# EDGAR Filing Document

**Accession Number:** 0001788882
**File Stem:** 0001104659-23-021280
**Filing Date:** 2023-2
**Character Count:** 28473
**Document Hash:** 70a5dc013d3e4cb5444e01f98512a17e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-021280.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001104659-23-021280

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**GROUP MEMBERS**: BULLFROG CAPITAL GP, L.P.

**GROUP MEMBERS**: BULLFROG CAPITAL GP, LTD.

**GROUP MEMBERS**: BULLFROG CAPITAL, L.P.

**GROUP MEMBERS**: MEYER MALKA

**GROUP MEMBERS**: RIBBIT CAPITAL GP IV, L.P.

**GROUP MEMBERS**: RIBBIT CAPITAL GP IV, LTD.

**SUBJECT COMPANY**: 

**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

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91816
- **FILM NUMBER:** 23626849

**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
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ribbit Capital IV, L.P.
- **CENTRAL INDEX KEY:** 0001697450
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 364 UNIVERSITY AVE.
- **CITY:** PALO ALTO
- **STATE:** CA
- **ZIP:** 94301
- **BUSINESS PHONE:** 650-485-3758

**MAIL ADDRESS:**
- **STREET 1:** 364 UNIVERSITY AVE.
- **CITY:** PALO ALTO
- **STATE:** CA
- **ZIP:** 94301

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Schedule 13G<br> (Rule 13d-102)

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

(Amendment No. 1)\*

---

| |
|:---|
| Root, Inc. |
| (Name of Issuer) |
| Class A Common Stock, par value $0.0001 per share |
| (Title of Class of Securities) |
| 77664L207 |
| (CUSIP Number) |
| December 31, 2022 |
| (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) |
| ⌧ | 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 12 Pages

CUSIP No. 77664L207 13 G <u>Page 2 of 12</u>

---

| | |
|:---|:---|
| 1 | NAME OF REPORTING PERSONS<br> Ribbit Capital IV, L.P. ("Fund IV") |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP <br> (a) ◻ (b) ⌧ |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Cayman Islands |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 5 | SOLE VOTING POWER<br> 1,874,020 shares<sup>1</sup> owned directly by Fund IV for itself and as nominee for Ribbit Founder Fund IV, L.P. ("FF IV") and RT-E Ribbit Opportunity IV, LLC ("RT-E"), except that Ribbit Capital GP IV, L.P. ("GP IV"), the general partner of Fund IV, Ribbit Capital GP IV, Ltd. ("UGP IV"), the general partner of GP IV, and Meyer Malka ("Malka"), the sole director of UGP IV, may be deemed to have sole power to vote these shares. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 6 | SHARED VOTING POWER<br> See response to row 5. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 7 | SOLE DISPOSITIVE POWER<br> 1,874,020 shares<sup>1</sup> owned directly by Fund IV for itself and as nominee for FF IV and RT-E, except that GP IV, the general partner of Fund IV, UGP IV, the general partner of GP IV, and Malka, the sole director of UGP IV, may be deemed to have sole power to dispose of these shares. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 8 | SHARED DISPOSITIVE POWER<br> See response to row 7. |

---

---

| | | |
|:---|:---|:---|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | <br> 1874020 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | <br> ◻ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | <br> 17.1%<sup>2</sup> |
| 12 | TYPE OF REPORTING PERSON | <br> PN |

---

<sup>1</sup> Represents shares of Class B Common Stock held by Fund IV. Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock.

<sup>2</sup> Based upon 9.1 million shares of Class A Common Stock reported to be outstanding as of November 2, 2022, as set forth in the Issuer's Form 10-Q for period ended September 30, 2022 as filed with the Securities and Exchange Commission ("SEC") on November 9, 2022. Assumes the conversion of the Class B Common Stock held by the Reporting Person into Class A Common Stock.

CUSIP No. 77664L207 13 G <u>Page 3 of 12</u>

---

| | |
|:---|:---|
| 1 | NAME OF REPORTING PERSONS<br> Ribbit Capital GP IV, L.P. ("GP IV") |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP <br> (a) ◻ (b) ⌧ |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Cayman Islands |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 5 | SOLE VOTING POWER<br> 1,874,020 shares<sup>1</sup> owned by Fund IV for itself and as nominee for FF IV and RT-E. GP IV, the general partner of Fund IV and FF IV and the managing member of RT-E, may be deemed to have sole power to vote these shares, except that UGP IV, the general partner of GP IV, and Malka, the sole director of UGP IV, may be deemed to have sole power to vote these shares. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 6 | SHARED VOTING POWER<br> See response to row 5. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 7 | SOLE DISPOSITIVE POWER<br> 1,874,020 shares<sup>1</sup> owned by Fund IV for itself and as nominee for FF IV and RT-E. GP IV, the general partner of Fund IV and FF IV and the managing member of RT-E, may be deemed to have sole power to dispose of these shares, except that UGP IV, the general partner of GP IV, and Malka, the sole director of UGP IV, may be deemed to have sole power to dispose of these shares. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 8 | SHARED DISPOSITIVE POWER<br> See response to row 7. |

