Karanikolas Michael 4

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).