REVOLVE GROUP, INC. : Change in Directors or Principal Officers (form 8-K)

Item 5.02  Departure of Directors or Certain Officers; Election of Directors;
           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.

(e) Compensation for Named Executive Officers

On March 8, 2021, the Board of Directors (the "Board") of Revolve Group, Inc. (the "Company") approved the following for the Company's named executive officers: 2020 year-end bonuses, 2021 base salaries and 2021 bonus targets and applicable performance targets pursuant to the Company's Executive Incentive Compensation Plan, as summarized in the table below and effective as of March 8, 2021.

                                          2020 Bonus     2021 Base Salary   2021 Target Bonus
Mike Karanikolas, Co-Chief Executive       $155,000         $   450,000                 $   -

Officer

Michael Mente, Co-Chief Executive              155,000          450,000                     -

Officer

David Pujades, Chief Operating Officer         267,884            490,000             196,000
Jesse Timmermans, Chief Financial              216,600            450,000             200,000
Officer

The 2021 bonuses will be paid 50% in cash and 50% through the vesting of restricted stock units awarded on March 8, 2021 under the Company's 2019 Equity Incentive Plan, subject to achievement of certain performance targets and the recipient's continued service with the Company through the date of determination.

As previously disclosed, the Board approved a voluntary reduction to each named executive officer's annual base salary for a portion of 2020 as part of the Company's response to the COVID-19 pandemic. The reductions ranged from 50% to 99% of the annual base salaries and were in effect from April 12, 2020 through August 15, 2020. Following the Board's review of the Company's financial condition, each named executive officer's 2020 year-end bonus also includes a one-time discretionary bonus in an amount that approximates the amount by which such named executive officer's annual base salary was reduced in 2020.

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