---

---

| | | |
|:---|:---|:---|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | <br> 1874020 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | <br> ◻ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | <br> 17.1%<sup>2</sup> |
| 12 | TYPE OF REPORTING PERSON | <br> PN |

---

<sup>1</sup> Represents shares of Class B Common Stock. Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock.

<sup>2</sup> Based upon 9.1 million shares of Class A Common Stock reported to be outstanding as of November 2, 2022, as set forth in the Issuer's Form 10-Q for period ended September 30, 2022 as filed with the Securities and Exchange Commission ("SEC") on November 9, 2022. Assumes the conversion of the Class B Common Stock held by the Reporting Person into Class A Common Stock.

CUSIP No. 77664L207 13 G <u>Page 4 of 12</u>

---

| | |
|:---|:---|
| 1 | NAME OF REPORTING PERSONS<br> Ribbit Capital GP IV, Ltd. ("UGP IV") |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP <br> (a) ◻ (b) ⌧ |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Cayman Islands |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 5 | SOLE VOTING POWER<br> 1,874,020 shares<sup>1</sup> owned by Fund IV for itself and as nominee for FF IV and RT-E. UGP IV is the general partner of GP IV, which is the general partner of Fund IV and FF IV and the managing member of RT-E, and may be deemed to have sole power to vote these shares, except that GP IV, the general partner of Fund IV and FF IV and the managing member of RT-E, and Malka, the sole director of UGP IV, may be deemed to have sole power to vote these shares. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 6 | SHARED VOTING POWER<br> See response to row 5. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 7 | SOLE DISPOSITIVE POWER<br> 1,874,020 shares<sup>1</sup> owned by Fund IV for itself and as nominee for FF IV and RT-E. UGP IV is the general partner of GP IV, which is the general partner of Fund IV and FF IV and the managing member of RT-E, and may be deemed to have sole power to dispose of these shares, except that GP IV, the general partner of Fund IV and FF IV and the managing member of RT-E, and Malka, the sole director of UGP IV, may be deemed to have sole power to dispose of these shares. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 8 | SHARED DISPOSITIVE POWER<br> See response to row 7. |

---

---

| | | |
|:---|:---|:---|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | <br> 1874020 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | <br> ◻ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | <br> 17.1%<sup>2</sup> |
| 12 | TYPE OF REPORTING PERSON | <br> OO |

---

<sup>1</sup> Represents shares of Class B Common Stock. Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock.

<sup>2</sup> Based upon 9.1 million shares of Class A Common Stock reported to be outstanding as of November 2, 2022, as set forth in the Issuer's Form 10-Q for period ended September 30, 2022 as filed with the Securities and Exchange Commission ("SEC") on November 9, 2022. Assumes the conversion of the Class B Common Stock held by the Reporting Person into Class A Common Stock.

CUSIP No. 77664L207 13 G <u>Page 5 of 12</u>

---

| | |
|:---|:---|
| 1 | NAME OF REPORTING PERSONS<br> Bullfrog Capital, L.P. ("BF Fund") |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP <br> (a) ◻ (b) ⌧ |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Cayman Islands |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH REPORTING <br> PERSON <br> WITH | 5 | SOLE VOTING POWER<br> 43,107 shares<sup>1</sup> owned by BF Fund for itself and as nominee for Bullfrog Founder Fund, L.P. ("BF FF"), except that Bullfrog Capital GP, L.P. ("BF GP"), the general partner of BF Fund, Bullfrog Capital GP, Ltd. ("BF UGP"), the general partner of BF GP, and Meyer Malka ("Malka"), the sole director of BF UGP, may be deemed to have sole power to vote these shares. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH REPORTING <br> PERSON <br> WITH | 6 | SHARED VOTING POWER<br> See response to row 5. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH REPORTING <br> PERSON <br> WITH | 7 | SOLE DISPOSITIVE POWER<br> 43,107 shares<sup>1</sup> owned by BF Fund for itself and as nominee for BF FF, except that BF GP, the general partner of BF Fund, BF UGP, the general partner of BF GP, and Malka, the sole director of BF UGP, may be deemed to have sole power to dispose of these shares. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH REPORTING <br> PERSON <br> WITH | 8 | SHARED DISPOSITIVE POWER<br> See response to row 7. |

---

---

| | | |
|:---|:---|:---|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | <br> 43107 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | <br> ◻ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | <br> 0.5%<sup>2</sup> |
| 12 | TYPE OF REPORTING PERSON | <br> PN |

---

<sup>1</sup> Represents shares of Class A Common Stock held by BF Fund.

