MMMK Development, Inc. 4
4 · Revolve Group, Inc. · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Revolve Group (RVLV) 10% Owner MMMK Development Sells Shares
What Happened
- MMMK Development, a reported 10% owner of Revolve Group, converted Class B shares into Class A shares and sold a total of ~139,010 Class A shares in open-market transactions between Jan 26–28, 2026. The sales generated aggregate proceeds of approximately $4,039,938. The conversions were recorded at $0 (no cash paid) and the subsequent weighted-average sale prices reported by lot were about $29.76, $29.09, $28.57 and $29.36.
Key Details
- Transaction dates: Jan 26, 27 and 28, 2026.
- Shares sold: 32,709 (1/26), 56,419 (1/27), 49,882 (1/28, reported as 49,680+202). Total ≈ 139,010 shares.
- Proceeds by lot: $973,420; $1,641,229; $1,419,358; $5,931. Total ≈ $4.04M.
- Prices: weighted-average prices per lot shown above; detailed per-share price ranges across trades reported in the footnotes (approx. $28.35 to $30.12).
- Shares acquired via conversion: same amounts were shown as “Conversion of derivative security” at $0 (these Class B shares convert 1:1 into Class A).
- Plan/authorization: Sales were effected pursuant to a Rule 10b5‑1 trading plan adopted May 29, 2025 (footnote F2).
- Filing timeliness: Form 4 was filed Jan 28, 2026 covering trades Jan 26–28; the filing appears timely (Form 4 is generally due within two business days).
- Shares owned after transaction: not specified in the excerpt provided.
Context
- The filing shows conversion of Class B common stock into Class A shares (footnote F1) followed by immediate open‑market sales; conversion itself involved no cash consideration. Because MMMK Development is a 10% owner (an institutional/large holder), these sales are institutional transactions rather than executive insider signaling. The trades were executed under a pre-established Rule 10b5‑1 plan, which is often used to automate regular sales and can limit inferences about timing or intent.
Insider Transaction Report
Form 4
MMMK Development, Inc.
10% Owner
Transactions
- Conversion
Class A Common Stock
[F1]2026-01-26+32,709→ 32,709 total - Sale
Class A Common Stock
[F2][F3]2026-01-26$29.76/sh−32,709$973,420→ 0 total - Conversion
Class A Common Stock
[F1]2026-01-27+56,419→ 56,419 total - Sale
Class A Common Stock
[F2][F4]2026-01-27$29.09/sh−56,419$1,641,229→ 0 total - Conversion
Class A Common Stock
[F1]2026-01-28+49,882→ 49,882 total - Sale
Class A Common Stock
[F2][F5]2026-01-28$28.57/sh−49,680$1,419,358→ 202 total - Sale
Class A Common Stock
[F2][F6]2026-01-28$29.36/sh−202$5,931→ 0 total - Conversion
Class B Common Stock
[F1]2026-01-26−32,709→ 30,247,713 total→ Class A Common Stock (32,709 underlying) - Conversion
Class B Common Stock
[F1]2026-01-27−56,419→ 30,191,294 total→ Class A Common Stock (56,419 underlying) - Conversion
Class B Common Stock
[F1]2026-01-28−49,882→ 30,141,412 total→ Class A Common Stock (49,882 underlying)
Footnotes (6)
- [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 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.
- [F3]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 $29.39 to $30.12, 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.
- [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 $28.76 to $29.62, 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.
- [F5]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 $28.35 to $29.33, 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.
- [F6]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 $29.35 to $29.37, 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.
Signature
/s/ Jodi Lumsdaine Chapin, attorney-in-fact|2026-01-28