Michael Karanikolas - Nov 4, 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
Stock symbol: RVLV
Transactions as of: Nov 4, 2024
Transactions value $: -$7,777,357
Form type: 4
Date filed: 11/6/2024, 07:02 PM
Previous filing: Oct 17, 2024
Next filing: Nov 22, 2024

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	+20.4K		$0.00	20.4K	Nov 4, 2024	By MMMK Development, Inc.	F1, F2
transaction	RVLV	Class A Common Stock	Sale	-$529K	-20.4K	-100%	$25.95	0	Nov 4, 2024	By MMMK Development, Inc.	F2, F3, F4
transaction	RVLV	Class A Common Stock	Conversion of derivative security	$0	+37.1K		$0.00	37.1K	Nov 5, 2024	By MMMK Development, Inc.	F1, F2
transaction	RVLV	Class A Common Stock	Sale	-$962K	-37.1K	-100%	$25.92	0	Nov 5, 2024	By MMMK Development, Inc.	F2, F3, F5
transaction	RVLV	Class A Common Stock	Conversion of derivative security	$0	+200K		$0.00	200K	Nov 6, 2024	By MMMK Development, Inc.	F1, F2
transaction	RVLV	Class A Common Stock	Sale	-$592K	-19.9K	-9.97%	$29.69	180K	Nov 6, 2024	By MMMK Development, Inc.	F2, F3, F6
transaction	RVLV	Class A Common Stock	Sale	-$1.71M	-55.4K	-30.76%	$30.79	125K	Nov 6, 2024	By MMMK Development, Inc.	F2, F3, F7
transaction	RVLV	Class A Common Stock	Sale	-$2.49M	-78.1K	-62.66%	$31.81	46.5K	Nov 6, 2024	By MMMK Development, Inc.	F2, F3, F8
transaction	RVLV	Class A Common Stock	Sale	-$1.5M	-46.5K	-100%	$32.32	0	Nov 6, 2024	By MMMK Development, Inc.	F2, F3, F9
holding	RVLV	Class A Common Stock						123K	Nov 4, 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	Ownership	Footnotes
transaction	RVLV	Class B Common Stock	Conversion of derivative security	$0	-20.4K	-0.06%	$0.00	32.4M	Nov 4, 2024	Class A Common Stock	20.4K	By MMMK Development, Inc.	F1, F2
transaction	RVLV	Class B Common Stock	Conversion of derivative security	$0	-37.1K	-0.11%	$0.00	32.4M	Nov 5, 2024	Class A Common Stock	37.1K	By MMMK Development, Inc.	F1, F2
transaction	RVLV	Class B Common Stock	Conversion of derivative security	$0	-200K	-0.62%	$0.00	32.2M	Nov 6, 2024	Class A Common Stock	200K	By MMMK Development, Inc.	F1, F2

* 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 $26.105, 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 $25.86 to $26.08, 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 $29.15 to $30.14, 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.
F7	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 $30.15 to $31.14, 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.
F8	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 $31.15 to $32.145, 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.
F9	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 $32.15 to $32.735, 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.