MMMK Development, Inc. 4

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.