Jesse Timmermans - Nov 6, 2024 Form 4 Insider Report for Revolve Group, Inc. (RVLV)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Jodi Lumsdaine Chapin, attorney-in-fact
Stock symbol
RVLV
Transactions as of
Nov 6, 2024
Transactions value $
-$2,814,720
Form type
4
Date filed
11/8/2024, 04:30 PM
Previous filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RVLV Class A Common Stock Options Exercise $0 +91.6K +3000.16% $0.00 94.7K Nov 6, 2024 Direct F1
transaction RVLV Class A Common Stock Sale -$2.81M -91.6K -96.77% $30.72 3.05K Nov 6, 2024 Direct F2

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 Stock Option (right to buy) Options Exercise $0 -3.71K -100% $0.00 0 Nov 6, 2024 Class B Common Stock 3.71K $7.67 Direct F3, F4
transaction RVLV Class B Common Stock Options Exercise $0 +3.71K $0.00 3.71K Nov 6, 2024 Class A Common Stock 3.71K Direct F4
transaction RVLV Class B Common Stock Conversion of derivative security $0 -3.71K -100% $0.00 0 Nov 6, 2024 Class A Common Stock 3.71K Direct F4
transaction RVLV Stock Option (right to buy) Options Exercise $0 -47.6K -100% $0.00 0 Nov 6, 2024 Class B Common Stock 47.6K $8.54 Direct F3, F4
transaction RVLV Class B Common Stock Options Exercise $0 +47.6K $0.00 47.6K Nov 6, 2024 Class A Common Stock 47.6K Direct F4
transaction RVLV Class B Common Stock Conversion of derivative security $0 -47.6K -100% $0.00 0 Nov 6, 2024 Class A Common Stock 47.6K Direct F4
transaction RVLV Stock Option (right to buy) Options Exercise $0 -28.5K -75% $0.00 9.5K Nov 6, 2024 Class A Common Stock 28.5K $10.32 Direct F5
transaction RVLV Stock Option (right to buy) Options Exercise $0 -11.8K -20% $0.00 47.1K Nov 6, 2024 Class A Common Stock 11.8K $13.05 Direct F6
* 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 Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the reporting person.
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 7, 2024.
F3 The option vested and became exercisable on March 10, 2022.
F4 Class B Common Stock is convertible at any time, at the holder's election, into Class A Common Stock on a one-for-one basis and has no expiration date.
F5 The stock option vests over five years, with 1/5th of the total shares vesting and becoming exercisable annually beginning on April 13, 2021 such that the option is fully vested and exercisable on April 13, 2025, in each case subject to the Reporting Person's continued service to the Issuer or any parent or subsidiary of the Issuer through each such date.
F6 The stock option vests over five years, with 1/5th of the total shares vesting and becoming exercisable annually beginning on September 15, 2024 such that the option is fully vested and exercisable on September 15, 2028, in each case subject to the Reporting Person's continued service to the Issuer or any parent or subsidiary of the Issuer through each such date.