Walsh Mark T. 4

What Happened

• Mark T. Walsh, CEO and Director of Savers Value Village, exercised stock options and received restricted stock unit (RSU) awards. On March 12, 2026 he exercised options that resulted in the acquisition of 33,502 shares (at $8.03 each, $269,021) and 93,764 shares (at $8.03 each, $752,925). To satisfy tax withholding on vesting, 34,903 shares were surrendered (reported as disposed) at $8.03 each ($280,271). In connection with company awards, Walsh was granted 511,508 RSUs with a reported value of $7.80 per share (total $3,989,762) and additional RSU/derivative awards (256,410 and 80,901 units reported at $0.00 in the filing, representing contingent RSUs/options).

Key Details

• Transaction dates: primarily March 12, 2026 (one grant reported March 13, 2026). Form filed March 16, 2026 covering period ending March 12, 2026.
• Exercise payments: two option exercises totaling $1,021,946 paid (33,502 @ $8.03 = $269,021; 93,764 @ $8.03 = $752,925).
• Tax withholding: 34,903 shares surrendered to satisfy taxes (reported value $280,271).
• Awards/grants: 511,508 RSUs at $7.80/share (reported value $3,989,762); additional RSU/option units of 256,410 and 80,901 reported as $0.00 in the filing (contingent/derivative instruments).
• Footnotes: F1–F9 explain that many items are RSUs converting one-for-one to common stock on vesting, some awards vest in future tranches (2027–2029), and options are scheduled to vest in thirds (see F5–F8). F3 notes the share surrender was for tax withholding.
• Shares owned after transaction: not provided in the excerpt supplied.
• Filing timeliness: Form 4 filed March 16, 2026 for March 12 transactions — appears filed within the typical two business-day window.

Context

• Exercise and conversion: The filing shows Walsh exercised derivative instruments (options) and also had RSUs vest/awarded. The reported surrender of 34,903 shares to the company was to cover tax withholding (a common cashless-tax-withholding mechanism), not an open-market sale.
• Vesting schedule: Some granted options/RSUs are subject to future vesting (F5–F8), so not all granted units are immediately transferable shares.
• What this means for investors: These transactions are largely compensation-related (exercises and RSU grants/vests) rather than open-market purchases or outright sales; they reflect management compensation actions rather than a straightforward buy/sell signal.