Savers Value Village (SVV) GC Richard Medway Sells Shares, Exercises Options

What Happened

• Richard A. Medway, General Counsel of Savers Value Village (SVV), exercised a total of 55,000 stock options and sold 55,000 shares. The exercises occurred on Aug 5 and Aug 7, 2026; exercise-related consideration totaled $106,698 (the aggregate exercise price paid). Separate open-market sales generated approximately $648,900 in gross proceeds.
• Breakdown: exercised 10,000 shares (8/5) at $1.41 (paid $14,100) and exercised 45,000 shares (8/7) via three option exercises: 16,656 @ $3.16 ($52,633), 23,344 @ $1.41 ($32,915), and 5,000 @ $1.41 ($7,050). Open-market sales: 10,000 @ $10.98 ($109,800) on 8/5 and three 15,000 blocks on 8/7 at $11.48 ($172,200), $11.98 ($179,700) and $12.48 ($187,200) — total open-market sales ≈ $648,900 (average ≈ $11.80/share).
• Net effect: exercised options to acquire shares and sold the same number of shares (some shares were disposed immediately as part of the exercise), so this was not a net buy of shares.

Key Details

• Transaction dates & prices: Aug 5, 2026 (exercise 10,000 @ $1.41; sale 10,000 @ $10.98); Aug 7, 2026 (exercises 16,656 @ $3.16, 23,344 @ $1.41, 5,000 @ $1.41; sales: three blocks of 15,000 @ $11.48, $11.98, $12.48).
• Exercise (option) consideration paid: $106,698 (aggregate).
• Open-market sale proceeds: ≈ $648,900 (aggregate).
• Shares owned after transaction: Not specified in the filing provided.
• Footnotes: Sales were made pursuant to a 10b5-1 trading plan adopted March 18, 2026 (F1). Options exercised were previously granted under the company’s 2019 Management Incentive Plan and a 2020 grant; vesting details and exclusions are noted in footnotes F2–F6 (grants were vested per the footnote schedules).
• Timeliness: Filing dated Aug 7, 2026 covering Aug 5–7 transactions; appears to be filed within the typical reporting window.

Context

• These transactions combine option exercises and immediate/near-immediate dispositions (a common pattern when insiders exercise vested options and sell shares to cover the exercise or to realize gains). The filing shows no net accumulation of shares by the insider.
• Sales under a 10b5-1 plan indicate the trades were prearranged; that reduces the likelihood the timing reflects new insider information but does not guarantee it. This summary is factual and does not speculate on motivations.