SCHEDULE: Revolve Group Insiders Maintain Significant Stake

MMMK Development, Inc., Michael Karanikolas, and Michael Mente collectively report beneficial ownership of over 43% of Revolve Group, Inc.'s Class A Common Stock.

Summary

• MMMK Development, Inc., Michael Karanikolas, and Michael Mente are the reporting persons in this Schedule 13G Amendment No. 6.
• MMMK Development, Inc. beneficially owns 30,474,618 shares, representing 43.0% of Revolve Group, Inc.'s Class A Common Stock.
• Michael Karanikolas beneficially owns 30,597,618 shares, representing 43.1% of Revolve Group, Inc.'s Class A Common Stock.
• Michael Mente beneficially owns 30,582,949 shares, representing 43.1% of Revolve Group, Inc.'s Class A Common Stock.
• These percentages are based on 40,415,438 shares of Class A common stock outstanding as of October 28, 2025, as reported in the company's Quarterly Report on Form 10-Q filed on November 4, 2025.
• Messrs. Karanikolas and Mente share voting and dispositive power over 30,474,618 shares held by MMMK Development, Inc., which are Class B common stock convertible into Class A common stock on a one-for-one basis.
• Michael Karanikolas holds 123,000 shares with sole voting and dispositive power.
• Michael Mente holds 108,331 shares with sole voting and dispositive power, comprising 73,000 Class A shares and 35,331 Class B shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as significant insider ownership typically indicates strong confidence from key executives in the company's long-term performance and strategic direction.

Positives

• Significant insider ownership (over 43%) indicates strong alignment of interests between management and shareholders.
• The stability of this large ownership stake suggests confidence from key executives in the company's long-term prospects.

Industry Context

StockSavvy.ai notes that high insider ownership, as seen with Revolve Group, Inc., is often viewed positively in the market as it suggests that the company's leadership has a vested interest in its success, aligning their financial interests with those of public shareholders. This level of concentrated ownership by founders/executives is common in growth-oriented companies, particularly those with a strong brand identity in the e-commerce fashion sector.

Stakeholder Impact

• Shareholders: The significant and stable insider ownership by founders Michael Karanikolas and Michael Mente, along with MMMK Development, Inc., suggests a strong alignment of interests between management and public shareholders, potentially fostering long-term value creation.

Key Dates

Recommendation

The filing is a routine Schedule 13G amendment disclosing stable, significant insider ownership. While high insider ownership is generally a positive indicator of management's commitment, this specific filing does not present new information that would warrant a change in investment thesis or a strong buy/sell recommendation. It reinforces a 'hold' position for investors who value strong insider alignment.

Keywords

Revolve Group, RVLV, Schedule 13G, Beneficial Ownership, Insider Ownership, MMMK Development, Michael Karanikolas, Michael Mente, Class A Common Stock, SEC Filing