[SCHEDULE 13G/A] Root, Inc. SEC Filing

Rhea-AI Filing Summary

Ribbit Capital and related entities disclosed beneficial ownership in Root, Inc.'s Class A common stock. Ribbit Capital IV, L.P. directly holds 503,800 Class A shares and 492,983 Class B shares, totaling 996,783 shares, reported as 7.1% on an equivalent Class A basis when conversion is assumed. RT-E Ribbit Opportunity IV, LLC holds 235,824 Class B shares, reported as 1.7%. Combined through Ribbit GP entities and Meyer Malka, the Reporting Persons are shown with aggregate beneficial ownership of 1,232,607 shares, or 8.7% of the Class A equivalent, based on 13.6 million Class A shares reported outstanding. The filing states each Class B share is convertible at the holder's option into one Class A share and that GP/UGP entities and Meyer Malka may be deemed to have sole voting and dispositive power over these shares. Bullfrog entities reported 0 shares.

Positive

• Transparent numeric disclosure of holdings by each reporting person, including Class A and Class B breakdowns
• Clear statement that Class B shares are convertible at the holder's option, enabling consistent percentage calculations
• Bullfrog entities reported zero holdings, removing ambiguity about that group's position

Negative

• Concentration of potential voting/dispositive power with GP/UGP entities and Meyer Malka: 1,232,607 shares (reported as 8.7%) may be deemed to be under their control
• Percentages are calculated assuming conversion of Class B into Class A, which increases the Class A-equivalent count used to report ownership percentages

Insights

Securities Analyst

TL;DR: Ribbit entities disclose an 8.7% aggregate economic stake in ROOT, signalling a material, disclosed position with potential voting influence.

The Schedule 13G/A reports material holdings by multiple Ribbit-affiliated entities and an individual, with clear numeric detail: 1,232,607 shares aggregated (reported as 8.7% on a converted Class A basis). The filing explicitly ties percentages to 13.6 million Class A shares outstanding as reported by the issuer and states that Class B shares are convertible at the holder's option. For investors and market participants, the document provides transparent ownership metrics and the legal basis for attributing voting and dispositive power to GP/UGP entities and Meyer Malka.

Corporate Governance Expert

TL;DR: The disclosure highlights concentrated voting/dispositive power with Ribbit GP entities and Meyer Malka, a material governance detail for shareholders.

The filing states that GP IV, UGP IV and Meyer Malka "may be deemed to have sole power to vote and dispose" of the disclosed shares, which is a concrete governance fact. The numeric breakdown—503,800 Class A, 728,807 Class B across entities when combined, and aggregate 1,232,607 shares—clarifies who could exercise influence. Bullfrog entities reported no holdings, removing ambiguity about that group's position. These disclosures are directly relevant to board and shareholder dynamics because they document who may lawfully exercise voting control over a meaningful minority stake.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Root, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

77664L207

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 77664L207

1

Names of Reporting Persons

Ribbit Capital IV, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 996,783.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 996,783.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

996,783.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.1 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: Represents (i) 503,800 shares of Class A common stock and (ii) 492,983 shares of Class B common stock directly owned by Ribbit Capital IV, L.P. ("Fund IV") for itself and as nominee for Ribbit Founder Fund IV, L.P. ("FF 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. Ribbit Capital GP IV, L.P. ("GP IV"), the general partner of Fund IV and FF 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 and dispose of these shares. The percent of class is based upon 13.6 million shares of Class A common stock reported to be outstanding as of June 30, 2025, as set forth in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on August 6, 2025. Assumes the conversion of the Class B common stock held by the Reporting Person into Class A common stock.

SCHEDULE 13G

CUSIP No. 77664L207

1

Names of Reporting Persons

RT-E Ribbit Opportunity IV, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 235,824.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 235,824.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

235,824.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.7 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Represents shares of Class B common stock directly owned by RT-E Ribbit Opportunity IV, LLC ("RT-E"). 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. GP IV, the managing member of RT-E, 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 and dispose of these shares. The percent of class is based upon 13.6 million shares of Class A common stock reported to be outstanding as of June 30, 2025, as set forth in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on August 6, 2025. Assumes the conversion of the Class B common stock held by the Reporting Person into Class A common stock.

SCHEDULE 13G

CUSIP No. 77664L207

1

Names of Reporting Persons

Ribbit Capital GP IV, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,232,607.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,232,607.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,232,607.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.7 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: 503,800 shares of Class A common stock and 492,983 shares of Class B common stock are directly owned by Fund IV for itself and as nominee for FF IV and 235,824 shares of Class B common stock are directly owned by RT-E. 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. GP IV, the general partner of Fund IV and FF IV and the managing member of RT-E, 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 and dispose of these shares. The percent of class is based upon 13.6 million shares of Class A common stock reported to be outstanding as of June 30, 2025, as set forth in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on August 6, 2025. Assumes the conversion of the Class B common stock held by the Reporting Person into Class A common stock.

