Revolve Group (NYSE: RVLV) co-founders and affiliate report 43% stake

Rhea-AI Filing Summary

Revolve Group, Inc. disclosed that key insiders and an affiliated entity continue to hold a large stake in the company’s Class A common stock. MMMK Development, Inc. reports beneficial ownership of 30,474,618 shares, or 43.0% of the Class A equivalent, through Class B shares.

Co-founders Michael Karanikolas and Michael Mente each report beneficial ownership of 43.1% of the Class A equivalent, or 30,597,618 and 30,582,949 shares respectively, including their direct holdings and their shared voting and dispositive power over shares held by MMMK Development, Inc. Percentages are based on 40,415,438 Class A shares outstanding as of October 28, 2025.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

Revolve Group, Inc.

(Name of Issuer)

Class A Common Stock, $0.001 par value

(Title of Class of Securities)

76156B107

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 76156B107

1

Names of Reporting Persons

MMMK Development, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 30,474,618.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 30,474,618.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

30,474,618.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

43.0 %

12

Type of Reporting Person (See Instructions)

CO, HC

SCHEDULE 13G

CUSIP No. 76156B107

1

Names of Reporting Persons

Michael Karanikolas

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 123,000.00
6	Shared Voting Power 30,474,618.00
7	Sole Dispositive Power 123,000.00
8	Shared Dispositive Power 30,474,618.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

30,597,618.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

43.1 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP No. 76156B107

1

Names of Reporting Persons

Michael Mente

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 108,331.00
6	Shared Voting Power 30,474,618.00
7	Sole Dispositive Power 108,331.00
8	Shared Dispositive Power 30,474,618.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

30,582,949.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

43.1 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Revolve Group, Inc.
(b)	Address of issuer's principal executive offices: 12889 Moore Street, Cerritos, California 90703
Item 2.
(a)	Name of person filing: This Schedule 13G is being filed by each of the following persons (each a "Reporting Person," and together, the "Reporting Persons"): MMMK Development, Inc. Michael Karanikolas Michael Mente
(b)	Address or principal business office or, if none, residence: The address for each of the Reporting Persons is c/o Revolve Group, Inc., 12889 Moore Street, Cerritos, California 90703.
(c)	Citizenship: MMMK Development, Inc. is incorporated in the state of Delaware and each of Michael Karanikolas and Michael Mente are citizens of the United States.
(d)	Title of class of securities: Class A Common Stock, $0.001 par value
(e)	CUSIP No.: 76156B107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the responses to Item 9 on the attached cover pages.
(b)	Percent of class: See the responses to Item 11 on the attached cover pages. Based on 40,415,438 shares of Class A common stock outstanding as of October 28, 2025, as reported in Revolve Group, Inc.'s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the Securities and Exchange Commission on November 4, 2025. With regard to MMMK Development, Inc., 43.0%; with regard to Michael Karanikolas 43.1%; and with regard to Michael Mente 43.1%.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the responses to Item 5 on the attached cover pages. With regard to Michael Karanikolas, such response represents shares of Class A common stock held directly by Michael Karanikolas. With regard to Michael Mente, such response represents (i) 73,000 shares of Class A common stock held directly by Mr. Mente and (ii) 35,331 shares of Class B common stock held directly by Mr. Mente, which are convertible into shares of Class A common stock on a one-for-one basis at any time at the holder's election, and which convert automatically upon any transfer.
	(ii) Shared power to vote or to direct the vote: See the responses to Item 6 on the attached cover pages. Such responses represent an equal number of shares of Class B common stock, which are convertible into shares of Class A common stock on a one-for-one basis at any time at the holder's election, and which convert automatically upon any transfer. Such shares are directly held by MMMK Development, Inc. for the benefit of Michael Karanikolas and Michael Mente. Messrs. Karanikolas and Mente are the stockholders of MMMK Development, Inc. and share voting and dispositive power over the shares held by MMMK Development, Inc.
	(iii) Sole power to dispose or to direct the disposition of: See the responses to Item 7 on the attached cover pages. With regard to Michael Karanikolas, such response represents shares of Class A common stock held directly by Michael Karanikolas. With regard to Michael Mente, such response represents (i) 73,000 shares of Class A common stock held directly by Mr. Mente and (ii) 35,331 shares of Class B common stock held directly by Mr. Mente, which are convertible into shares of Class A common stock on a one-for-one basis at any time at the holder's election, and which convert automatically upon any transfer.
	(iv) Shared power to dispose or to direct the disposition of: See the responses to Item 8 on the attached cover pages. Such responses represent an equal number of shares of Class B common stock, which are convertible into shares of Class A common stock on a one-for-one basis at any time at the holder's election, and which convert automatically upon any transfer. Such shares are directly held by MMMK Development, Inc. for the benefit of Michael Karanikolas and Michael Mente. Messrs. Karanikolas and Mente are the stockholders of MMMK Development, Inc. and share voting and dispositive power over the shares held by MMMK Development, Inc.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

MMMK Development, Inc.

Signature:	/s/ Nancy Herrman
Name/Title:	Nancy Herrman - President
Date:	01/30/2026

Michael Karanikolas

Signature:	/s/ Michael Karanikolas
Name/Title:	Michael Karanikolas
Date:	01/30/2026

Michael Mente

Signature:	/s/ Michael Mente
Name/Title:	Michael Mente
Date:	01/30/2026

Exhibit Information

Exhibit 99.1 Joint Filing Agreement

FAQ

What does Schedule 13G/A reveal about RVLV insider ownership?

The Schedule 13G/A shows that key insiders and an affiliated entity collectively report beneficial ownership of about 43% of Revolve Group’s Class A equivalent shares, indicating continued significant insider control and alignment with public shareholders through substantial equity positions.

How many shares of RVLV does MMMK Development, Inc. beneficially own?

MMMK Development, Inc. reports beneficial ownership of 30,474,618 Revolve Group Class A equivalent shares. These are represented by Class B shares that are convertible one-for-one into Class A shares and account for 43.0% of the outstanding Class A common stock equivalent.

What is Michael Karanikolas’s beneficial ownership in Revolve Group (RVLV)?

Michael Karanikolas reports beneficial ownership of 30,597,618 Class A equivalent shares, or 43.1% of the class. This includes 123,000 Class A shares held directly plus shared voting and dispositive power over shares held by MMMK Development, Inc. through Class B stock.

What is Michael Mente’s beneficial ownership in Revolve Group (RVLV)?

Michael Mente reports beneficial ownership of 30,582,949 Class A equivalent shares, representing 43.1% of the class. This includes 73,000 Class A shares and 35,331 Class B shares held directly, plus shared voting and dispositive power over Class B shares held by MMMK Development, Inc.

How are Revolve Group (RVLV) Class B shares treated in this filing?

The filing explains that Revolve’s Class B shares are convertible into Class A common stock on a one-for-one basis at any time at the holder’s election and convert automatically upon any transfer, so they are counted as Class A equivalents for beneficial ownership reporting purposes.

What share count is used to calculate RVLV ownership percentages?

Ownership percentages are calculated using 40,415,438 shares of Revolve Group Class A common stock outstanding as of October 28, 2025, as reported in the company’s Form 10-Q for the quarter ended September 30, 2025, which anchors the 43% beneficial ownership figures.