Karanikolas Michael 4

What Happened Michael Karanikolas, CEO of Revolve Group, sold a total of 17,593 Class A shares (proceeds ≈ $459,316) in open-market transactions on Feb 11–12, 2026. The sales followed automatic conversions of Class B shares into Class A shares (recorded as conversions at $0.00). The larger block (15,645 shares) was sold at a weighted-average price of $26.13 for about $408,804 on Feb 11; a subsequent block (1,948 shares) was sold at a weighted-average price of $25.93 for about $50,512 on Feb 12.

Key Details

• Transaction dates: Feb 11, 2026 and Feb 12, 2026; Form filed Feb 13, 2026 (timely).
• Sales: 15,645 shares at $26.13 (weighted avg.) and 1,948 shares at $25.93 (weighted avg.); total proceeds ≈ $459,316.
• Conversions: The filing reports conversions of Class B common stock into Class A (recorded as acquisitions at $0.00 and as derivative disposals) — these conversions enabled the subsequent sales.
• Plan and ownership notes: Sales were effected under a Rule 10b5-1 trading plan adopted May 29, 2025 (F3). The reporting person has shared voting/dispositive power over shares held by MMMK Development, Inc. (F2).
• Price ranges: The filing reports the sales were executed in multiple trades at prices ranging approximately $25.86–$26.83 and $25.86–$26.10 for the respective blocks; the reporting person can provide a breakdown on request (F4, F5).
• Shares owned after the transactions: not specified in the supplied filing details.

Context

• These transactions are sales (not purchases). The conversions reflect a change of share class (Class B to Class A) rather than a cash purchase; the converted shares were then sold. Because the sales were executed under a pre-established 10b5-1 plan, they are typically considered routine disposition transactions rather than immediate signals of a change in insider sentiment.