---
title: "Revolve Co-CEOs Sell $847M in Class A Stock — Retain 43% Controlling Stake Through Class B Shares"
type: news
slug: revolve-co-ceos-847-million-class-a-sales-retain-43-percent-class-b-2026
canonical_url: https://13finsight.com/news/revolve-co-ceos-847-million-class-a-sales-retain-43-percent-class-b-2026
published_at: 2026-02-28T21:24:27.839Z
updated_at: 2026-03-07T14:07:31.564Z
author: Alex Rivera
author_title: Breaking News Editor
author_url: https://13finsight.com/authors/alex-rivera
word_count: 613
locale: en
source: 13F Insight
---

# Revolve Co-CEOs Sell $847M in Class A Stock — Retain 43% Controlling Stake Through Class B Shares

> Revolve Group co-CEOs Michael Karanikolas and Michael Mente have sold $847M in Class A stock while retaining 43% of the company through 30.5 million Class B shares held via MMMK Development.

Correction (March 7, 2026): This article has been substantially revised. An earlier version incorrectly stated that both co-CEOs held zero shares. In fact, they beneficially own approximately 43% of Revolve’s total outstanding common shares through Class B stock held by MMMK Development, Inc. See full correction note at the end of this article. Revolve Group co-founders and co-CEOs Michael Karanikolas and Michael Mente have sold a combined $847 million in Class A common stock over their careers. However, both remain the company’s largest shareholders through their combined 43% ownership stake in Class B shares held via MMMK Development, Inc. The two co-founders who built Revolve Group (RVLV) from a startup into a $1.5 billion online fashion platform have generated staggering returns from their Class A share sales — while retaining a controlling stake through the company’s dual-class share structure. The $433.5 Million Co-CEO Michael Mente leads the pair with $433.5 million in career Class A stock sales across 599 transactions. These sales represent the systematic monetization of his Class A holdings over a decade-long period. The $413.6 Million Co-CEO Co-CEO Michael Karanikolas follows closely with $413.6 million in career Class A stock sales across 573 transactions. The symmetry between both co-founders’ selling patterns is striking — both liquidated nearly identical amounts in their most recent tranches. Dual-Class Structure: What the Form 4 Data Doesn’t Show While the co-founders’ Form 4 filings show extensive Class A sales through MMMK Development, Inc., the company’s Schedule 13G/A filing from January 30, 2026 paints a very different ownership picture. Revolve Group operates a dual-class share structure: Class A common stock — publicly traded on NYSE Class B common stock — convertible to Class A on a 1-for-1 basis, held primarily by the co-founders through MMMK Development According to the 13G/A filing, MMMK Development holds 30,474,618 shares of Class B common stock for the benefit of both Karanikolas and Mente, representing approximately 43% of total outstanding common shares. This makes the co-founders, by a wide margin, the company’s largest shareholders. Current Ownership Summary Insider / EntityRoleCareer Class A SalesTransactionsBeneficial Ownership (incl. Class B) Michael MenteCo-CEO$433.5M59930,582,949 shares (43.1%) Michael KaranikolasCo-CEO$413.6M57330,597,618 shares (43.1%) MMMK Development, Inc.Entity (co-founder vehicle)$413.6M57030,474,618 shares (43.0%) Beneficial ownership per Schedule 13G/A filed January 30, 2026 (period ending 12/31/2025). Includes Class B common stock convertible to Class A on a 1-for-1 basis. What This Means for Investors The co-founders’ strategy reveals a calculated approach: monetize their Class A positions — generating nearly $1 billion in combined proceeds — while maintaining firm control of the company through their Class B stake. This is a common pattern among dual-class companies: founders harvest liquidity from publicly traded shares while retaining governance power through a separate share class. Both Karanikolas and Mente remain as co-CEOs with substantial economic and voting interest in the company. Their 43% combined stake through MMMK Development ensures continued alignment with long-term company performance. Revolve went public in 2019 at $18 per share. The stock has traded between $10 and $50 since then. The co-founders have clearly been selling Class A shares into every significant rally, while their Class B position has remained essentially unchanged. Correction (March 7, 2026): An earlier version of this article incorrectly stated that both co-CEOs had exited their positions entirely and held zero shares. This was based solely on Form 4 data, which tracks Class A stock transactions. In fact, the co-founders beneficially own approximately 43% of Revolve’s total outstanding common shares through Class B stock held by MMMK Development, Inc., as disclosed in their Schedule 13G/A filing dated January 30, 2026. We regret the error and have substantially revised this article. View full Revolve insider data on the RVLV stock page.

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Source: 13F Insight — https://13finsight.com/news/revolve-co-ceos-847-million-class-a-sales-retain-43-percent-class-b-2026
Author: Alex Rivera — https://13finsight.com/authors/alex-rivera
Last updated: 2026-03-07T14:07:31.564Z