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

What Happened

• Richard A. Medway, General Counsel of Savers Value Village (SVV), exercised stock options and sold shares on August 3, 2026. He exercised 10,000 options at $1.41 per share (cost $14,100) and sold 10,000 shares in the open market at $10.48 per share (gross proceeds $104,800). The filing also reports a related disposition of 10,000 option-derived units at $1.41 (the option conversion/surrender).
• This transaction is primarily a sale (routine liquidity) following an option exercise; the sale produced gross proceeds of $104,800 and, after subtracting the exercise cost of $14,100, yields approximately $90,700 before taxes and fees.

Key Details

• Transaction date: 2026-08-03.
• Prices and amounts:
  • Option exercise (M): 10,000 shares @ $1.41 = $14,100 (acquired).
  • Open-market sale (S): 10,000 shares @ $10.48 = $104,800 (disposed).
  • Option/derivative disposition (M): 10,000 @ $1.41 = $14,100 (reported as derivative disposition).
• Shares owned after the transaction: not disclosed in the provided filing.
• Notable footnotes:
  • F1: The sale was executed under a pre-established 10b5-1 trading plan adopted by Medway on March 18, 2026.
  • F2–F4: The options were granted under the company’s 2019 Management Incentive Plan (June 12, 2019 grant), vested over five years and were fully vested on March 28, 2024; a performance-only portion is reported separately.
• Filing timeliness: Form filed 2026-08-04 covering transactions on 2026-08-03 — no late filing indicated.

Context

• For clarity, the sequence shows an option exercise followed by a same-day open-market sale of the exercised shares, effectively resulting in cash proceeds (commonly called a cashless outcome for those shares). The separate derivative disposition line reflects the mechanics of converting/surrendering the option units under the company’s plan.
• These are insider transactions by a company officer (not a 10% owner) and were executed under a 10b5-1 plan; such sales are often pre-planned and do not by themselves indicate a change in the insider’s view of the company.