MMMK Development, Inc. 4
4 · Revolve Group, Inc. · Filed Apr 29, 2026
Research Summary
AI-generated summary of this filing
Revolve (RVLV) 10% Owner MMMK Development Sells 119,241 Shares
What Happened
- MMMK Development, Inc., a reported 10% owner of Revolve Group, converted Class B common shares into Class A common shares and sold a total of 119,241 Class A shares in open‑market transactions on April 27–29, 2026. The sales generated aggregate gross proceeds of approximately $3,141,400. The per‑date weighted‑average prices reported were $26.43 (60,923 shares on 4/27), $26.35 (42,678 shares on 4/28) and $26.00 (15,640 shares on 4/29). These transactions are sales (not purchases).
Key Details
- Transaction dates: April 27, 2026 (60,923 shares); April 28, 2026 (42,678 shares); April 29, 2026 (15,640 shares).
- Per‑date weighted‑average sale prices and proceeds: 4/27 $26.43 → $1,610,195; 4/28 $26.35 → $1,124,565; 4/29 $26.00 → $406,640. Total ≈ $3,141,400.
- Price ranges reported across the multiple executions: 4/27 sales ranged $26.25–$26.835; 4/28 ranged $26.20–$26.63; 4/29 ranged $25.86–$26.30. The filer said it can provide detailed per‑trade prices on request (F3–F5).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Notable footnotes: (F1) Class B shares are convertible into Class A on holder election and conversions here occurred in connection with the sales; (F2) the sales were made under a Rule 10b5‑1 trading plan adopted May 29, 2025.
- Timeliness: Form 4 was filed April 29, 2026 for transactions on April 27–29, 2026 (no late‑filing flag indicated).
Context
- As a 10% owner (an institutional holder, not necessarily an executive), these transactions reflect disposition of holdings rather than insider executive purchases. The filing shows conversion of convertible Class B shares into Class A shares (no cash paid for conversion) followed by open‑market sales—effectively a conversion plus sale.
- Sales executed under a prearranged 10b5‑1 plan typically indicate preplanned dispositions and do not, by themselves, imply recent change in insider sentiment.
Insider Transaction Report
Form 4
MMMK Development, Inc.
10% Owner
Transactions
- Conversion
Class A Common Stock
[F1]2026-04-27+60,923→ 60,923 total - Sale
Class A Common Stock
[F2][F3]2026-04-27$26.43/sh−60,923$1,610,195→ 0 total - Conversion
Class A Common Stock
[F1]2026-04-28+42,678→ 42,678 total - Sale
Class A Common Stock
[F2][F4]2026-04-28$26.35/sh−42,678$1,124,565→ 0 total - Conversion
Class A Common Stock
[F1]2026-04-29+15,640→ 15,640 total - Sale
Class A Common Stock
[F2][F5]2026-04-29$26.00/sh−15,640$406,640→ 0 total - Conversion
Class B Common Stock
[F1]2026-04-27−60,923→ 30,046,924 total→ Class A Common Stock (60,923 underlying) - Conversion
Class B Common Stock
[F1]2026-04-28−42,678→ 30,004,246 total→ Class A Common Stock (42,678 underlying) - Conversion
Class B Common Stock
[F1]2026-04-29−15,640→ 29,988,606 total→ Class A Common Stock (15,640 underlying)
Footnotes (5)
- [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 $26.25 to $26.835, 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.
- [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 $26.20 to $26.63, 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.
- [F5]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 $26.30, 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.
Signature
/s/ Jodi Lumsdaine Chapin, attorney-in-fact|2026-04-29