Root, Inc. - Major Shareholding Notification 2021

SC 13G 1 tm215137d6_sc13g.htm SC 13G

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Schedule 13G (Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)

(Amendment No. __)*

| Root,
Inc. |
| --- |
| (Name of Issuer) |
| Class A Common Stock |
| (Title of Class of Securities) |
| 77664L108 |
| (CUSIP Number) |
| December 31, 2020 |
| (Date of Event Which Requires Filing of this Statement) |

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨	Rule 13d-1(b)
¨	Rule 13d-1(c)
x	Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(Continued on following pages)

Page 1 of 16

Exhibit Index on Page 14

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CUSIP # 77664L108 Page 2 of 16

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1	NAME OF REPORTING PERSONS Drive Capital Overdrive Fund I, L.P. (“DCOF I”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware

| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | SOLE VOTING POWER 2,024,456 shares of Class A Common Stock issuable upon the conversion
of Class B Common Stock that can be converted at any time, except that Drive Capital Overdrive Fund I (GP), LLC (“DCOF I
GP”), the general partner of DCOF I, may be deemed to have sole power to vote these shares, Drive Capital, LLC (“DC”),
the manager of DCOF I GP, may be deemed to have sole power to vote these shares, and Chris Olsen (“Olsen”) and Mark
Kvamme (“Kvamme”) the members of DC, may be deemed to have shared power to vote these shares. |
| --- | --- |
| 6 | SHARED VOTING POWER See response to row 5. |
| 7 | SOLE DISPOSITIVE POWER 2,024,456 shares of Class A Common Stock issuable upon the conversion
of Class B Common Stock that can be converted at any time, except that DCOF I GP, the general partner of DCOF I, may be deemed
to have sole power to dispose of these shares, and Olsen and Kvamme, the members of the investment committee of DCOF I GP, may
be deemed to have shared power to dispose of these shares. |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,024,456
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES ¨
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.3% 1 2
12	TYPE OF REPORTING PERSON PN

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1 Based on 59,443,588 shares of Class A Common Stock outstanding as of November 24, 2020, as reported by the Issuer on its Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, plus the number of shares of Class A Common Stock issuable upon conversion of the Class B Common Stock held by the Reporting Person.

2 Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. The percentage reported does not reflect the ten for one voting power of the Class B Common Stock.

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CUSIP # 77664L108 Page 3 of 16

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1	NAME OF REPORTING PERSONS Drive Capital Overdrive Fund I (TE), L.P. (“DCOF I TE”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware

| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | SOLE VOTING POWER 978,891 shares of Class A Common Stock issuable upon the conversion
of Class B Common Stock that can be converted at any time, except that Drive Capital Overdrive Fund I (GP), LLC (“DCOF I
GP”), the general partner of DCOF I TE, may be deemed to have sole power to vote these shares, Drive Capital, LLC (“DC”),
the manager of DCOF I GP, may be deemed to have sole power to vote these shares, and Chris Olsen (“Olsen”) and Mark
Kvamme (“Kvamme”) the members of DC, may be deemed to have shared power to vote these shares. |
| --- | --- |
| 6 | SHARED VOTING POWER See response to row 5. |
| 7 | SOLE DISPOSITIVE POWER 978,891 shares of Class A Common Stock issuable upon the conversion
of Class B Common Stock that can be converted at any time, except that DCOF I GP, the general partner of DCOF I TE, may be deemed
to have sole power to dispose of these shares, and Olsen and Kvamme, the members of the investment committee of DCOF I GP, may
be deemed to have shared power to dispose of these shares. |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 978,891
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES ¨
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.6% 3 4
12	TYPE OF REPORTING PERSON PN

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3 Based on 59,443,588 shares of Class A Common Stock outstanding as of November 24, 2020, as reported by the Issuer on its Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, plus the number of shares of Class A Common Stock issuable upon conversion of the Class B Common Stock held by the Reporting Person.

4 Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. The percentage reported does not reflect the ten for one voting power of the Class B Common Stock.

