Richard Medway - Nov 14, 2024 Form 4 Insider Report for Savers Value Village, Inc. (SVV)

Role
General Counsel
Signature
Richard Medway
Stock symbol
SVV
Transactions as of
Nov 14, 2024
Transactions value $
-$167,505
Form type
4
Date filed
11/18/2024, 04:32 PM
Previous filing
Apr 5, 2024
Next filing
Dec 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SVV Common Stock Options Exercise $27.5K +19.5K $1.41 19.5K Nov 14, 2024 Direct
transaction SVV Common Stock Sale -$195K -19.5K -100% $10.00 0 Nov 14, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SVV Option (Right to Purchase) Options Exercise $0 -19.5K -3.34% $0.00 565K Nov 14, 2024 Common Stock 19.5K $1.41 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options previously granted under the Registrant's 2019 Management Incentive Plan. Each option represents the right to receive upon exercise one share of the Registrant's common stock subject to the applicable vesting and settlement conditions.
F2 The June 12, 2019 stock option grant vested in substantially equal annual installments over five years starting March 28, 2020, and was fully vested on March 28, 2024.
F3 Approximately 40% represents time-based options with a vesting schedule in substantially equal annual installments over five years starting March 28, 2020, and approximately 60% represents performance-based options, of which 25% vested upon the initial public offering and the remainder will be eligible for vesting upon satisfaction of certain performance criteria including stock price performance.