Form 4: Savers Value Village General Counsel Richard Medway Executes Stock Option and Sells Shares
SEC Form 4 Filing
Richard Medway, General Counsel of Savers Value Village, exercised stock options and sold 604 shares of common stock at an average price of $11.5281 on May 12, 2025, according to a Form 4 filing with the SEC.
Summary
- On May 12, 2025, Richard Medway, General Counsel of Savers Value Village, exercised options to acquire 604 shares of common stock at a price of $1.41 per share.
- Simultaneously, Medway sold 604 shares of common stock at an average price of $11.5281 per share, with prices ranging from $11.49 to $11.58.
- The sale was executed under a pre-arranged 10b5-1 trading plan adopted on September 13, 2024.
- Following the transaction, Medway directly owns 0 shares and 521,875 derivative securities.
- The options were granted under the company's 2019 Management Incentive Plan and vested in annual installments starting March 28, 2020, with full vesting achieved on March 28, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard Form 4 filing indicating insider trading activity under a pre-arranged plan. There's no inherent positive or negative implication for the company's performance.
Industry Context
This filing is a routine disclosure of insider trading activity. It's common for executives to have pre-arranged trading plans (10b5-1) to avoid accusations of trading on inside information. The filing itself doesn't provide specific insight into the company's performance or strategy, but it does show that a key executive is converting vested options into cash.
Key Dates
| Date | Description |
|---|---|
| 2019 | Options previously granted under the Registrant's 2019 Management Incentive Plan. |
| 03/28/2020 | June 12, 2019, stock option grant vested in substantially equal annual installments over five years starting March 28, 2020. |
| 09/13/2024 | The sale was made pursuant to a 10b5-1 Plan adopted by the reporting person on September 13, 2024. |
| 03/28/2024 | June 12, 2019, stock option grant vested in substantially equal annual installments over five years starting March 28, 2020, until fully vested on March 28, 2024. |
| 05/12/2025 | Richard Medway exercised options and sold shares of common stock. |
| 06/12/2029 | Expiration date of the options. |
| 05/14/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Savers Value Village, SVV, Richard Medway, Stock Options, Insider Trading, 10b5-1 Plan, General Counsel, Securities Exchange Commission
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