<sup>2</sup> Based upon 9.1 million shares of Class A Common Stock reported to be outstanding as of November 2, 2022, as set forth in the Issuer's Form 10-Q for period ended September 30, 2022 as filed with the Securities and Exchange Commission ("SEC") on November 9, 2022.

CUSIP No. 77664L207 13 G <u>Page 6 of 12</u>

---

| | |
|:---|:---|
| 1 | NAME OF REPORTING PERSONS<br> Bullfrog Capital GP, L.P. ("BF GP") |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP <br> (a) ◻ (b) ⌧ |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Cayman Islands |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH <br> REPORTING <br> PERSON <br> WITH | 5 | SOLE VOTING POWER<br> 43,107 shares<sup>1</sup> owned by BF Fund for itself and as nominee for BF FF. BF GP, the general partner of BF Fund and BF FF, may be deemed to have sole power to vote these shares, except that BF UGP, the general partner of BF GP, and Malka, the sole director of BF UGP, may be deemed to have sole power to vote these shares. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH <br> REPORTING <br> PERSON <br> WITH | 6 | SHARED VOTING POWER<br> See response to row 5. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH <br> REPORTING <br> PERSON <br> WITH | 7 | SOLE DISPOSITIVE POWER<br> 43,107 shares<sup>1</sup> owned by BF Fund for itself and as nominee for BF FF. BF GP, the general partner of BF Fund and BF FF, may be deemed to have sole power to vote these shares, except that BF UGP, the general partner of BF GP, and Malka, the sole director of BF UGP, may be deemed to have sole power to dispose of these shares. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH <br> REPORTING <br> PERSON <br> WITH | 8 | SHARED DISPOSITIVE POWER<br> See response to row 7. |

---

---

| | | |
|:---|:---|:---|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | <br> 43107 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | <br> ◻ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | <br> 0.5%<sup>2</sup> |
| 12 | TYPE OF REPORTING PERSON | <br> PN |

---

<sup>1</sup> Represents shares of Class A Common Stock.

<sup>2</sup> Based upon 9.1 million shares of Class A Common Stock reported to be outstanding as of November 2, 2022, as set forth in the Issuer's Form 10-Q for period ended September 30, 2022 as filed with the Securities and Exchange Commission ("SEC") on November 9, 2022.

CUSIP No. 77664L207 13 G <u>Page 7 of 12</u>

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| | |
|:---|:---|
| 1 | NAME OF REPORTING PERSONS<br> Bullfrog Capital GP, Ltd. ("BF UGP") |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP <br> (a) ◻ (b) ⌧ |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION<br> Cayman Islands |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 5 | SOLE VOTING POWER<br> 43,107 shares<sup>1</sup> owned by BF Fund for itself and as nominee for BF FF. BF UGP is the general partner of BF GP, which is the general partner of BF Fund and BF FF, and may be deemed to have sole power to vote these shares, except that BF GP, the general partner of BF Fund and BF FF, and Malka, the sole director of BF UGP, may be deemed to have sole power to vote these shares. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 6 | SHARED VOTING POWER<br> See response to row 5. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 7 | SOLE DISPOSITIVE POWER<br> 43,107 shares<sup>1</sup> owned by BF Fund for itself and as nominee for BF FF. BF UGP is the general partner of BF GP, which is the general partner of BF Fund and BF FF, and may be deemed to have sole power to vote these shares, except that BF GP, the general partner of BF Fund and BF FF, and Malka, the sole director of BF UGP, may be deemed to have sole power to dispose of these shares. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH<br> REPORTING <br> PERSON <br> WITH | 8 | SHARED DISPOSITIVE POWER<br> See response to row 7. |

---

---

| | | |
|:---|:---|:---|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | <br> 43107 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | <br> ◻ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | <br> 0.5%<sup>2</sup> |
| 12 | TYPE OF REPORTING PERSON | <br> OO |

---

<sup>1</sup> Represents shares of Class A Common Stock.

<sup>2</sup> Based upon 9.1 million shares of Class A Common Stock reported to be outstanding as of November 2, 2022, as set forth in the Issuer's Form 10-Q for period ended September 30, 2022 as filed with the Securities and Exchange Commission ("SEC") on November 9, 2022.

