Equity-based Compensation (Tables)

9 Months Ended

Sep. 30, 2025

Option activity for the nine months ended September 30, 2025 under the 2013 Plan and 2019 Plan is as follows:


	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value (thousands)
Balance at January 1, 2025		4,666,009		$	16.23		7.4	$	85,899
Granted		378,493			25.32		9.1
Exercised		(128,034	)		10.44		—
Forfeited		(110,146	)		19.51		—
Expired		(18,495	)		39.08		—
Balance at September 30, 2025		4,787,827			16.94		6.9		32,549
Exercisable at September 30, 2025		1,767,480			16.77		5.0		14,224
Vested and expected to vest		3,621,445			18.19		6.6		22,939

RSU award activity for the nine months ended September 30, 2025 under the 2019 Plan is as follows:


	Class A Common Stock			Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value (thousands)
Unvested at January 1, 2025		71,195		$	22.68		1.0	$	2,384
Granted		201,951			24.20		0.9
Released		(158,548	)		25.12		—
Forfeited		—			—		—
Unvested at September 30, 2025		114,598			21.98		1.8		2,441

Revolve Group, Inc. 10-Q