Revolve Group (NYSE: RVLV) co-CEO entity sells stock under 10b5-1 plan
Rhea-AI Filing Summary
Revolve Group, Inc. insider activity centers on an entity linked to co-CEO Michael Mente. MMMK Development, Inc., where Mente has shared voting and dispositive power, converted Class B common stock into Class A shares and then sold those Class A shares.
On February 11, 2026, MMMK Development, Inc. converted 15,645 shares of Class B common stock into the same number of Class A shares at $0 conversion cost, then sold 15,645 Class A shares at a weighted-average price of $26.13 under a Rule 10b5-1 trading plan adopted on May 29, 2025.
On February 12, 2026, it similarly converted 1,948 Class B shares into 1,948 Class A shares at $0 and sold 1,948 Class A shares at a weighted-average price of $25.93. Following these transactions, MMMK Development, Inc. continued to indirectly hold derivative interests in over 30 million shares of Class B stock, and Mente also directly held 35,331 Class B and 73,000 Class A shares.
Positive
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Negative
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