Savers Value Village (SVV) — Ares Management LLC Sells 23M Shares

What Happened
Ares Management LLC, part of the Ares Entities and a greater‑than‑10% holder of Savers Value Village, sold 23,000,000 shares of Savers Value Village, Inc. on August 13, 2026. The shares were disposed at $10.25 per share for total proceeds of approximately $235,750,000. The transaction is reported as an open‑market or private sale (Form 4 sale code "S") and represents an institutional disposition, not an executive insider trade.

Key Details

• Transaction date and price: August 13, 2026 — 23,000,000 shares at $10.25 each.
• Total proceeds: ~$235,750,000.
• Shares owned after transaction: collectively reported 94,449,188 shares (this sum includes 1,760,937 "Managed Shares" that Ares disclaims beneficial ownership of).
• Footnotes: multiple Ares funds/entities are involved (ACOF V, ASSF IV AIV B Holdings III, ASSF IV AIV B, ASOF Holdings I, and a managed account). The filing explains the complex Ares corporate structure and shared/delegated voting or dispositive powers; each entity disclaims beneficial ownership of securities not held of record.
• Filing timeliness: Form 4 was filed on Aug 17, 2026 for the Aug 13 transaction (within the standard two business‑day reporting window).
• Separate filings: several related Ares entities filed separate Form 4s due to system limitations (not uncommon).

Context
This is an institutional sale by a 10%+ holder (Ares Entities), which is different from an executive or director selling personal shares. Sales by large institutional holders can reflect portfolio rebalancing or liquidity needs and are not, by themselves, a clear signal of company fundamentals. The Ares Entities’ filing includes disclaimers about managed shares and shared beneficial ownership; read the footnotes for detail on which specific funds and managers hold or manage the reported shares.