Revolve co-CEO converts and sells 15,972 shares
Revolve Group, Inc. co-CEO Michael Mente, through MMMK Development, Inc., converted 15,972 shares of Class B common stock into 15,972 shares of Class A common stock and sold those Class A shares at a weighted-average price of $25.90 per share.
Rhea-AI Filing Summary
Revolve Group, Inc. co-CEO Michael Mente, through MMMK Development, Inc., converted 15,972 shares of Class B common stock into 15,972 shares of Class A common stock and sold those Class A shares at a weighted-average price of $25.90 per share.
After these indirect transactions via MMMK Development, Inc., he indirectly holds 30,107,847 shares of Class B common stock. Separately, he directly holds 35,331 shares of Class B common stock, which are convertible into 35,331 shares of Class A common stock, and 73,000 shares of Class A common stock. The sales were effected under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 15,972 shares ($414K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Mente Michael
Role
CO-CHIEF EXECUTIVE OFFICER
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 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 30,107,847 contracts (Indirect, By MMMK Development, Inc.);
Class A Common Stock — 0 shares (Indirect, By MMMK Development, Inc.);
Class B Common Stock — 35,331 contracts (Direct);
Class A Common Stock — 73,000 shares (Direct)
Footnotes (4)
- 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 reporting person is a stockholder of MMMK Development, Inc. and has shared voting and dispositive power over the shares held by MMMK Development, Inc.
- F3. 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.
- F4. 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 converted: 15,972 shares
Shares sold: 15,972 shares
Sale price range: $25.86–$25.975 per share
+3 more
6 metrics
Shares converted
15,972 shares
Class B to Class A conversion on April 9, 2026
Shares sold
15,972 shares
Class A open-market sale at $25.90 weighted-average price
Sale price range
$25.86–$25.975 per share
Multiple sale transactions for Class A shares
Indirect Class B holdings
30,107,847 shares
Class B common stock held via MMMK Development, Inc. after transactions
Direct Class B holdings
35,331 shares
Convertible into 35,331 Class A shares, held directly
Direct Class A holdings
73,000 shares
Class A common stock held directly after reported transactions
Key Terms
Class B common stock, Class A common stock, Rule 10b5-1 trading plan, weighted-average price, +1 more
5 terms
Class B common stock financial
"Shares of Class B common stock are convertible into an equal number of shares of Class A common stock"
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.
Class A common stock financial
"convertible into an equal number of shares of Class A common stock at any time"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Rule 10b5-1 trading plan financial
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
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.
weighted-average price financial
"The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price"
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.
convertible financial
"Shares of Class B common stock are convertible into an equal number of shares of Class A common stock"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Revolve Group (RVLV) co-CEO Michael Mente report in this Form 4?
He reported converting 15,972 shares of Class B common stock into 15,972 shares of Class A, then selling those Class A shares at a weighted-average price of $25.90 per share through MMMK Development, Inc.
What are Michael Mente’s direct holdings in Revolve Group (RVLV) after the Form 4?
He directly holds 35,331 shares of Class B common stock, convertible into an equal number of Class A shares, and 73,000 shares of Class A common stock. These direct positions are separate from his indirect holdings through MMMK Development, Inc.
AI-generated analysis. How Rhea-AI works. Not financial advice.
