Maher Michael W 4

What Happened

• Michael W. Maher, CFO & Treasurer of Savers Value Village, exercised/converted derivative awards and received new grants. On March 12, 2026 he acquired 18,752 shares via exercise/conversion (reported at $8.03 per share; $150,579). To cover tax withholding on vested units he surrendered 4,567 shares (value reported $36,673), leaving a net 14,185 shares added from those conversions. He was also granted derivative awards totaling 169,287 units (102,301 units reported at $7.80 with a stated value of $797,948; plus 51,282 and 15,704 units reported at $0.00).

Key Details

• Transaction dates: March 12, 2026 (primary exercises/conversions and grants); March 13, 2026 (additional grant of 15,704 units).
• Exercises/conversions: 18,752 shares @ $8.03 (acquired) = $150,579.
• Tax withholding: 4,567 shares surrendered @ $8.03 = $36,673 (disposition to satisfy taxes).
• Grants/awards: 102,301 units @ $7.80 (value ~$797,948) plus 51,282 and 15,704 units reported as derivative awards (total new derivative units = 169,287).
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • Vested RSUs from March 12, 2025 converted one-for-one upon vesting; some units were surrendered to satisfy withholding (F1–F3).
  • New non‑qualified stock options and RSUs awarded under the Omnibus Incentive Plan; most awards vest in roughly one‑third increments in 2027–2029 or one year from grant (F5–F8).
• Filing timeliness: Form 4 was filed March 16, 2026 (within the SEC’s two business‑day window for the March 12–13 transactions).

Context

• The filing combines immediate share acquisition (exercise/conversion and tax withholding) with longer‑term incentive grants. The 18,752-share conversion produced net newly issued shares after withholding; the larger 102,301‑unit award (valued at ~ $798K on the form) and other units are derivative awards subject to future vesting schedules and are not immediately free‑trading shares.
• For retail investors: exercises and conversions increase insider share ownership (a potentially positive signal), while the bulk of newly reported units are time‑vested awards meant to incentivize future performance — they do not imply immediate liquidity or sale.