CUSIP No. 77664L207 13 G <u>Page 8 of 12</u>

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| | |
|:---|:---|
| 1 | NAME OF REPORTING PERSON<br> Meyer Malka ("Malka") |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP <br> (a) ◻ (b) ⌧ |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION<br> United States |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH REPORTING <br> PERSON <br> WITH | 5 | SOLE VOTING POWER<br> 1,917,127 shares, of which 1,874,020 shares<sup>1</sup> are owned by Fund IV for itself and as nominee for FF IV and RT-E and 43,107 shares<sup>2</sup> are owned by BF Fund for itself and as nominee for BF FF. Malka is the sole director of UGP IV, which is the general partner of GP IV, which is the general partner of Fund IV and FF IV and the managing member of RT-E, and Malka is the sole director of BF UGP, which is the general partner of BF GP, which is the general partner of BF Fund and BF FF, and may be deemed to have sole power to vote these shares. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH REPORTING <br> PERSON <br> WITH | 6 | SHARED VOTING POWER<br> See response to row 5. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH REPORTING <br> PERSON <br> WITH | 7 | SOLE DISPOSITIVE POWER<br> 1,917,127 shares, of which 1,874,020 shares<sup>1</sup> are owned by Fund IV for itself and as nominee for FF IV and RT-E and 43,107 shares<sup>2</sup> are owned by BF Fund for itself and as nominee for BF FF. Malka is the sole director of UGP IV, which is the general partner of GP IV, which is the general partner of Fund IV and FF IV and the managing member of RT-E, and Malka is the sole director of BF UGP, which is the general partner of BF GP, which is the general partner of BF Fund and BF FF, and may be deemed to have sole power to dispose of these shares. |
| NUMBER OF <br> SHARES <br> BENEFICIALLY <br> OWNED BY EACH REPORTING <br> PERSON <br> WITH | 8 | SHARED DISPOSITIVE POWER<br> See response to row 7. |

---

---

| | | |
|:---|:---|:---|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | <br> 1917127 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | <br> ◻ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | <br> 17.5%<sup>3</sup> |
| 12 | TYPE OF REPORTING PERSON | <br> IN |

---

<sup>1</sup> Represents shares of Class B Common Stock. Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock.

<sup>2</sup> Represents shares of Class A Common Stock.

<sup>3</sup> Based upon 9.1 million shares of Class A Common Stock reported to be outstanding as of November 2, 2022, as set forth in the Issuer's Form 10-Q for period ended September 30, 2022 as filed with the Securities and Exchange Commission ("SEC") on November 9, 2022.

CUSIP No. 77664L207 13 G <u>Page 9 of 12</u>

ITEM 1(A). <u>NAME OF ISSUER</u> Root, Inc.

ITEM 1(B). <u>ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES</u>

80 E. Rich Street, Suite 500

Columbus, Ohio 43215

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| | |
|:---|:---|
| ITEM 2(A). | <u>NAME OF PERSONS FILING</u><br>This Schedule 13G is filed by Ribbit Capital IV, L.P., a Cayman Islands exempted limited partnership ("Fund IV"), Ribbit Capital GP IV, L.P., a Cayman Islands exempted limited partnership ("GP IV"), Ribbit Capital GP IV, Ltd., a Cayman Islands limited company ("UGP IV"), Bullfrog Capital, L.P., a Cayman Islands exempted limited partnership ("BF Fund"), Bullfrog Capital GP, L.P., a Cayman Islands exempted limited partnership ("BF GP"), Bullfrog Capital GP, Ltd., a Cayman Islands limited company ("BF UGP") and Meyer Malka ("Malka"). The foregoing entities and individuals are collectively referred to as the "Reporting Persons." |

---

ITEM 2(B). <u>ADDRESS OF PRINCIPAL OFFICE</u>

The address for each of the Reporting Persons is:

c/o Ribbit Capital Management

364 University Avenue

Palo Alto, California 94301

ITEM 2(C) <u>CITIZENSHIP</u>

The citizenship or place of organization of each of the Reporting Persons is set forth on such Reporting Person's cover page.

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| | |
|:---|:---|
| ITEM 2(D) | <u>TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER</u><br>Class A Common Stock, par value $0.0001 per share<sup>1</sup> |

---

ITEM 2(E) <u>CUSIP NUMBER</u>

77664L207

ITEM 3. <u>IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:</u>

Not Applicable

<sup>1</sup> On August 12, 2022, the Issuer effected a 1-for-18 reverse stock split of its Class A Common Stock and Class B Common Stock. The number of securities reported in this Schedule 13G have been adjusted to reflect the reverse stock split.

