Karanikolas Michael 4

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.