Mark T. Walsh - Dec 10, 2024 Form 4 Insider Report for Savers Value Village, Inc. (SVV)

Role
Chief Executive Officer, Director
Signature
/s/ Richard Medway, attorney in fact
Stock symbol
SVV
Transactions as of
Dec 10, 2024
Transactions value $
-$507,414
Form type
4
Date filed
12/12/2024, 04:49 PM
Previous filing
Apr 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SVV Common Stock Options Exercise $84.6K +60K $1.41 60K Dec 10, 2024 Direct
transaction SVV Common Stock Sale -$592K -60K -100% $9.87 0 Dec 10, 2024 Direct F1

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 -60K -2.71% $0.00 2.15M Dec 10, 2024 Common Stock 60K $1.41 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This price represents the weighted average price per share of common stock of Savers, Inc. These Shares were executed at a range of prices from $9.54 to $10.27. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of Shares sold at each price.
F2 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.
F3 The October 7, 2019 stock option grant vested in substantially equal annual installments over five years starting October 7, 2020 until fully vested on October 7, 2024.
F4 Approximately 37% represents time-based options with a vesting schedule in substantially equal annual installments over five years starting October 7, 2020, and approximately 63% 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.