Trade Summary

4 days ago, Refo SCSp, serving as 10% owner Owner at Reformation Inc. (REF), sold 2,987,199 shares at $13.95 per share, for a total transaction value of $41,671,426.05. Following this transaction, Refo SCSp now holds 29,091,749 shares of REF.

This sale represents a 9.31% decrease in Refo SCSp's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Friday, July 31, 2026 and publicly disclosed via SEC Form 4 filing on Saturday, August 1, 2026 (accepted Jul 31, 9:52 PM ET), 1 day after the trade was made.

Reformation Inc. operates in the CONSUMER CYCLICAL sector, specifically within the APPAREL RETAIL industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.