Savers Value Village (SVV) CFO Michael Maher Exercises Options, Sells Shares

What Happened

• Michael W. Maher, CFO & Treasurer of Savers Value Village, exercised 44,742 stock options at $7.11 per share (total exercise cost $318,116) and sold shares the same day. He sold 44,742 of those shares at a weighted average price of $12.33 (proceeds $551,879) and an additional 5,000 shares at a weighted average $12.31 (proceeds $61,539). Total shares sold = 49,742 for total gross proceeds of approximately $613,418.
• These transactions combine an option exercise (acquisition) and open-market sales (dispositions). Sales were made pursuant to a pre-established 10b5-1 plan (see Key Details), so they are typically considered routine liquidity rather than an explicit endorsement or repudiation of company prospects.

Key Details

• Transaction date: August 7, 2026.
• Exercise: 44,742 options exercised at $7.11/share — total cost $318,116. (Derivative code M)
• Sales:
  • 44,742 shares sold at weighted avg $12.33 (range $12.00–$12.65) — proceeds $551,879. (F2)
  • 5,000 shares sold at weighted avg $12.31 (range $12.00–$12.61) — proceeds $61,539. (F3)
• Total sold: 49,742 shares for ~$613,418.
• Footnotes: F1 — sales executed under a 10b5-1 trading plan adopted March 2, 2026; F4/F5 — options are non-qualified stock options subject to vesting (scheduled in ~one-third increments on Mar 12, 2026, Mar 12, 2027 and Mar 12, 2028).
• Shares owned after transaction: Not specified in this Form 4.
• Filing timeliness: Filing and report date are August 7, 2026 — appears to be timely (not marked late).

Context

• This appears to be a cashless exercise followed by immediate sale of the exercised shares (exercise + dispose on same date), consistent with converting vested option value to cash. The additional 5,000-share sale likely came from existing holdings.
• Sales under a 10b5-1 plan are pre-arranged and commonplace for insiders managing tax or liquidity needs; they do not, by themselves, indicate insider sentiment about the company’s prospects.