Malka Meyer's Form 4 filing
Root, Inc.ROOT · filed Apr 30, 2025
- Accession no.
- 0000950170-25-061296
- Filed
- Apr 30, 2025, 6:15 PM ET
- Trade date
- Apr 28-30, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 4 non-derivative transactions and 1 derivative transaction. Open-market sales total $30.6M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Malka MeyerCIK 0001571355 | 10% Owner |
| Ribbit Capital IV, L.P.CIK 0001697450 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Apr 28, 2025 | Class A Common Stock | CConversionAcquired | +728,800 | –F1 | – | 728,800 | Indirect | |
| Apr 30, 2025 | Class A Common Stock | SSaleDisposed | −223,978 | $135.80F4 | −$30,416,369.18 | 504,822 | Indirect | |
| Apr 30, 2025 | Class A Common Stock | SSaleDisposed | −297 | $137.16F5 | −$40,736.52 | 504,525 | Indirect | |
| Apr 30, 2025 | Class A Common Stock | SSaleDisposed | −725 | $139.26F6 | −$100,960.31 | 503,800 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Apr 28, 2025 | Class A Common Stock | CConversionDisposed | −728,800 | $0.00 | $0 | 728,807 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
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").
Referenced by the price of 1 transaction in Table I.
- F4
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.
Referenced by the price of 1 transaction in Table I.
- F5
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.
Referenced by the price of 1 transaction in Table I.
- F6
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.
Referenced by the price of 1 transaction in Table I.