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

Signature
Richard Medway
Issuer symbol
SVV
Transactions as of
14 Nov 2024
Net transactions value
-$167,505
Form type
4
Filing time
18 Nov 2024, 16:32:08 UTC
Previous filing
05 Apr 2024
Next filing
11 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SVV Common Stock Options Exercise $27,495 +19,500 $1.41 19,500 14 Nov 2024 Direct
transaction SVV Common Stock Sale $195,000 -19,500 -100% $10.00 0 14 Nov 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 -19,500 -3.3% $0.000000 565,169 14 Nov 2024 Common Stock 19,500 $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.