Savers Value Village COO exercises options, sells shares
Savers Value Village President & COO Jubran N. Tanious exercised stock options and sold a portion of the resulting shares.
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Rhea-AI Filing Summary
Savers Value Village President & COO Jubran N. Tanious exercised stock options and sold a portion of the resulting shares. He exercised options for 100,000 shares of common stock at $1.4100 per share, then sold 45,000 shares in an open-market transaction at a weighted average price of $8.3032 per share, within a disclosed range of $8.140 to $8.395.
These options were granted under the 2019 Management Incentive Plan and were fully vested by March 28, 2024. Following the transactions, he directly holds 154,712.3281 shares of common stock, and the exercised option grant now shows zero derivative options remaining in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Purchase) | 100,000 | $1.41 | $141K |
| Exercise | Common Stock | 100,000 | $1.41 | $141K |
| Sale | Common Stock | 45,000 | $8.3032 | $374K |
Footnotes (4)
- F1. This price represents the weighted average price per share of common stock of Savers Value Village, Inc. These Shares were executed at a range of prices from $8.140 to $8.395. 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.
- F2. 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.
- F3. 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.
- F4. The total outstanding excludes the portion of the original option grant that was solely performance-based, which will be reported separately.
FAQ
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What did Savers Value Village (SVV) executive Jubran N. Tanious do in this Form 4?
What prices were involved in the Savers Value Village (SVV) Form 4 transactions?
What plan governed the Savers Value Village (SVV) options exercised by the COO?
Were the Savers Value Village (SVV) sales in this Form 4 at a single price?
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