MMMK Development sells 15,972 Revolve shares via conversion
MMMK Development, Inc., a more than 10% owner of Revolve Group, Inc., converted and sold a small block of shares.
Rhea-AI Filing Summary
MMMK Development, Inc., a more than 10% owner of Revolve Group, Inc., converted and sold a small block of shares. On April 9, 2026, it converted 15,972 shares of Class B common stock into an equal number of Class A shares, then sold all 15,972 Class A shares at a weighted-average price of $25.90 per share.
The Class B shares are convertible into Class A on a one-for-one basis with no expiration, and 30,107,847 Class B shares remained held after the transaction. The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 29, 2025, indicating they were scheduled in advance.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 15,972 shares ($414K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
MMMK Development, Inc.
Role
10% Owner
Sold
15,972 shs ($414K)
Approx. gross sale proceeds
$414K
Approx. exercise cost
$0.00
Approx. pre-tax spread
$414K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 15,972 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 15,972 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 15,972 | $25.90 | $414K |
Holdings After Transaction:
Class B Common Stock — 30,107,847 contracts (Direct);
Class A Common Stock — 0 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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 $25.975, 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.
Key Figures
Shares sold: 15,972 shares
Weighted-average sale price: $25.90 per share
Price range of sales: $25.86–$25.975 per share
+2 more
5 metrics
Shares sold
15,972 shares
Class A common stock sold on April 9, 2026
Weighted-average sale price
$25.90 per share
Open-market sale of 15,972 Class A shares
Price range of sales
$25.86–$25.975 per share
Multiple transactions comprising reported sale
Class B shares remaining
30,107,847 shares
Class B common stock held after conversion and sale
Rule 10b5-1 plan adoption date
May 29, 2025
Plan governing the reported sales
Key Terms
Rule 10b5-1 trading plan, Class B common stock, weighted-average price, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"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."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Class B common stock financial
"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."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
weighted-average price financial
"The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold."
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
open-market sale financial
"transaction_code_description": "Sale in open market or private transaction""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MMMK Development, Inc. do in this Revolve Group (RVLV) Form 4?
MMMK Development, Inc. converted 15,972 Class B shares of Revolve Group into 15,972 Class A shares, then sold all of those Class A shares. The transaction used a weighted-average sale price of $25.90 per share in multiple trades.
Was the MMMK Development Revolve Group (RVLV) sale under a trading plan?
Yes. The Form 4 states the sales were executed under a Rule 10b5-1 trading plan adopted by MMMK Development, Inc. on May 29, 2025. Such plans schedule trades in advance, making the timing more routine and less discretionary.
AI-generated analysis. How Rhea-AI works. Not financial advice.