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CUSIP # 77664L108 Page 4 of 16

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| 1 | NAME OF REPORTING PERSONS Drive Capital Overdrive Ignition Fund I, L.P. (“DCOIF
I”) |
| --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |

| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | SOLE VOTING POWER 28,683 shares of Class A Common Stock issuable upon the conversion
of Class B Common Stock that can be converted at any time, except that Drive Capital Overdrive Fund I (GP), LLC (“DCOIF I
GP”), the general partner of DCOF Ignite I, may be deemed to have sole power to vote these shares, Drive Capital, LLC (“DC”),
the manager of DCOF I GP, may be deemed to have sole power to vote these shares, and Chris Olsen (“Olsen”) and Mark
Kvamme (“Kvamme”) the members of DC, may be deemed to have shared power to vote these shares. |
| --- | --- |
| 6 | SHARED VOTING POWER See response to row 5. |
| 7 | SOLE DISPOSITIVE POWER 28,683 shares of Class A Common Stock issuable upon the conversion
of Class B Common Stock that can be converted at any time, except that DCOF I GP, the general partner of DCOIF I, may be deemed
to have sole power to dispose of these shares, and Olsen and Kvamme, the members of the investment committee of DCOF I GP, may
be deemed to have shared power to dispose of these shares. |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 28,683
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES ¨
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.0% 5 6
12	TYPE OF REPORTING PERSON PN

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5 Based on 59,443,588 shares of Class A Common Stock outstanding as of November 24, 2020, as reported by the Issuer on its Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, plus the number of shares of Class A Common Stock issuable upon conversion of the Class B Common Stock held by the Reporting Person.

6 Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. The percentage reported does not reflect the ten for one voting power of the Class B Common Stock.

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1	NAME OF REPORTING PERSONS Drive Capital Overdrive Fund I (GP), LLC (“DCOF I GP”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware

| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | SOLE VOTING POWER 3,032,030 shares of Class A Common Stock issuable upon the conversion
of Class B Common Stock that can be converted at any time, of which 2,024,456 shares are directly owned by Drive Capital Overdrive
Fund I, L.P. (“DCOF I”), 978,891 shares are directly owned by Drive Capital Overdrive Fund I (TE), L.P. (“DCOF
I TE”) and 28,683 shares are directly owned by Drive Capital Overdrive Ignition Fund I, L.P. (“DCOIF I”). Drive
Capital, LLC (“DC”), the manager of DCOF I GP, may be deemed to have sole power to vote these shares, and Chris Olsen
(“Olsen”) and Mark Kvamme (“Kvamme”) the members of DC, may be deemed to have shared power to vote these
shares. |
| --- | --- |
| 6 | SHARED VOTING POWER See response to row 5. |
| 7 | SOLE DISPOSITIVE POWER 3,032,030 shares of Class A Common Stock issuable upon the conversion
of Class B Common Stock that can be converted at any time, of which 2,024,456 shares are directly owned by DCOF I, 978,891 shares
are directly owned by DCOF I TE and 28,683 shares are directly owned by DCOIF I. Olsen and Kvamme, the members of the investment
committee of DCOF I GP, may be deemed to have shared power to dispose of these shares. |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,032,030
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES ¨
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.9% 7 8
12	TYPE OF REPORTING PERSON OO

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7 Based on 59,443,588 shares of Class A Common Stock outstanding as of November 24, 2020, as reported by the Issuer on its Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, plus the number of shares of Class A Common Stock issuable upon conversion of the Class B Common Stock held by the Reporting Person.

8 Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. The percentage reported does not reflect the ten for one voting power of the Class B Common Stock.

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CUSIP # 77664L108 Page 6 of 16

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1	NAME OF REPORTING PERSONS Drive Capital, LLC (“DC”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,032,030
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES ¨
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.9% 9 10
12	TYPE OF REPORTING PERSON OO

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9 Based on 59,443,588 shares of Class A Common Stock outstanding as of November 24, 2020, as reported by the Issuer on its Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, plus the number of shares of Class A Common Stock issuable upon conversion of the Class B Common Stock held by the Reporting Person.

