[Form 4] Revolve Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Revolve Group, Inc. co-chief executive officer, director and 10% owner reported a series of insider transactions involving Class B and Class A common stock. On three dates in December 2025, entities controlled by the reporting person converted Class B shares into equal numbers of Class A shares at a conversion price of $0, then sold the same amounts of Class A shares. The reported transactions cover 88,444 shares at a weighted-average price of $28.41 on 12/18/2025, 78,619 shares at $28.78 on 12/19/2025, and 63,045 shares at $29.67 on 12/22/2025, all held indirectly through MMMK Development, Inc. These sales were executed under a Rule 10b5-1 trading plan adopted on May 29, 2025. Following the transactions, the reporting person continues to indirectly beneficially own 30,474,618 derivative securities representing Class B common stock through MMMK Development, Inc.

Insights

Equity compensation and insider-transactions analyst

Revolve’s co-CEO executed pre-planned conversions and sales of Class B shares while retaining a large remaining stake.

The filing shows the co-chief executive officer, who is also a director and 10% owner of Revolve Group, Inc., converting Class B common stock into Class A and then selling the same number of Class A shares. The conversions are at a stated price of $0, consistent with Class B being freely convertible into Class A on a one-for-one basis with no expiration, as described in the footnotes.

The sales on 12/18/2025, 12/19/2025, and 12/22/2025 covered 88,444, 78,619 and 63,045 shares, respectively, at weighted-average prices of $28.41, $28.78 and $29.67. The filing states these transactions were effected under a Rule 10b5-1 trading plan adopted on May 29, 2025, indicating they were pre-arranged rather than discretionary trades. After these transactions, the insider continues to indirectly beneficially own 30,474,618 derivative securities tied to Class B common stock through MMMK Development, Inc., which remains a substantial reported position.

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)
12/18/2025

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	12/18/2025		C		88,444	A	$0(1)	88,444	I	By MMMK Development, Inc.(2)
Class A Common Stock	12/18/2025		S(3)		88,444	D	$28.41(4)	0	I	By MMMK Development, Inc.(2)
Class A Common Stock	12/19/2025		C		78,619	A	$0(1)	78,619	I	By MMMK Development, Inc.(2)
Class A Common Stock	12/19/2025		S(3)		78,619	D	$28.78(5)	0	I	By MMMK Development, Inc.(2)
Class A Common Stock	12/22/2025		C		63,045	A	$0(1)	63,045	I	By MMMK Development, Inc.(2)
Class A Common Stock	12/22/2025		S(3)		63,045	D	$29.67(6)	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)	12/18/2025		C			88,444	(1)	(1)	Class A Common Stock	88,444	$0	30,616,282	I	By MMMK Development, Inc.(2)
Class B Common Stock	(1)	12/19/2025		C			78,619	(1)	(1)	Class A Common Stock	78,619	$0	30,537,663	I	By MMMK Development, Inc.(2)
Class B Common Stock	(1)	12/22/2025		C			63,045	(1)	(1)	Class A Common Stock	63,045	$0	30,474,618	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 $27.86 to $28.65, 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 $28.06 to $28.99, 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 $29.03 to $29.945, 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	12/22/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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