Karanikolas Michael 4
4 · Revolve Group, Inc. · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Revolve (RVLV) CEO Michael Karanikolas Sells Shares
What Happened
- Michael Karanikolas, CEO of Revolve Group, sold a total of 139,010 shares of Revolve common stock in open-market transactions executed Jan 26–28, 2026 for aggregate proceeds of approximately $4,039,938. The shares sold were converted from Class B into Class A common stock (conversion reported at $0.00), then sold in the market.
- Daily reported weighted-average sale prices and proceeds: Jan 26 — 32,709 shares @ $29.76 = $973,420; Jan 27 — 56,419 shares @ $29.09 = $1,641,229; Jan 28 — 49,680 shares @ $28.57 = $1,419,358; plus a 202-share sale on Jan 28 @ $29.36 = $5,931.
Key Details
- Transaction dates: January 26, 27 and 28, 2026.
- Reported weighted-average prices: $29.76 (1/26), $29.09 (1/27), $28.57 (1/28); individual trade prices ranged roughly $28.35 to $30.12 across the transactions (per filing footnotes).
- Total shares sold: 139,010; total proceeds: ~$4.04M.
- These sales followed automatic conversions of Class B shares to Class A (footnote: Class B convertible into equal Class A shares).
- Sales were effected pursuant to a Rule 10b5-1 trading plan adopted May 29, 2025 (per footnote).
- Reporting person holds shares through MMMK Development, Inc. and has shared voting/dispositive power over those shares (per footnote).
- Shares owned after the transactions are not stated in the data provided here.
- Filing appears timely (Form 4 filed Jan 28, 2026 covering transactions through Jan 28); no late filing flag indicated.
Context
- The conversions reported are derivative-to-equity conversions (Class B → Class A) at no cash cost to the reporting person; the converted shares were then sold.
- Sales under a 10b5-1 plan are typically pre-scheduled trades that can be routine; they do not by themselves indicate the insider’s view of company prospects.
- For retail investors: purchases often signal direct insider confidence, while scheduled sales like these are common for liquidity or diversification and should be interpreted alongside other signals (company performance, other insider activity).
Insider Transaction Report
Form 4
Karanikolas Michael
DirectorCO-CHIEF EXECUTIVE OFFICER10% Owner
Transactions
- Conversion
Class A Common Stock
[F1][F2]2026-01-26+32,709→ 32,709 total(indirect: By MMMK Development, Inc.) - Sale
Class A Common Stock
[F3][F4][F2]2026-01-26$29.76/sh−32,709$973,420→ 0 total(indirect: By MMMK Development, Inc.) - Conversion
Class A Common Stock
[F1][F2]2026-01-27+56,419→ 56,419 total(indirect: By MMMK Development, Inc.) - Sale
Class A Common Stock
[F3][F5][F2]2026-01-27$29.09/sh−56,419$1,641,229→ 0 total(indirect: By MMMK Development, Inc.) - Conversion
Class A Common Stock
[F1][F2]2026-01-28+49,882→ 49,882 total(indirect: By MMMK Development, Inc.) - Sale
Class A Common Stock
[F3][F6][F2]2026-01-28$28.57/sh−49,680$1,419,358→ 202 total(indirect: By MMMK Development, Inc.) - Sale
Class A Common Stock
[F3][F7][F2]2026-01-28$29.36/sh−202$5,931→ 0 total(indirect: By MMMK Development, Inc.) - Conversion
Class B Common Stock
[F1][F2]2026-01-26−32,709→ 30,247,713 total(indirect: By MMMK Development, Inc.)→ Class A Common Stock (32,709 underlying) - Conversion
Class B Common Stock
[F1][F2]2026-01-27−56,419→ 30,191,294 total(indirect: By MMMK Development, Inc.)→ Class A Common Stock (56,419 underlying) - Conversion
Class B Common Stock
[F1][F2]2026-01-28−49,882→ 30,141,412 total(indirect: By MMMK Development, Inc.)→ Class A Common Stock (49,882 underlying)
Holdings
- 123,000
Class A Common Stock
Footnotes (7)
- [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 $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.
- [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 $28.76 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.
- [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 $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.
- [F7]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