10 Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. The percentage reported does not reflect the ten for one voting power of the Class B Common Stock.

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1	NAME OF REPORTING PERSONS DC I Investment LLC (“DC I Investment”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware

| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | SOLE VOTING POWER 51,178,410 shares of Class A Common Stock issuable upon the
conversion of Class B Common Stock that can be converted at any time, except that Chris Olsen, the managing director of DC I Investment,
may be deemed to have sole power to vote these shares. |
| --- | --- |
| 6 | SHARED VOTING POWER See response to row 5. |
| 7 | SOLE DISPOSITIVE POWER 51,178,410 shares of Class A Common Stock issuable upon the
conversion of Class B Common Stock that can be converted at any time, except that Chris Olsen, the managing director of DC I Investment,
may be deemed to have sole power to dispose of these shares. |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 51,178,410
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES ¨
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 46.3% 11 12
12	TYPE OF REPORTING PERSON OO

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11 Based on 59,443,588 shares of Class A Common Stock outstanding as of November 24, 2020, as reported by the Issuer on its Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, plus the number of shares of Class A Common Stock issuable upon conversion of the Class B Common Stock held by the Reporting Person.

12 Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. The percentage reported does not reflect the ten for one voting power of the Class B Common Stock.

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1	NAME OF REPORTING PERSONS Mark Kvamme (“Kvamme”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION United States

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	SOLE VOTING POWER See response to row 6.
6	SHARED VOTING POWER 3,032,030 shares of Class A Common Stock issuable upon the conversion
of Class B Common Stock that can be converted at any time, of which 2,024,456 shares are directly owned by Drive Capital Overdrive
Fund I, L.P. (“DCOF I”), 978,891 shares are directly owned by Drive Capital Overdrive Fund I (TE), L.P. (“DCOF
I TE”) and 28,683 shares are directly owned by Drive Capital Overdrive Ignition Fund I, L.P. (“DCOIF I”). Kvamme
is a member of Drive Capital, LLC (“DC”), which is the manager of Drive Capital Overdrive Fund I (GP), LLC (“DCOF
I GP”), which is the general partner of DCOF I, DCOF I TE and DCOIF I. Kvamme may be deemed to have shared power to vote
these shares.
7	SOLE DISPOSITIVE POWER See response to row 8.
8	SHARED DISPOSITIVE POWER 3,032,030 shares of Class A Common Stock issuable upon the conversion
of Class B Common Stock that can be converted at any time, of which 2,024,456 shares are directly owned by DCOF I, 978,891 shares
are directly owned by DCOF I TE and 28,683 shares are directly owned by DCOIF I. Kvamme is a member of the investment committee
of DCOF I GP, which is the general partner of DCOF I, DCOF I TE and DCOIF I. Kvamme may be deemed to have shared power to dispose
of these shares.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,032,030
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES ¨
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.9% 13 14
12	TYPE OF REPORTING PERSON IN

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13 Based on 59,443,588 shares of Class A Common Stock outstanding as of November 24, 2020, as reported by the Issuer on its Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, plus the number of shares of Class A Common Stock issuable upon conversion of the Class B Common Stock held by the Reporting Person.

14 Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. The percentage reported does not reflect the ten for one voting power of the Class B Common Stock.

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CUSIP # 77664L108 Page 9 of 16

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1	NAME OF REPORTING PERSONS Chris Olsen (“Olsen”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION United States

| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | SOLE VOTING POWER 51,178,410 shares of Class A Common Stock issuable upon the
conversion of Class B Common Stock that can be converted at any time, all of which is directly owned by DC I Investment LLC (“DC
I Investment”). Olsen, the managing director of DC I Investment, may be deemed to have sole power to vote these shares. |
| --- | --- |
| 6 | SHARED VOTING POWER 3,032,030 shares of Class A Common Stock issuable upon the conversion
of Class B Common Stock that can be converted at any time, of which 2,024,456 shares are directly owned by Drive Capital Overdrive
Fund I, L.P. (“DCOF I”), 978,891 shares are directly owned by Drive Capital Overdrive Fund I (TE), L.P. (“DCOF
I TE”) and 28,683 shares are directly owned by Drive Capital Overdrive Ignition Fund I, L.P. (“DCOIF I”). Olsen
is a member of Drive Capital, LLC (“DC”), which is the manager of Drive Capital Overdrive Fund I (GP), LLC (“DCOF
I GP”), which is the general partner of DCOF I, DCOF I TE and DCOIF I. Olsen may be deemed to have shared power to vote these
shares. |
| 7 | SOLE DISPOSITIVE POWER 51,178,410 shares of Class A Common Stock issuable upon the
conversion of Class B Common Stock that can be converted at any time, all of which is directly owned by DC I Investment. Olsen,
the managing director of DC I Investment, may be deemed to have sole power to dispose of these shares. |
| 8 | SHARED DISPOSITIVE POWER 3,032,030 shares of Class A Common Stock issuable upon the conversion
of Class B Common Stock that can be converted at any time, of which 2,024,456 shares are directly owned by DCOF I, 978,891 shares
are directly owned by DCOF I TE and 28,683 shares are directly owned by DCOIF I. Olsen is a member of the investment committee
of DCOF I GP, which is the general partner of DCOF I, DCOF I TE and DCOIF I. Olsen may be deemed to have shared power to dispose
of these shares. |

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 54,210,440
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES ¨
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 47.7% 15 16
12	TYPE OF REPORTING PERSON IN

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15 Based on 59,443,588 shares of Class A Common Stock outstanding as of November 24, 2020, as reported by the Issuer on its Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, plus the number of shares of Class A Common Stock issuable upon conversion of the Class B Common Stock held by the Reporting Person.

16 Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to ten votes. The percentage reported does not reflect the ten for one voting power of the Class B Common Stock.

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CUSIP # 77664L108 Page 10 of 16

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ITEM 1(A). NAME OF ISSUER

Root, Inc. (the “Issuer”)

ITEM 1(B). ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES

80 E. Rich Street, Suite 500

Columbus, Ohio 43215

ITEM 2(A). NAME OF PERSONS FILING This Schedule is filed by Drive Capital Overdrive Fund I, L.P. (“DCOF I”), a Delaware limited partnership, Drive Capital Overdrive Fund I (TE), L.P. (“DCOF I TE”), a Delaware limited partnership, Drive Capital Overdrive Ignition Fund I, L.P. (DCOIF I”), a Delaware limited partnership, Drive Capital Overdrive Fund I (GP), LLC (“DCOF I GP”), a Delaware limited liability company, Drive Capital, LLC (“DC”), a Delaware limited liability company, DC I Investment LLC (“DC I Investment”), a Delaware limited liability company, Mark Kvamme (“Kvamme”), an individual, and Chris Olsen (“Olsen”), an individual. The foregoing entities and individuals are collectively referred to as the “Reporting Persons.”

ITEM 2(B). ADDRESS OF PRINCIPAL OFFICE

The address for each of the Reporting Persons is:

629 N. High Street, 6 th Floor

Columbus, Ohio 43215

ITEM 2(C). CITIZENSHIP See Row 4 of cover page for each Reporting Person.

ITEM 2(D). TITLE OF CLASS OF SECURITIES Class A Common Stock

ITEM 2(D) CUSIP NUMBER 77664L108

ITEM 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: Not applicable.

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ITEM 4. OWNERSHIP

The following information with respect to the ownership of the common stock of the Issuer by the persons filing this Statement is provided as of December 31, 2020:

(a) Amount beneficially owned : See Row 9 of cover page for each Reporting Person.

(b) Percent of Class : See Row 11 of cover page for each Reporting Person.

(i) Sole power to vote or to direct the vote : See Row 5 of cover page for each Reporting Person.

(ii) Shared power to vote or to direct the vote :

See Row 6 of cover page for each Reporting Person.

(iii) Sole power to dispose or to direct the disposition of :

See Row 7 of cover page for each Reporting Person.

(iv) Shared power to dispose or to direct the disposition of : See Row 8 of cover page for each Reporting Person.