SCHEDULE 13G

CUSIP No. 77664L207

1

Names of Reporting Persons

Ribbit Capital GP IV, Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,232,607.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,232,607.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,232,607.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.7 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: 503,800 shares of Class A common stock and 492,983 shares of Class B common stock are directly owned by Fund IV for itself and as nominee for FF IV and 235,824 shares of Class B common stock are directly owned by RT-E. 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. 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 Malka, the sole director of UGP IV, may be deemed to have sole power to vote and dispose of these shares. The percent of class is based upon 13.6 million shares of Class A common stock reported to be outstanding as of June 30, 2025, as set forth in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on August 6, 2025. Assumes the conversion of the Class B common stock held by the Reporting Person into Class A common stock.

SCHEDULE 13G

CUSIP No. 77664L207

1

Names of Reporting Persons

Bullfrog Capital, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 77664L207

1

Names of Reporting Persons

Bullfrog Capital GP, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 77664L207

1

Names of Reporting Persons

Bullfrog Capital GP, Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 77664L207

1

Names of Reporting Persons

Meyer Malka

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,232,607.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,232,607.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,232,607.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.7 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: 503,800 shares of Class A common stock and 492,983 shares of Class B common stock are directly owned by Fund IV for itself and as nominee for FF IV and 235,824 shares of Class B common stock are directly owned by RT-E. 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. 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 may be deemed to have sole power to vote and dispose of these shares. The percent of class is based upon 13.6 million shares of Class A common stock reported to be outstanding as of June 30, 2025, as set forth in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on August 6, 2025. Assumes the conversion of the Class B common stock held by the Reporting Person into Class A common stock.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Root, Inc.
(b)	Address of issuer's principal executive offices: 80 E. Rich Street, Suite 500 Columbus, OH, 43215
Item 2.
(a)	Name of person filing: This Schedule 13G is filed by Ribbit Capital IV, L.P., a Cayman Islands exempted limited partnership ("Fund IV"), RT-E Ribbit Opportunity IV, LLC, a Delaware limited liability company ("RT-E"), 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."
(b)	Address or principal business office or, if none, residence: The address for each of the Reporting Persons is: c/o Ribbit Capital Management 364 University Avenue Palo Alto, California 94301
(c)	Citizenship: The citizenship or place of organization of each of the Reporting Persons is set forth on such Reporting Person's cover page.
(d)	Title of class of securities: Class A Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 77664L207
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	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);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(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.
(c)	Number of shares as to which the person has:
	(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 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Ribbit Founder Fund IV, L.P. ("FF IV") and Bullfrog Founder Fund, L.P. ("BF FF") have ownership interests in the shares held directly by Fund IV and BF Fund, respectively, 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 or BF Fund. 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.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	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.	Certifications:
	Not Applicable

SIGNATURE

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.

Ribbit Capital IV, L.P.

Signature:	/s/ Meyer Malka
Name/Title:	Meyer Malka, Director of General Partner of General Partner
Date:	08/14/2025

RT-E Ribbit Opportunity IV, LLC

Signature:	/s/ Meyer Malka
Name/Title:	Meyer Malka, Director of General Partner of Managing Member
Date:	08/14/2025

Ribbit Capital GP IV, L.P.

Signature:	/s/ Meyer Malka
Name/Title:	Meyer Malka, Director of General Partner
Date:	08/14/2025

Ribbit Capital GP IV, Ltd.

Signature:	/s/ Meyer Malka
Name/Title:	Meyer Malka, Director
Date:	08/14/2025

Bullfrog Capital, L.P.

Signature:	/s/ Meyer Malka
Name/Title:	Meyer Malka, Director of General Partner of General Partner
Date:	08/14/2025

Bullfrog Capital GP, L.P.

Signature:	/s/ Meyer Malka
Name/Title:	Meyer Malka, Director of General Partner
Date:	08/14/2025

Bullfrog Capital GP, Ltd.

Signature:	/s/ Meyer Malka
Name/Title:	Meyer Malka, Director
Date:	08/14/2025

Meyer Malka

Signature:	/s/ Meyer Malka
Name/Title:	Meyer Malka
Date:	08/14/2025

FAQ

Who filed the Schedule 13G/A for Root, Inc. (ROOT)?

The filing was submitted by multiple reporting persons collectively identified as the "Reporting Persons," including Ribbit Capital IV, L.P., RT-E Ribbit Opportunity IV, LLC, Ribbit Capital GP IV, L.P., Ribbit Capital GP IV, Ltd., Bullfrog entities, and Meyer Malka.

How many shares does Ribbit Capital IV, L.P. report owning in ROOT?

Ribbit Capital IV, L.P. reports directly owning 503,800 Class A shares and 492,983 Class B shares, totaling 996,783 shares (reported as 7.1% on a converted Class A basis).

What aggregate stake do Ribbit-affiliated entities and Meyer Malka report in ROOT?

The Reporting Persons report an aggregate beneficial ownership of 1,232,607 shares, reported as 8.7% of the Class A equivalent based on 13.6 million Class A shares outstanding used for the calculation.

Are the Class B shares convertible into Class A shares?

Yes. The filing states each Class B common share is convertible at the option of the holder into one share of Class A common stock, and percentages assume conversion.

Do Bullfrog entities hold any ROOT shares according to the filing?

No. The Bullfrog entities listed in the filing report 0 shares and 0.0% ownership.