Karanikolas Michael 4
4 · Revolve Group, Inc. · Filed Apr 13, 2026
Research Summary
AI-generated summary of this filing
Revolve (RVLV) CEO Michael Karanikolas Sells 15,972 Shares
What Happened
Michael Karanikolas, CEO of Revolve Group, sold 15,972 shares of Class A common stock on April 9, 2026. The shares were the result of an automatic conversion of 15,972 shares of Class B common stock into Class A (conversion reported as acquired at $0.00 and then disposed as derivative conversion). The open-market sale generated approximately $413,675 at a weighted-average price of $25.90 per share. This was a sale (not a purchase) and appears to have been executed under a pre-established trading plan.
Key Details
- Transaction date: 2026-04-09. Sales executed at prices ranging $25.86–$25.975; weighted-average $25.90 (aggregate proceeds ≈ $413,675). (See F4.)
- Convertible shares: 15,972 Class B shares converted into 15,972 Class A shares and then sold (automatic conversion on sale). (See F1.)
- Plan/authorization: Sales effected pursuant to a Rule 10b5-1 trading plan adopted May 29, 2025. (See F3.)
- Indirect holdings: Reporting person is a stockholder of MMMK Development, Inc. and has shared voting/dispositive power over those shares. (See F2.)
- Shares owned after transaction: Not specified in the provided data (refer to the full Form 4 for post-transaction holdings).
- Filing timeliness: No late filing indicator provided in the supplied information.
Context
The filing shows a routine insider sale under a 10b5-1 plan after conversion of Class B into Class A shares (automatic upon sale). The derivative entries reflect the conversion of convertible Class B shares rather than an option exercise; the converted shares were immediately sold in the open market. For full transaction details (exact per-trade prices and post-transaction holdings), refer to the filed Form 4 or request the breakdown noted in the filing.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1][F2]2026-04-09+15,972→ 15,972 total(indirect: By MMMK Development, Inc.) - Sale
Class A Common Stock
[F3][F4][F2]2026-04-09$25.90/sh−15,972$413,675→ 0 total(indirect: By MMMK Development, Inc.) - Conversion
Class B Common Stock
[F1][F2]2026-04-09−15,972→ 30,107,847 total(indirect: By MMMK Development, Inc.)→ Class A Common Stock (15,972 underlying)
- 123,000
Class A Common Stock
Footnotes (4)
- [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 $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.