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable.

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON . Under certain circumstances set forth in the limited partnership agreements of DCOF I, DCOF I TE and DCOIF I and the limited liability company agreements of DCOF I GP and DC I Investment, the partners or members, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from the sale of, shares of the Issuer directly or indirectly owned by each such entity of which they are a partner or member.

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable.

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP . Not applicable

ITEM 9. NOTICE OF DISSOLUTION OF GROUP . Not applicable

ITEM 10. CERTIFICATION . Not applicable.

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SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 12, 2021

DRIVE CAPITAL OVERDRIVE FUND I, L.P.
By:	DRIVE CAPITAL OVERDRIVE FUND I (GP), LLC
Its:	General Partner
By:	/s/ Chris Olsen
Name:	Chris Olsen
Title:	Member
DRIVE CAPITAL OVERDRIVE FUND I (TE), L.P.
By:	DRIVE CAPITAL OVERDRIVE FUND I (GP), LLC
Its:	General Partner
By:	/s/ Chris Olsen
Name:	Chris Olsen
Title:	Member
DRIVE CAPITAL OVERDRIVE IGNITION FUND I, L.P.
By:	DRIVE CAPITAL OVERDRIVE FUND I (GP), LLC
Its:	General Partner
By:	/s/ Chris Olsen
Name:	Chris Olsen
Title:	Member
DRIVE CAPITAL OVERDRIVE FUND I (GP), LLC
By:	/s/ Chris Olsen
Name:	Chris Olsen
Title:	Member
DRIVE CAPITAL, LLC
By:	/s/ Chris Olsen
Name:	Chris Olsen
Title:	Member
DC I INVESTMENT, LLC
By:	/s/ Chris Olsen
Name:	Chris Olsen
Title:	Managing Director
MARK KVAMME
By:	/s/ Mark Kvamme
Name:	Mark Kvamme

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CUSIP # 77664L108 Page 13 of 16

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CHRIS OLSEN
By:	/s/ Chris Olsen
Name:	Chris Olsen

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CUSIP # 77664L108 Page 14 of 16

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EXHIBIT INDEX

	Found on Sequentially
Exhibit	Numbered Page
Exhibit A: Agreement of Joint Filing	15

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CUSIP # 77664L108 Page 15 of 16

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exhibit A

Agreement of Joint Filing

The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Class A Common Stock of the Issuer shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13G.

Date: February 12, 2021

DRIVE CAPITAL OVERDRIVE FUND I, L.P.
By:	DRIVE CAPITAL OVERDRIVE FUND I (GP), LLC
Its:	General Partner
By:	/s/ Chris Olsen
Name:	Chris Olsen
Title:	Member
DRIVE CAPITAL OVERDRIVE FUND I (TE), L.P.
By:	DRIVE CAPITAL OVERDRIVE FUND I (GP), LLC
Its:	General Partner
By:	/s/ Chris Olsen
Name:	Chris Olsen
Title:	Member
DRIVE CAPITAL OVERDRIVE IGNITION FUND I, L.P.
By:	DRIVE CAPITAL OVERDRIVE FUND I (GP), LLC
Its:	General Partner
By:	/s/ Chris Olsen
Name:	Chris Olsen
Title:	Member
DRIVE CAPITAL OVERDRIVE FUND I (GP), LLC
By:	/s/ Chris Olsen
Name:	Chris Olsen
Title:	Member
DRIVE CAPITAL, LLC
By:	/s/ Chris Olsen
Name:	Chris Olsen
Title:	Member
DC I INVESTMENT, LLC
By:	/s/ Chris Olsen
Name:	Chris Olsen
Title:	Managing Director

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CUSIP # 77664L108 Page 16 of 16

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MARK KVAMME
By:	/s/ Mark Kvamme
Name:	Mark Kvamme
CHRIS OLSEN
By:	/s/ Chris Olsen
Name:	Chris Olsen

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Root, Inc. Major Shareholding Notification 2021

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Root, Inc. — Major Shareholding Notification 2021

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