Reformation holder Refo SCSp sells 2,987,199 shares

Refo SCSp, a ten percent owner of Reformation Inc., reported the sale of 2,987,199 shares of common stock on 2026-07-31 at $13.95 per share in connection with the issuer’s initial public offering.

Rhea-AI Filing Summary

Refo SCSp, a ten percent owner of Reformation Inc., reported the sale of 2,987,199 shares of common stock on 2026-07-31 at $13.95 per share in connection with the issuer’s initial public offering. Following this transaction, Refo SCSp holds 29,091,749 shares of common stock.

Insider Trade Summary

Net Seller: 2,987,199 shares

Net Sell 1 txn

Insider Refo SCSp, P6 GP Sarl, Permira VI L.P.1, Permira VI G.P. Ltd

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner

Sold 2,987,199 shs ($41.67M)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	2,987,199	$13.95	$41.67M

Holdings After Transaction: Common Stock — 29,091,749 shares (Direct)

Footnotes (2)

1. F1. Represents shares of common stock sold as a selling stockholder in the Issuer's initial public offering at $13.95 per share, which reflects the price to the public less the underwriting discount and commission.
2. F2. Represents shares of common stock held directly by Refo SCSp. P6 GP Sarl is the general partner of Refo SCSp. Permira VI LP1 is the controlling shareholder of P6 GP Sarl. Permira VI LP1 acts through Permira VI G.P. Limited, its general partner. Each of the foregoing entities disclaims beneficial ownership of the securities held by Refo SCSp, except to the extent of their respective pecuniary interest therein, if any.

Key Figures

Shares sold: 2,987,199 shares Sale price per share: $13.95 per share Shares held after sale: 29,091,749 shares +1 more

4 metrics

Shares sold 2,987,199 shares Common stock sold on 2026-07-31 as selling stockholder in IPO

Sale price per share $13.95 per share Net IPO price to the selling stockholder, reflecting underwriting discount and commission

Shares held after sale 29,091,749 shares Common stock directly held by Refo SCSp following the reported transaction

Net-sell shares 2,987,199 shares Net selling activity across all reported transactions in this filing

Key Terms

selling stockholder, initial public offering, underwriting discount and commission, ten percent owner

4 terms

selling stockholder financial

"Represents shares of common stock sold as a selling stockholder in the Issuer's initial public offering"

A selling stockholder is an individual or entity that owns shares of a company's stock and chooses to sell some or all of those shares to others. This often occurs when the owner wants to cash in on their investment or reduce their stake. For investors, understanding who the selling stockholder is can provide insights into potential changes in the company's ownership or market activity.

initial public offering financial

"sold as a selling stockholder in the Issuer's initial public offering at $13.95 per share"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

underwriting discount and commission financial

"reflects the price to the public less the underwriting discount and commission"

ten percent owner regulatory

"is_ten_percent_owner: 1 for each reporting person listed"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Refo SCSp report for REF on this Form 4?

Refo SCSp reported selling 2,987,199 shares of Reformation Inc. common stock on 2026-07-31. The sale occurred as a selling stockholder in the company’s initial public offering at $13.95 per share, reflecting the price to the public less underwriting discount and commission.

At what price were the REF shares sold in the reported transaction?

The reported REF shares were sold at $13.95 per share. The footnote states this reflects the IPO price to the public less the underwriting discount and commission, indicating it is the net per-share amount received by the selling stockholder in the offering.

How many REF shares does Refo SCSp own after this Form 4 transaction?

After the reported sale, Refo SCSp holds 29,091,749 shares of Reformation Inc. common stock. This post-transaction balance is reported as directly owned by Refo SCSp, with related Permira entities disclaiming beneficial ownership except to the extent of any pecuniary interest.

Who are the reporting persons associated with the REF Form 4 filing?

The reporting persons are Refo SCSp, P6 GP Sarl, Permira VI L.P.1, and Permira VI G.P. Ltd, each listed as a ten percent owner. Footnotes explain their relationships and that each disclaims beneficial ownership except for any pecuniary interest.

Was the REF insider sale made under a Rule 10b5-1 trading plan?

The transaction was not reported as made under a Rule 10b5-1 trading plan. The document-level 10b5-1 affirmation box is unchecked, and the footnotes describe the sale as part of the issuer’s initial public offering at the stated per-share price.

What role did Refo SCSp play in Reformation Inc.’s initial public offering?

Refo SCSp participated as a selling stockholder in Reformation Inc.’s initial public offering. It sold 2,987,199 shares of common stock at $13.95 per share, a price described as the IPO price to the public less the underwriting discount and commission.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/13/2026 - 11:50 AM Accepted by SEC EDGAR 07/31/2026 - 09:52 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Refo SCSp

(Last) (First) (Middle)

488, ROUTE DE LONGWY

(Street)

LUXEMBOURG I L-1940

(City) (State) (Zip)

LUXEMBOURG

(Country)

2. Issuer Name and Ticker or Trading Symbol
Reformation Inc. [ REF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/31/2026		S(1)		2,987,199	D	$13.95	29,091,749	D(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Refo SCSp

(Last) (First) (Middle)

488, ROUTE DE LONGWY

(Street)

LUXEMBOURG I L-1940

(City) (State) (Zip)

LUXEMBOURG

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

P6 GP Sarl

(Last) (First) (Middle)

488, ROUTE DE LONGWY

(Street)

LUXEMBOURG I L-1940

(City) (State) (Zip)

LUXEMBOURG

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Permira VI L.P.1

(Last) (First) (Middle)

488, ROUTE DE LONGWY

(Street)

LUXEMBOURG I L-1940

(City) (State) (Zip)

LUXEMBOURG

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Permira VI G.P. Ltd

(Last) (First) (Middle)

TRAFALGAR COURT LES BANQUES

(Street)

ST PETER PORT GY1 6DJ

(City) (State) (Zip)

GUERNSEY

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Represents shares of common stock sold as a selling stockholder in the Issuer's initial public offering at $13.95 per share, which reflects the price to the public less the underwriting discount and commission.

2. Represents shares of common stock held directly by Refo SCSp. P6 GP Sarl is the general partner of Refo SCSp. Permira VI LP1 is the controlling shareholder of P6 GP Sarl. Permira VI LP1 acts through Permira VI G.P. Limited, its general partner. Each of the foregoing entities disclaims beneficial ownership of the securities held by Refo SCSp, except to the extent of their respective pecuniary interest therein, if any.

	Refo SCSp, By: /s/ Eddy Perrier, Manager for and on behalf of P6 GP Sarl, acting for its own account and as general partner of Refo SCSp	07/31/2026
	P6 GP Sarl, By: /s/ Eddy Perrier, Manager	07/31/2026
	Permira VI LP1, By: Permira VI G.P. Limited, its general partner, By: /s/ Nigel Carey, Director	07/31/2026
	Permira VI G.P. Limited, By: /s/ Nigel Carey, Director	07/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)