Mente Michael 4

What Happened

• Michael Mente, CEO of Revolve Group, sold a total of 119,241 shares of Class A common stock across April 27–29, 2026, generating approximately $3,141,400 in proceeds. The reported transactions reflect the automatic conversion of Class B shares into Class A shares (no cash paid on conversion) followed by open-market sales.
• Breakdown by date: Apr 27 — converted and sold 60,923 shares at a weighted‑avg price of $26.43 for ~$1,610,195; Apr 28 — converted and sold 42,678 shares at $26.35 for ~$1,124,565; Apr 29 — converted and sold 15,640 shares at $26.00 for ~$406,640.

Key Details

• Transaction dates/prices: Apr 27–29, 2026; weighted-average sale prices were $26.43, $26.35 and $26.00 respectively. Individual trade prices ranged: Apr 27 $26.25–$26.835; Apr 28 $26.20–$26.63; Apr 29 $25.86–$26.30 (see footnotes).
• Proceeds: ~ $3.14 million total.
• Conversion note: Class B shares are convertible into an equal number of Class A shares with no expiration; conversions occurred automatically when the shares were sold (Footnote F1).
• Plan/authorization: Sales were made under a Rule 10b5‑1 trading plan adopted May 29, 2025 (Footnote F3).
• Ownership disclosure: The filing notes the reporting person is a stockholder of MMMK Development, Inc. and shares voting and dispositive power over MMMK’s shares (Footnote F2).
• Filing timeliness: Report filed Apr 29, 2026 for transactions Apr 27–29, 2026 — appears timely (Form 4 is due within two business days of the transaction).
• Shares owned after transaction: Not specified in the provided excerpt of the Form 4.

Context

• These were sales (not purchases), so they reduce the insider’s public float but do not by themselves indicate the CEO’s view of the company’s prospects. The sales were pre‑arranged under a 10b5‑1 plan, which is commonly used to execute trades on a set schedule and can reduce the appearance of trading on nonpublic information.
• For derivative entries: no cash exercise occurred — the filings show conversion of Class B to Class A (derivative conversion) immediately followed by sale of the resulting Class A shares.