Form 4: Savers Value Village General Counsel Richard Medway Sells Shares Under 10b5-1 Plan

Richard Medway, General Counsel of Savers Value Village, sold 43,154 shares of common stock on March 13, 2024, at a weighted average price of $19.3631, pursuant to a pre-arranged 10b5-1 trading plan.

Summary

• On March 13, 2024, Richard Medway, the General Counsel of Savers Value Village, Inc. (SVV), sold 43,154 shares of the company's common stock.
• The sale was executed at a weighted average price of $19.3631 per share, with individual transactions ranging from $19.00 to $19.98.
• The transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on September 15, 2023.
• Medway also disposed of 43,154 options with an exercise price of $1.41.
• Following the reported transaction, Medway continues to beneficially own 593,219 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some investors, potentially leading to slight downward pressure on the stock price in the short term.

Key Dates