SCHEDULE: Ribbit Capital Discloses 8.7% Stake in Root Inc.

Ribbit Capital and its affiliates have disclosed a beneficial ownership of 8.7% in Root, Inc.'s Class A Common Stock.

Summary

• Ribbit Capital IV, L.P., RT-E Ribbit Opportunity IV, LLC, Ribbit Capital GP IV, L.P., Ribbit Capital GP IV, Ltd., and Meyer Malka collectively reported beneficial ownership in Root, Inc.
• The aggregate beneficial ownership for the controlling entities (Ribbit Capital GP IV, L.P., Ribbit Capital GP IV, Ltd., and Meyer Malka) is 1,232,607 shares of Class A Common Stock.
• This represents 8.7% of Root, Inc.'s Class A Common Stock, based on 13.6 million shares outstanding as of June 30, 2025.
• Ribbit Capital IV, L.P. directly owns 996,783 shares, comprising 503,800 Class A shares and 492,983 Class B shares.
• RT-E Ribbit Opportunity IV, LLC directly owns 235,824 shares, all of which are Class B common stock.
• Each share of Class B common stock is convertible at any time into one share of Class A common stock.
• Meyer Malka, as the sole director of Ribbit Capital GP IV, Ltd., is deemed to have sole power to vote and dispose of the aggregate 1,232,607 shares.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of beneficial ownership. The maintenance of a significant stake by a prominent institutional investor like Ribbit Capital can be viewed as a neutral to slightly positive signal, indicating continued confidence in the company.

Positives

• A significant institutional investor, Ribbit Capital, maintains an 8.7% beneficial ownership stake in Root, Inc., indicating continued investment and potential confidence in the company.

Future Outlook

The filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Root, Inc.'s future performance.

Industry Context

This filing reflects the continued investment of a prominent venture capital firm specializing in fintech, Ribbit Capital, in Root, Inc., an insurance technology company. Such disclosures provide insight into institutional investor sentiment within the evolving insurtech sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and trading activity.

Key Dates

Recommendation

This Schedule 13G filing primarily discloses the beneficial ownership stake of Ribbit Capital and its affiliates in Root, Inc. While the maintenance of an 8.7% stake by a notable institutional investor can be seen as a vote of confidence, the filing itself does not provide sufficient operational or financial performance data to warrant a 'buy' or 'sell' recommendation. It suggests that a significant investor sees value in holding their position, thus a 'hold' recommendation is appropriate based solely on this disclosure.

Keywords

Root Inc., Ribbit Capital, Beneficial Ownership, SEC Filing, Schedule 13G, Class A Common Stock, Institutional Investor, Fintech, Insurance