Revolve (RVLV) co-CEO’s entity converts and sells Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Revolve Group, Inc. insider Michael Karanikolas, a director, co-chief executive officer and 10% owner, reported indirect share transactions through MMMK Development, Inc.. On February 11, 2026, 15,645 shares of Class B common stock were converted into 15,645 Class A shares and then sold in open-market transactions at a weighted-average price of $26.13, with prices ranging from $25.86 to $26.83, under a Rule 10b5-1 trading plan adopted on May 29, 2025.
On February 12, 2026, a further 1,948 Class B shares were converted into 1,948 Class A shares and sold at a weighted-average price of $25.93, with sale prices between $25.86 and $26.10. Following these transactions, MMMK Development, Inc. indirectly held 30,125,767 and then 30,123,819 derivative securities tied to Class B common stock, while Karanikolas also directly owned 123,000 Class A shares as of February 11, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17,593 shares ($459,315)
Net Sell
7 txns
Insider
Karanikolas Michael
Role
CO-CHIEF EXECUTIVE OFFICER
Sold
17,593 shs ($459K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 1,948 | $0.00 | -- |
| Conversion | Class A Common Stock | 1,948 | $0.00 | -- |
| Sale | Class A Common Stock | 1,948 | $25.93 | $51K |
| Conversion | Class B Common Stock | 15,645 | $0.00 | -- |
| Conversion | Class A Common Stock | 15,645 | $0.00 | -- |
| Sale | Class A Common Stock | 15,645 | $26.13 | $409K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 30,123,819 shares (Indirect, By MMMK Development, Inc.);
Class A Common Stock — 1,948 shares (Indirect, By MMMK Development, Inc.);
Class A Common Stock — 123,000 shares (Direct)
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 reporting person is a stockholder of MMMK Development, Inc. and has shared voting and dispositive power over the shares held by MMMK Development, Inc. 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 $26.83, 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 $25.86 to $26.10, 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
What insider transactions did RVLV’s Michael Karanikolas report on this Form 4?
He reported indirect transactions through MMMK Development, Inc. involving conversions of Class B into Class A shares and subsequent open-market sales on February 11 and 12, 2026, all under a previously adopted Rule 10b5-1 trading plan.
What is the relationship of Michael Karanikolas to Revolve Group, Inc. (RVLV)?
He is reported as a director, co-chief executive officer, and a 10% owner of Revolve Group, Inc., indicating both executive and significant shareholder roles in the company alongside his indirect holdings through MMMK Development, Inc.
Did these RVLV insider sales occur under a trading plan?
Yes. The filing explains that the sales reported were effected pursuant to a Rule 10b5-1 trading plan that Michael Karanikolas adopted on May 29, 2025, governing how the transactions would be executed over time.
What Revolve (RVLV) holdings did Michael Karanikolas report after these transactions?
After the reported activity, MMMK Development, Inc. held 30,125,767 and then 30,123,819 derivative securities tied to Class B common stock, and Karanikolas also reported direct ownership of 123,000 shares of Class A common stock as of February 11, 2026.