Tanious Jubran N. 4

What Happened
Tanious Jubran, President and COO of Savers Value Village, exercised a total of 36,504 options on March 12, 2026 (8,375 + 28,129) by paying $8.03 per share (total exercise cost ≈ $293,127). He also had 7,244 shares surrendered to the company to satisfy tax withholding obligations (≈ $58,169). Separately, 153,452 restricted stock units (RSUs) vested/converted to common shares (valued at $7.80 each, ≈ $1,196,926). The filing also records additional RSU awards (76,923 and 16,418 RSUs) granted on March 12–13, 2026 that are subject to vesting schedules.

Key Details

• Transaction dates: reported period March 12, 2026; Form 4 filed March 16, 2026. No late-filing indicator shown in the summary.
• Options exercised: 36,504 shares at $8.03 each; total exercise cost ≈ $293,127. Two derivative entries reflect the options converted into shares. (Transaction code M = option exercise/conversion.)
• Tax withholding: 7,244 shares surrendered to cover tax liability (transaction code F). Amount ≈ $58,169.
• RSUs: 153,452 vested RSUs converted to shares (valued at $7.80 each ≈ $1.2M). Additional RSU awards of 76,923 and 16,418 are recorded as granted and remain subject to vesting schedules. (Transaction code A = award/grant.)
• Net newly added common shares from these events (exercises + vested RSUs − shares withheld) = 182,712 shares. The filing does not state total shares owned after the transactions.
• Footnotes: confirm the exercised instruments were options (each option = one share) and that RSUs convert one-for-one upon vesting; some awards vest in future installments (see filing footnotes for vesting schedules).

Context
These are a mix of option exercises and RSU activity. Exercising options converts derivatives into common stock; surrendering shares for tax withholding is a routine administrative step and not a market sale. The large RSU vesting is effectively compensation and increases beneficial ownership when converted; the additional RSU grants are future compensation subject to vesting. As always, these filings are factual records of transactions and do not by themselves indicate the insider’s view of the company’s prospects.