Karanikolas Michael 4

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.