Root, Inc. — Director's Dealing 2020

Nov 4, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Root, Inc. (ROOT)
CIK: 0001788882
Period of Report: 2020-10-30

Reporting Person: Redpoint Omega II, L.P. (10% Owner)
Reporting Person: Redpoint Omega Associates II, LLC (10% Owner)
Reporting Person: Redpoint Omega II, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-30	Common Stock	C	15139218	—	Acquired	15139218	Indirect
2020-10-30	Common Stock	J	15139218	—	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-30	Series C Preferred Stock	$	C	13869030	Disposed		Common Stock (13869030)	Indirect
2020-10-30	Series D Preferred Stock	$	C	966985	Disposed		Common Stock (966985)	Indirect
2020-10-30	Series E Preferred Stock	$	C	303203	Disposed		Common Stock (303203)	Indirect
2020-10-30	Class B Common Stock	$	J	15139218	Acquired		Class A Common Stock (15139128)	Indirect

Footnotes

F1: The Series C Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date.

F2: The Series D Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date.

F3: The Series E Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date.

F4: Includes 14,685,053 shares held by Redpoint Omega II, L.P. ("RO II") and 454,165 shares held by Redpoint Omega Associates II, LLC ("ROA II").

F5: Redpoint Omega II, LLC ("RO II LLC"), is the sole general partner of RO II. RO II LLC and ROA LLC are under common control. As such, RO II LLC has sole voting and investment control over the shares owned by RO II, and may be deemed to beneficially own the shares held by RO II. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein, except to the extent of its respective pecuniary interest therein.

F6: Immediately prior to the completion of the Issuer's initial public offering and following the conversion of each series of the Issuer's convertible preferred stock into Common Stock, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.

F7: Includes 13,452,970 shares held by RO II and 416,060 shares held by ROA II.

F8: Includes 937,976 shares held by RO II and 29,009 shares held by ROA II.

F9: Includes 294,107 shares held by RO II and 9,096 shares held by ROA II.

F10: 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.