Sec Form 13G Filing - Timm Alexander E. filing for Root Inc. (ROOT) - 2021-02-11

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 the disclosures provided in a prior cover page.

  Names of Reporting Persons

  Alexander E. Timm

  Check the Appropriate Box if a Member of a Group (see instructions)

  (a)  ☐        (b)  ☐

  SEC USE ONLY

  Citizenship or Place of Organization

  United States

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

  Sole Voting Power

  19,015,103 shares⁽¹⁾

  Shared Voting Power

  Not applicable.

  Sole Dispositive Power

  19,015,103 shares⁽¹⁾

  Shared Dispositive Power

  Not applicable.

  Aggregate Amount Beneficially Owned by Each Reporting Person

  19,015,103 shares⁽¹⁾

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)  ☒

  194,250

  Percent of Class Represented by Amount in Row 9

  24.24%⁽²⁾

  Type of Reporting Person (see instructions)

  IN

Includes 1,920,935 shares of Class B Common Stock held by the Timm 2020 GRAT. 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.

This percentage set forth on the cover sheets is calculated based upon 59,443,588 shares of Class A Common Stock reported to be outstanding as of November 24, 2020 as set forth in the Issuer’s Form 10-Q for period ended September 30, 2020 as filed with the Securities and Exchange Commission (“SEC”) on December 2, 2020. Assumes the conversion of the Class B Common Stock held by the Reporting Person into Class A Common Stock.

  Names of Reporting Persons

  Timm 2020 GRAT

  Check the Appropriate Box if a Member of a Group (see instructions)

  (a)  ☐        (b)  ☐

  SEC USE ONLY

  Citizenship or Place of Organization

  USA

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

  Sole Voting Power

  1,920,935 shares

  Shared Voting Power

  Not applicable.

  Sole Dispositive Power

  1,920,935 shares

  Shared Dispositive Power

  Not applicable.

  Aggregate Amount Beneficially Owned by Each Reporting Person

  1,920,935 shares

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)  ☐

  Percent of Class Represented by Amount in Row 9

  3.13%⁽²⁾

  Type of Reporting Person (see instructions)

  OO

This percentage set forth on the cover sheets is calculated based upon 59,443,588 shares of Class A Common Stock reported to be outstanding as of November 24, 2020 as set forth in the Issuer’s Form 10-Q for period ended September 30, 2020 as filed with the Securities and Exchange Commission (“SEC”) on December 2, 2020. Assumes the conversion of the Class B Common Stock held by the Reporting Person into Class A Common Stock.

Name of Person Filing:

Alexander E. Timm

Timm 2020 GRAT (“Timm GRAT”)

Address of Principal Business Office or, if none, Residence: The address and principal business office of the Reporting Person is:

c/o Root, Inc.

80 E. Rich Street, Suite 500

Columbus, OH 43215

Citizenship:

Alexander E. Timm                             US Citizen

Timm 2020 GRAT                              Ohio

☐   Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);

☐   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

☐   Insurance company as defined in section 3(a)19) of the Act (15 U.S.C. 78c);

☐   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

☐   An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

☐   An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

☐   A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

☐   A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

☐   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company
Act of 1940 (15 U.S.C. 80a-3);

☐   A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);

☐   Group, in accordance with §240.13d–1(b)(1)(ii)(K).

Ownership

Amount Beneficially Owned:

Alexander E. Timm                         19,015,103 shares¹

Timm GRAT                                   1,920,935 shares

Percent of Class:

Alexander E. Timm                         24.24%

Timm GRAT                                   3.13%

Number of shares as to which the pe rson has:

Alexander E. Timm                         19,015,103 shares¹

Timm GRAT                                   1,920,935 shares

Alexander E. Timm                         19,015,103 shares¹

Timm GRAT                                   1,920,935 shares

Includes 1,920,935 shares of Class B Common Stock held by the Timm 2020 GRAT. 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.

Ownership of 5 Percent or Less of a Class

Ownership of More than 5 Percent on Behalf of Another Person

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Identification and Classification of Members of the Group

Notice of Dissolution of a Group

Certification