Form 4: Savers Value Village CEO Exercises, Sells Stock Options

Savers Value Village CEO Mark T. Walsh exercised and sold common stock options, generating proceeds from shares traded at an average of $13.01 and $13.00.

Summary

• Mark T. Walsh, CEO and Director of Savers Value Village, Inc. (SVV), executed transactions involving the exercise of stock options and subsequent sale of common stock.
• On September 17, 2025, Mr. Walsh exercised 3,970 options at an exercise price of $1.41 per share and immediately sold 3,970 shares of common stock at a weighted average price of $13.0106 per share.
• On September 18, 2025, Mr. Walsh exercised an additional 2,100 options at $1.41 per share and sold 2,100 shares of common stock at a weighted average price of $13.0002 per share.
• These sales were conducted pursuant to a Rule 10b5-1 Plan adopted by Mr. Walsh on May 19, 2025.
• Following these transactions, Mr. Walsh's direct beneficial ownership of common stock is 0 shares.
• Mr. Walsh continues to beneficially own 2,098,640 derivative securities (options), which were granted under the Registrant's 2019 Management Incentive Plan.
• Approximately 37% of the remaining options are time-based, fully vested on October 7, 2024, and approximately 63% are performance-based, with 25% vested upon the initial public offering and the remainder eligible for vesting upon satisfaction of certain performance criteria, including stock price performance.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction (exercise and sale of options) executed under a pre-planned 10b5-1 plan. While insider sales can sometimes be viewed negatively, the pre-planned nature mitigates immediate concerns. It reflects the CEO monetizing vested equity compensation, which is a common practice and does not inherently indicate a positive or negative outlook for the company.

Positives

• The transactions were executed under a pre-arranged Rule 10b5-1 Plan, indicating a structured and transparent approach to managing equity compensation.
• The sale prices of $13.0106 and $13.0002 per share are significantly higher than the exercise price of $1.41 per share, demonstrating substantial gains for the CEO from his equity compensation.

Negatives

• An insider sale, even if pre-planned, can sometimes be perceived negatively by the market, potentially raising questions about management's long-term confidence, though the 10b5-1 plan mitigates this concern.

Risks

• The vesting of approximately 63% of the CEO's remaining derivative securities is contingent upon the satisfaction of certain performance criteria, including stock price performance, introducing a risk related to achieving these targets.

Future Outlook

The remainder of performance-based options (approximately 63% of total options) will be eligible for vesting upon satisfaction of certain performance criteria, including stock price performance.

Management Comments

• The sale was made pursuant to a 10b5-1 Plan adopted by the reporting person on May 19, 2025.
• The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of Shares sold at each price.

Industry Context

This filing details a routine insider transaction for an executive managing their equity compensation. It does not provide information to assess broader industry trends for Savers Value Village within the retail or thrift sector.

Comparison to Industry Standards

• The execution of stock option exercises and subsequent sales under a Rule 10b5-1 plan is a common and standard practice for executives in publicly traded companies to manage their equity compensation in a compliant and pre-scheduled manner.

Stakeholder Impact

• Shareholders: May observe the CEO's monetization of equity, which, while pre-planned, could subtly influence market sentiment regarding insider confidence.

Next Steps

• The remaining performance-based options will be eligible for vesting upon satisfaction of certain performance criteria, including stock price performance.

Key Dates

Keywords

Savers Value Village, SVV, Mark T. Walsh, CEO, Director, Form 4, Insider Transaction, Stock Options, 10b5-1 Plan, Equity Compensation, Executive Sale