Revolve Group, Inc. (RVLV) insider entity converts Class B and sells Class A stock

Rhea-AI Filing Summary

Revolve Group, Inc. insider activity centers on an entity associated with co-CEO Michael Karanikolas. Over January 7–9, 2026, MMMK Development, Inc., an entity where he has shared voting and dispositive power, converted blocks of Class B common stock into equal amounts of Class A shares at a conversion price of $0 and immediately sold those Class A shares.

The sales were executed under a Rule 10b5-1 trading plan adopted on May 29, 2025. On January 7, 72,337 Class A shares were sold at a weighted-average price of $31.16 per share in trades ranging from $30.86–$31.56. On January 8, 52,864 shares were sold at a weighted-average price of $31.32 in a $31.02–$31.58 range. On January 9, 64,655 shares were sold at a weighted-average price of $30.66 and a further 4,340 shares at $31.05, with trade ranges of $29.95–$30.94 and $30.95–$31.215, respectively. Separately, Karanikolas reports 123,000 Class A shares held directly.

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).

X

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^*

Karanikolas Michael

(Last) (First) (Middle)

C/O REVOLVE GROUP, INC.

12889 MOORE STREET

(Street)

CERRITOS CA 90703

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Revolve Group, Inc. [ RVLV ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CO-CHIEF EXECUTIVE OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

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

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

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

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
Class A Common Stock	01/07/2026		C		72,337	A	$0(1)	72,337	I	By MMMK Development, Inc.(2)
Class A Common Stock	01/07/2026		S(3)		72,337	D	$31.16(4)	0	I	By MMMK Development, Inc.(2)
Class A Common Stock	01/08/2026		C		52,864	A	$0(1)	52,864	I	By MMMK Development, Inc.(2)
Class A Common Stock	01/08/2026		S(3)		52,864	D	$31.32(5)	0	I	By MMMK Development, Inc.(2)
Class A Common Stock	01/09/2026		C		68,995	A	$0(1)	68,995	I	By MMMK Development, Inc.(2)
Class A Common Stock	01/09/2026		S(3)		64,655	D	$30.66(6)	4,340	I	By MMMK Development, Inc.(2)
Class A Common Stock	01/09/2026		S(3)		4,340	D	$31.05(7)	0	I	By MMMK Development, Inc.(2)
Class A Common Stock								123,000	D

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
Class B Common Stock	(1)	01/07/2026		C			72,337	(1)	(1)	Class A Common Stock	72,337	$0	30,402,281	I	By MMMK Development, Inc.(2)
Class B Common Stock	(1)	01/08/2026		C			52,864	(1)	(1)	Class A Common Stock	52,864	$0	30,349,417	I	By MMMK Development, Inc.(2)
Class B Common Stock	(1)	01/09/2026		C			68,995	(1)	(1)	Class A Common Stock	68,995	$0	30,280,422	I	By MMMK Development, Inc.(2)

Explanation of Responses:

1. Shares of Class B common stock are convertible into an equal number of shares of Class A common stock at any time, at the election of the holder, and have no expiration date. On the dates indicated above, the reporting person sold the number of shares of Class B common stock indicated above, resulting in the automatic conversion of such shares into an equal number of shares of Class A common stock.

2. The reporting person is a stockholder of MMMK Development, Inc. and has shared voting and dispositive power over the shares held by MMMK Development, Inc.

3. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 29, 2025.

4. The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $30.86 to $31.56, inclusive. The reporting person undertakes to provide to Revolve Group, Inc., any security holder of Revolve Group, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

5. The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $31.02 to $31.58, inclusive. The reporting person undertakes to provide to Revolve Group, Inc., any security holder of Revolve Group, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

6. The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $29.95 to $30.94, inclusive. The reporting person undertakes to provide to Revolve Group, Inc., any security holder of Revolve Group, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

7. The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $30.95 to $31.215, inclusive. The reporting person undertakes to provide to Revolve Group, Inc., any security holder of Revolve Group, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

	/s/ Jodi Lumsdaine Chapin, attorney-in-fact	01/09/2026
	** 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.

FAQ

Who is the insider in Revolve Group, Inc. (RVLV) referenced in this Form 4?

The reporting person is Michael Karanikolas, a director, co-chief executive officer, and 10% owner of Revolve Group, Inc.

Which entity actually conducted the share transactions for RVLV?

The transactions were reported as indirect, made By MMMK Development, Inc., an entity where Michael Karanikolas is a stockholder with shared voting and dispositive power over the shares.

What type of Revolve Group (RVLV) shares were involved and how were they converted?

The activity involved Class B common stock that is convertible into an equal number of Class A common stock at any time, at the holder’s election, with no expiration date. Upon sale, the Class B shares automatically converted into Class A shares.

On what dates did the RVLV insider-related transactions occur and what were the main actions?

On January 7, 8, and 9, 2026, MMMK Development, Inc. converted Class B shares into Class A shares (transaction code C) and then sold the resulting Class A shares (transaction code S) at market prices around $31 per share.

Were the Revolve Group (RVLV) insider sales pre-planned?

Yes. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 29, 2025.

What were the price ranges for the RVLV insider-related share sales?

Weighted-average prices were reported with ranges: $30.86–$31.56, $31.02–$31.58, $29.95–$30.94, and $30.95–$31.215, depending on the specific sale date and tranche.

How many Revolve Group (RVLV) shares does Michael Karanikolas report holding directly after these transactions?

He reports 123,000 shares of Class A common stock held with direct ownership.