MMMK Development, Inc. 4
4 · Revolve Group, Inc. · Filed Apr 13, 2026
Research Summary
AI-generated summary of this filing
Revolve (RVLV) 10% Owner MMMK Development Sells 15,972 Shares
What Happened
MMMK Development, Inc. (reported as a 10% owner) converted 15,972 shares of Class B common stock into Class A common stock and sold those 15,972 Class A shares in the open market on April 9, 2026. The sales generated approximately $413,675 in proceeds. The filing shows the conversion (derivative conversion) at $0.00 and the subsequent disposal as an open-market sale at a weighted-average price of $25.90 per share.
Key Details
- Transaction date: April 9, 2026. Filing date: April 13, 2026 (timely within required Form 4 window).
- Shares converted: 15,972 Class B → Class A (conversion reported as Code C).
- Shares sold: 15,972 shares disposed (Code S) for aggregate proceeds of $413,675; weighted-average sale price $25.90. Reported sale prices ranged from $25.86 to $25.975.
- Plan/authorization: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted May 29, 2025 (pre‑planned sales).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote context: Class B shares are convertible into an equal number of Class A shares at the holder’s election with no expiration; the conversion and sale occurred on the same date.
Context
MMMK Development is a 10% owner (institutional holder), not an individual executive. The sale was executed under a pre-established 10b5-1 plan, which indicates the transactions were planned in advance rather than contemporaneous trading decisions. Sales by large shareholders can reflect portfolio management or liquidity needs; purchases are generally considered a stronger signal of insider bullishness.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1]2026-04-09+15,972→ 15,972 total - Sale
Class A Common Stock
[F2][F3]2026-04-09$25.90/sh−15,972$413,675→ 0 total - Conversion
Class B Common Stock
[F1]2026-04-09−15,972→ 30,107,847 total→ Class A Common Stock (15,972 underlying)
Footnotes (3)
- [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 $25.86 to $25.975, 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.