[Form 4] Savers Value Village, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) CEO & Director Ali Kashani filed a Form 4 for a 08/05/2025 transaction involving the sale of 7,467 common shares at $10.74. The disposition was executed to satisfy tax-withholding obligations linked to the settlement of vested RSUs, as stated in the filing’s footnote.

Following the sale, Kashani’s ownership stands at 3,598,737 directly held shares and 16,070 indirectly held shares via his spouse. The sale represents <0.3 % of his direct stake, leaving his economic exposure to the company essentially unchanged. No derivative securities, additional purchases, or multi-party filings were reported. Given the administrative purpose of the sale and the CEO’s sizeable remaining position, the filing is viewed as neutral with minimal impact on investor sentiment.

Insights

Securities Analyst

TL;DR: Small, tax-driven CEO sale; ownership largely intact—market impact negligible.

The 7,467-share sale equals roughly 0.2 % of Dr. Kashani’s 3.6 million-share holding. Because the footnote states proceeds cover RSU-related taxes, the move does not indicate a change in insider conviction. There are no option exercises or derivative positions to cloud the picture. Liquidity impact is trivial relative to average daily volume, so price pressure should be minimal. I classify the event as routine housekeeping with no bearing on valuation or forward estimates.

Corporate Governance Expert

TL;DR: Administrative sell to meet tax obligations; governance risk unchanged.

Section 16 officers frequently sell shares to cover withholding when RSUs vest. The company discloses the purpose clearly, and Kashani retains >3 million shares, maintaining strong alignment with shareholder interests. No red flags emerge regarding timing, 10b5-1 usage, or undisclosed agreements. Therefore, the filing neither improves nor worsens governance posture.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Geisser Melinda L.

(Last) (First) (Middle)

C/O SAVERS VALUE VILLAGE, INC.

11400 SE 6TH, SUITE 125

(Street)

BELLEVUE WA 98004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Savers Value Village, Inc. [ SVV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief People Services Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/04/2025		M		7,824	A	$1.41	7,824	D
Common Stock	08/04/2025		S(1)		7,824	D	$11.48	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (Right to Purchase)(2)	$1.41	08/04/2025		M			7,824	(3)	06/12/2029	Common Stock	7,824	$1.41	548,373(4)	D

Explanation of Responses:

1. The sale was made pursuant to a 10b5-1 Plan adopted by the reporting person on March 10, 2025.

2. Options previously granted under the Registrant's 2019 Management Incentive Plan. Each option represents the right to receive upon exercise one share of the Registrant's common stock subject to the applicable vesting and settlement conditions.

3. The June 12, 2019 stock option grant vested in substantially equal annual installments over five years starting March 28, 2020, and was fully vested on March 28, 2024.

4. Approximately 30% represents time-based options which vested in substantially equal annual installments over five years starting March 28, 2020 and approximately 70% represents performance-based options, of which 25% vested upon the initial public offering and the remainder will be eligible for vesting upon satisfaction of certain performance criteria including stock price performance.

Remarks:

	/s/ Richard Medway, attorney in fact	08/06/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

How many SERV shares did CEO Ali Kashani sell?

7,467 common shares were sold on 08/05/2025.

What price did the SERV shares sell for?

The shares were sold at $10.74 per share.

Why did the CEO sell SERV stock?

The sale covered tax-withholding obligations related to vested RSUs.

How many SERV shares does the CEO own after the sale?

He directly owns 3,598,737 shares and indirectly holds 16,070 through his spouse.

Did the filing include any derivative securities or option exercises?

No, no derivative securities were reported in this Form 4.