Revolve Group (NYSE: RVLV) director reports Rule 10b5-1 stock sales

Rhea-AI Filing Summary

A director of Revolve Group, Inc. (RVLV) reported multiple transactions involving Class A and Class B common stock on December 2–4, 2025. On each date, shares of Class B common stock were converted into an equal number of Class A common shares at an exercise price of $0, then sold on the market.

On December 2, the director converted and sold 23,152 Class A shares at a price of $25.94. On December 3, the director converted 114,024 Class B shares into Class A and sold 108,140 shares at $26.65 and 5,884 shares at $27.11. On December 4, the director converted and sold 41,563 Class A shares at $26.02. All sales were made under a Rule 10b5‑1 trading plan adopted on May 29, 2025, and the prices reported are weighted averages over multiple trades within stated ranges.

Insights

Equity Ownership and Governance Analyst

Large pre‑planned insider sale by a major holder, converting Class B to Class A, modestly reducing insider concentration and increasing public float.

The filing reports that a reporting person classified as a 10% owner of Revolve Group, Inc. converted and sold an aggregate of 178,739 shares over three days. On 12/02/2025, 12/03/2025, and 12/04/2025, Class B common stock was converted into the same number of Class A shares at an exercise price of $0 and then sold in the market. After these transactions, the reporting person held 30,704,726 derivative securities (Class B common stock) directly.

The sales were executed under a Rule 10b5‑1 trading plan adopted on 05/29/2025, which indicates a pre‑set schedule for trades. Weighted‑average sale prices ranged around $25.94, $26.65, $27.11, and $26.02, with shares sold in multiple transactions within disclosed price ranges. The conversions decrease the number of super‑voting Class B shares and increase Class A shares outstanding.

Key items to monitor are any continued 10b5‑1 sales by this holder and future changes in the remaining 30,704,726 Class B shares. The pattern and pace of additional conversions or dispositions in periods after 12/04/2025 will shape how quickly voting power concentration and insider ownership evolve.

Insider Trade Summary

Net Seller: 178,739 shares ($4,723,478)

Net Sell 10 txns

Insider MMMK Development, Inc.

Role 10% Owner

Sold 178,739 shs ($4.72M)

Type	Security	Shares	Price	Value
Conversion	Class B Common Stock	41,563	$0.00	--
Conversion	Class A Common Stock	41,563	$0.00	--
Sale	Class A Common Stock	41,563	$26.02	$1.08M
Conversion	Class B Common Stock	114,024	$0.00	--
Conversion	Class A Common Stock	114,024	$0.00	--
Sale	Class A Common Stock	108,140	$26.65	$2.88M
Sale	Class A Common Stock	5,884	$27.11	$160K
Conversion	Class B Common Stock	23,152	$0.00	--
Conversion	Class A Common Stock	23,152	$0.00	--
Sale	Class A Common Stock	23,152	$25.94	$601K

Holdings After Transaction: Class B Common Stock — 30,704,726 shares (Direct); Class A Common Stock — 41,563 shares (Direct)

Footnotes (1)

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. 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. 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 $25.86 to $26.02, 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. 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 $26.075 to $27.07, 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. 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 $27.09 to $27.16, 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. 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 $25.88 to $26.48, 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

MMMK Development, Inc.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025

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	12/02/2025		C		23,152	A	$0(1)	23,152	D
Class A Common Stock	12/02/2025		S(2)		23,152	D	$25.94(3)	0	D
Class A Common Stock	12/03/2025		C		114,024	A	$0(1)	114,024	D
Class A Common Stock	12/03/2025		S(2)		108,140	D	$26.65(4)	5,884	D
Class A Common Stock	12/03/2025		S(2)		5,884	D	$27.11(5)	0	D
Class A Common Stock	12/04/2025		C		41,563	A	$0(1)	41,563	D
Class A Common Stock	12/04/2025		S(2)		41,563	D	$26.02(6)	0	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)	12/02/2025		C			23,152	(1)	(1)	Class A Common Stock	23,152	$0	30,860,313	D
Class B Common Stock	(1)	12/03/2025		C			114,024	(1)	(1)	Class A Common Stock	114,024	$0	30,746,289	D
Class B Common Stock	(1)	12/04/2025		C			41,563	(1)	(1)	Class A Common Stock	41,563	$0	30,704,726	D

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 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.

3. 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 $25.86 to $26.02, 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.

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 $26.075 to $27.07, 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 $27.09 to $27.16, 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 $25.88 to $26.48, 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	12/04/2025
	** Signature of Reporting Person	Date
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