The mechanism of the Pb(IV)-promoted phenol oxidative dearomatization reaction has been traditionally attributed to a carbocation mechanism. In 2011, Pettus reported an oxidative dearomatization reaction leading to a mixture of a formal [5 + 2] and a C−O bond formation product. By employing density functional theory and quasimolecular dynamics calculations, it was demonstrated that the reaction does not occur through a carbocation intermediate but instead proceeds through an addition-coupled electron transfer (ACET) mechanism. Moreover, the ACET exhibits ambimodality, wherein a transition state results in 4−6 distinct outcomes through post-TS bifurcation. The reported selectivity can be effectively rationalized by a newly proposed mechanism.