MMMK Development (RVLV 10% owner) converts Class B and sells Class A shares
Rhea-AI Filing Summary
MMMK Development, Inc., a 10% owner of Revolve Group, Inc., reported a series of stock transactions in early January 2026. On January 7, 8 and 9, 2026, it converted shares of Class B common stock into an equal number of Class A common shares at an exercise price of $0 per share, as Class B is convertible into Class A on a one-for-one basis with no expiration.
Immediately after each conversion, MMMK Development sold the newly issued Class A shares in open-market transactions under a pre-arranged Rule 10b5-1 trading plan adopted on May 29, 2025. Reported sales include 72,337 Class A shares at a weighted-average price of $31.16, 52,864 shares at $31.32, 64,655 shares at $30.66 and 4,340 shares at $31.05, all through multiple trades within stated price ranges.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 68,995 | $0.00 | -- |
| Conversion | Class A Common Stock | 68,995 | $0.00 | -- |
| Sale | Class A Common Stock | 64,655 | $30.66 | $1.98M |
| Sale | Class A Common Stock | 4,340 | $31.05 | $135K |
| Conversion | Class B Common Stock | 52,864 | $0.00 | -- |
| Conversion | Class A Common Stock | 52,864 | $0.00 | -- |
| Sale | Class A Common Stock | 52,864 | $31.32 | $1.66M |
| Conversion | Class B Common Stock | 72,337 | $0.00 | -- |
| Conversion | Class A Common Stock | 72,337 | $0.00 | -- |
| Sale | Class A Common Stock | 72,337 | $31.16 | $2.25M |
Footnotes (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 $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. 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. 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. 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.
FAQ
Who reported insider transactions in Revolve Group, Inc. (RVLV)?
The reporting person is MMMK Development, Inc., identified as a 10% owner of Revolve Group, Inc. in this Form 4 filing.
Were MMMK Development, Inc.’s Revolve (RVLV) trades under a Rule 10b5-1 plan?
Yes. The filing explains that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by MMMK Development, Inc. on May 29, 2025.
How does the Revolve (RVLV) filing describe the Class B to Class A conversion feature?
The footnote states that Class B common stock is convertible into an equal number of Class A common shares at any time at the holder’s election and has no expiration date.