are held by RT-E Ribbit Opportunity IV, LLC ("Ribbit RT-E").
Shares are owned of record by (i) Fund IV, for itself and as nominee for FF IV and (ii) Ribbit RT-E. Meyer Malka is the sole director of Ribbit Capital GP IV, Ltd., which is the general partner of the general partner of Fund IV and FF IV and the general partner of the managing member of RT-E. Each of the Reporting Persons disclaims beneficial ownership of such shares for purposes of Section 16 except to the extent of his or its pecuniary interest therein, if any, and this report shall not be deemed an admission that any of the Reporting Persons is a beneficial owner of such shares for purposes of Section 16 or for any other purpose.
Represents an aggregate of 225,000 shares sold by Fund IV, for itself and as nominee for FF IV. Following the reported transactions, 503,800 shares of Class A Common Stock are held by Fund IV, for itself and as nominee for Fund IV.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $135.80 to $136.71, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price at which the transactions were effected.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $137.00 to $137.49, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price at which the transactions were effected.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $138.62 to $139.29, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price at which the transactions were effected.
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.