Mark T. Walsh - 28 Jun 2023 Form 3 Insider Report for Savers Value Village, Inc. (SVV)

Role
Chief Executive Officer, Director
Signature
/s/ Mark T. Walsh
Issuer symbol
SVV
Transactions as of
28 Jun 2023
Transactions value $
$0
Form type
3
Filing time
28 Jun 2023, 17:56:50 UTC
Next filing
14 Mar 2024
SEC
View on sec.gov

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
holding SVV Option (Right to Purchase) 28 Jun 2023 Common Stock 2,272,761 $1.41 Direct F1, F2
holding SVV Option (Right to Purchase) 28 Jun 2023 Common Stock 2,150,984 $3.16 Direct F1, 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 Approximately 40% represents time-based options with a vesting schedule in substantially equal annual installments over five years starting October 7, 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.
F3 Approximately 40% represents time-based options with a vesting schedule in substantially equal annual installments over five years starting December 9, 2021, 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.

Remarks:

Exhibit 24.1 - Power of Attorney