Karanikolas Michael 4
4 · Revolve Group, Inc. · Filed Apr 29, 2026
Research Summary
AI-generated summary of this filing
Revolve (RVLV) CEO Michael Karanikolas Sells Shares
What Happened
- Michael Karanikolas, CEO of Revolve Group, sold a total of 119,241 shares of Class A common stock across April 27–29, 2026 for aggregate proceeds of approximately $3,141,400. The sales followed automatic conversions of Class B shares into Class A shares (recorded as $0 acquisitions/conversions) and were executed in the open market.
- Breakdown: 60,923 shares sold on 2026-04-27 at a weighted-average price of $26.43 ($1,610,195); 42,678 shares sold on 2026-04-28 at $26.35 ($1,124,565); 15,640 shares sold on 2026-04-29 at $26.00 ($406,640).
Key Details
- Transaction dates: April 27, 28 and 29, 2026.
- Prices/ranges: weighted averages as above; individual sale prices ranged roughly $25.86–$26.835 across the transactions (see filing footnotes for exact ranges by date).
- Total shares sold: 119,241; total proceeds: ~$3.14 million.
- Conversions: Each sale followed conversion of Class B common stock into an equal number of Class A shares (footnote F1). The conversions are recorded as derivative conversions at $0.
- Trading plan: Sales were made under a pre-established Rule 10b5‑1 trading plan adopted May 29, 2025 (footnote F3).
- Ownership post‑transaction: Not specified in the excerpt provided — see the Form 4 for reported post-transaction holdings.
- Filing timeliness: Form filed April 29, 2026; appears to be timely based on the transaction dates.
Context
- These transactions reflect conversion of Class B shares to Class A followed by scheduled sales under a 10b5‑1 plan — a common way insiders sell shares without signaling new, contemporaneous private information.
- The conversion entries are not option exercises; they document the conversion of Class B stock into Class A (automatic upon sale per the filing).
- As with any insider sale, this is factual reporting of disposition, not a definitive signal about management’s view of the company.
Insider Transaction Report
Form 4
Karanikolas Michael
DirectorCO-CHIEF EXECUTIVE OFFICER10% Owner
Transactions
- Conversion
Class A Common Stock
[F1][F2]2026-04-27+60,923→ 60,923 total(indirect: By MMMK Development, Inc.) - Sale
Class A Common Stock
[F3][F4][F2]2026-04-27$26.43/sh−60,923$1,610,195→ 0 total(indirect: By MMMK Development, Inc.) - Conversion
Class A Common Stock
[F1][F2]2026-04-28+42,678→ 42,678 total(indirect: By MMMK Development, Inc.) - Sale
Class A Common Stock
[F3][F5][F2]2026-04-28$26.35/sh−42,678$1,124,565→ 0 total(indirect: By MMMK Development, Inc.) - Conversion
Class A Common Stock
[F1][F2]2026-04-29+15,640→ 15,640 total(indirect: By MMMK Development, Inc.) - Sale
Class A Common Stock
[F3][F6][F2]2026-04-29$26.00/sh−15,640$406,640→ 0 total(indirect: By MMMK Development, Inc.) - Conversion
Class B Common Stock
[F1][F2]2026-04-27−60,923→ 30,046,924 total(indirect: By MMMK Development, Inc.)→ Class A Common Stock (60,923 underlying) - Conversion
Class B Common Stock
[F1][F2]2026-04-28−42,678→ 30,004,246 total(indirect: By MMMK Development, Inc.)→ Class A Common Stock (42,678 underlying) - Conversion
Class B Common Stock
[F1][F2]2026-04-29−15,640→ 29,988,606 total(indirect: By MMMK Development, Inc.)→ Class A Common Stock (15,640 underlying)
Holdings
- 123,000
Class A Common Stock
Footnotes (6)
- [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 $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.
- [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 $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.
- [F6]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