Revolve Group (RVLV) insider entity tied to CEO Mente reports stock sales
Rhea-AI Filing Summary
Revolve Group, Inc.’s co-chief executive officer and director Michael Mente, a 10% owner, reported indirect share sales executed through MMMK Development, Inc., an entity over whose holdings he has shared voting and dispositive power. Over January 7–9, 2026, MMMK Development converted Class B common stock into equal amounts of Class A common stock and sold those Class A shares under a pre-established Rule 10b5-1 trading plan adopted on May 29, 2025.
The entity sold 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, following one-for-one conversions from Class B to Class A stock at a conversion price of $0. After these transactions, MMMK Development indirectly held 30,280,422 Class B shares, while Mente also directly held 35,331 Class B shares and 73,000 Class A shares of Revolve Group.
Positive
- None.
Negative
- None.