MMMK Development, Inc. 4

What Happened
MMMK Development, a reported 10% owner of Revolve Group, sold a total of 17,593 shares of Revolve (through sales on Feb 11–12, 2026) for aggregate proceeds of about $459,316. The sales followed conversions of Class B common stock into an equal number of Class A shares (conversion entries show $0 cost). Breakdown: 15,645 shares sold on Feb 11 for total proceeds of $408,804 (weighted‑avg price $26.13; price range $25.86–$26.83), and 1,948 shares sold on Feb 12 for total proceeds of $50,512 (weighted‑avg price $25.93; price range $25.86–$26.10). These were sales, not purchases.

Key Details

• Transaction dates: conversions and sales on 2026-02-11 and 2026-02-12; Form 4 filed 2026-02-13 (timely).
• Shares sold: 15,645 (Feb 11) and 1,948 (Feb 12) — total 17,593 shares.
• Proceeds: $408,804 (Feb 11) + $50,512 (Feb 12) = ~$459,316.
• Prices: weighted averages reported ($26.13 and $25.93); see price ranges in filing (Feb 11: $25.86–$26.83; Feb 12: $25.86–$26.10). Reporting person will provide per‑trade breakdown on request (footnotes F3/F4).
• Footnotes of note: F1 — Class B shares convert 1:1 to Class A and conversion occurred in connection with the sales; F2 — sales executed under a Rule 10b5‑1 trading plan adopted May 29, 2025.
• Shares owned after the transactions: not specified in the provided filing excerpt.

Context

• This filing reflects institutional/large‑holder activity (a 10% owner) rather than an executive officer trade; such sales can be routine portfolio management.
• The conversion entries are not purchases — they reflect the conversion of Class B into Class A shares (no cash paid) prior to or simultaneous with the open‑market sales.
• The sales were conducted under a pre‑arranged 10b5‑1 plan, which generally indicates trades were pre‑scheduled rather than opportunistic.