Michael Mente - 15 Oct 2024 Form 4 Insider Report for Revolve Group, Inc. (RVLV)

Role
CO-CHIEF EXECUTIVE OFFICER, Director, 10%+ Owner
Signature
/s/ Jodi Lumsdaine Chapin, attorney-in-fact
Issuer symbol
RVLV
Transactions as of
15 Oct 2024
Net transactions value
-$3,080,512
Form type
4
Filing time
17 Oct 2024, 18:34:28 UTC
Previous filing
20 Sep 2024
Next filing
06 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RVLV Class A Common Stock Conversion of derivative security $0 +36,114 $0.000000 36,114 15 Oct 2024 By MMMK Development, Inc. F1, F2
transaction RVLV Class A Common Stock Sale $937,158 -36,114 -100% $25.95 0 15 Oct 2024 By MMMK Development, Inc. F2, F3, F4
transaction RVLV Class A Common Stock Conversion of derivative security $0 +33,164 $0.000000 33,164 16 Oct 2024 By MMMK Development, Inc. F1, F2
transaction RVLV Class A Common Stock Sale $870,887 -33,164 -100% $26.26 0 16 Oct 2024 By MMMK Development, Inc. F2, F3, F5
transaction RVLV Class A Common Stock Conversion of derivative security $0 +48,346 $0.000000 48,346 17 Oct 2024 By MMMK Development, Inc. F1, F2
transaction RVLV Class A Common Stock Sale $1,272,467 -48,346 -100% $26.32 0 17 Oct 2024 By MMMK Development, Inc. F2, F3, F6
holding RVLV Class A Common Stock 73,000 15 Oct 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RVLV Class B Common Stock Conversion of derivative security $0 -36,114 -0.11% $0.000000 32,518,725 15 Oct 2024 Class A Common Stock 36,114 By MMMK Development, Inc. F1, F2
transaction RVLV Class B Common Stock Conversion of derivative security $0 -33,164 -0.1% $0.000000 32,485,561 16 Oct 2024 Class A Common Stock 33,164 By MMMK Development, Inc. F1, F2
transaction RVLV Class B Common Stock Conversion of derivative security $0 -48,346 -0.15% $0.000000 32,437,215 17 Oct 2024 Class A Common Stock 48,346 By MMMK Development, Inc. F1, F2
holding RVLV Class B Common Stock 35,331 15 Oct 2024 Class A Common Stock 35,331 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
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 MMMK Development, Inc. on December 11, 2023.
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 $25.86 to $26.275, 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 $25.90 to $26.44, 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 $25.93 to $26.625, 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.