CUSIP No. 77664L207 13 G <u>Page 10 of 12</u>

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|:---|:---|
| ITEM 4. | <u>OWNERSHIP</u><br>Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Amount beneficially owned</u>:<br>
See Row 9 of cover page for each Reporting Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Percent of Class</u>:<br>
See Row 11 of cover page for each Reporting Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Number of shares as to which such person has</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Sole power to vote or to direct the vote</u>:<br>
See Row 5 of cover page for each Reporting Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Shared power to vote or to direct the vote</u>:

See Row 6 of cover page for each Reporting Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Sole power to dispose or to direct the disposition of</u>:

See Row 7 of cover page for each Reporting Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Shared power to dispose or to direct the disposition of</u>:<br>
See Row 8 of cover page for each Reporting Person.

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|:---|:---|
| ITEM 5. | <u>OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS</u><br>Not applicable. |

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|:---|:---|
| ITEM 6. | <u>OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON</u>.<br>Ribbit Founder Fund IV, L.P. ("FF IV") and RT-E Ribbit Opportunity IV, LLC ("RT-E") have ownership interests in the shares held directly by Fund IV, but do not own shares of Common Stock directly and do not have voting or dispositive power over the shares of Common Stock held directly by Fund IV. Under certain circumstances, set forth in the limited partnership agreements of Fund IV, FF IV, GP IV, BF Fund, BF FF and BF GP, the limited liability company agreement of RT-E and the memorandum and articles of association of UGP IV and BF UGP, the general and limited partners, members or directors, 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 general partner, limited partner, member or director. |

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

ITEM 8. <u>IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP</u>.<br>Not applicable.

ITEM 9. <u>NOTICE OF DISSOLUTION OF GROUP</u>.<br>Not applicable

ITEM 10. <u>CERTIFICATION</u>.<br>Not applicable

CUSIP No. 77664L207 13 G <u>Page 11 of 12</u>

<u>SIGNATURES</u>

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 14, 2023

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| | |
|:---|:---|
| RIBBIT CAPITAL IV, L.P. | RIBBIT CAPITAL IV, L.P. |
| By: RIBBIT CAPITAL GP IV, L.P. | By: RIBBIT CAPITAL GP IV, L.P. |
| Its: General Partner | Its: General Partner |
| By: RIBBIT CAPITAL GP IV, LTD. | By: RIBBIT CAPITAL GP IV, LTD. |
| Its: General Partner | Its: General Partner |
| By: | /s/ Meyer Malka |
|  | Meyer Malka |
|  | Director |
| RIBBIT CAPITAL GP IV, L.P. | RIBBIT CAPITAL GP IV, L.P. |
| By: RIBBIT CAPITAL GP IV, LTD. | By: RIBBIT CAPITAL GP IV, LTD. |
| Its: General Partner | Its: General Partner |
| By: | /s/ Meyer Malka |
|  | Meyer Malka |
|  | Director |

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| | |
|:---|:---|
| RIBBIT CAPITAL GP IV, LTD. | RIBBIT CAPITAL GP IV, LTD. |
| By: | /s/ Meyer Malka |
|  | Meyer Malka |
|  | Director |
| BULLFROG CAPITAL, L.P. | BULLFROG CAPITAL, L.P. |
| By: BULLFROG CAPITAL GP, L.P. | By: BULLFROG CAPITAL GP, L.P. |
| Its: General Partner | Its: General Partner |
| By: BULLFROG CAPITAL GP, LTD. | By: BULLFROG CAPITAL GP, LTD. |
| Its: General Partner | Its: General Partner |
| By: | /s/ Meyer Malka |
|  | Meyer Malka |
|  | Director |

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| | |
|:---|:---|
| BULLFROG CAPITAL GP, L.P. | BULLFROG CAPITAL GP, L.P. |
| By: BULLFROG CAPITAL GP, LTD. | By: BULLFROG CAPITAL GP, LTD. |
| Its: General Partner | Its: General Partner |
| By: | /s/ Meyer Malka |
|  | Meyer Malka |
|  | Director |

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CUSIP No. 77664L207 13 G <u>Page 12 of 12</u>

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| | |
|:---|:---|
| BULLFROG CAPITAL GP, LTD. | BULLFROG CAPITAL GP, LTD. |
| By: | /s/ Meyer Malka |
|  | Meyer Malka |
|  | Director |
| Meyer Malka | Meyer Malka |
| By: | /s/ Meyer Malka |
|  | Meyer Malka |

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