Savers Value Village (SVV) Director Duane Woods Exercises Options, Updates Holdings

Rhea-AI Filing Summary

Duane C. Woods, a director of Savers Value Village, Inc. (SVV), reported option exercises on 08/07/2025 that resulted in acquisitions of 19,016 shares at $1.41 and 4,102 shares at $3.16. The Form 4 shows corresponding reported beneficial ownership figures of 72,053 and 76,155 shares following the transactions.

The options arose under the registrant's 2019 Management Incentive Plan. The filing states 100% of the time-based options referenced have fully vested and been exercised, while remaining performance-based options vested 25% at the IPO and the balance are subject to performance criteria, including stock price performance. Additional vesting schedules and expirations are disclosed in the filing.

Positive

• Director acquisition: Duane C. Woods exercised options to acquire 19,016 shares at $1.41 and 4,102 shares at $3.16 on 08/07/2025.
• Clear vesting disclosure: Filing specifies that 100% of time-based options were fully vested and exercised and that performance-based awards include a 25% vesting at the IPO with remaining vesting tied to explicit performance criteria.

Negative

• None.

Insights

Securities Analyst

TL;DR Director exercised vested options on 08/07/2025, acquiring 23,118 shares at low strike prices, increasing reported beneficial ownership.

The Form 4 documents routine insider option exercises under the 2019 Management Incentive Plan. Specifically, Duane C. Woods acquired 19,016 shares at a $1.41 strike and 4,102 shares at a $3.16 strike on 08/07/2025. Post-transaction beneficial ownership figures are reported as 72,053 and 76,155 shares on the respective lines. The filing clarifies vesting: time-based grants are fully vested and exercised, while performance-based grants remain subject to achievement of specified criteria, including stock price performance. This is a disclosure of insider activity rather than an operational or earnings update.

Corporate Governance Expert

TL;DR Filing shows standard Section 16 reporting for exercised options with explicit vesting details and no new governance actions.

The report was filed as a single reporting person submission and executed by an attorney-in-fact, consistent with common practice. The explanatory notes state that the options originated from the 2019 Management Incentive Plan and describe the mix of time-based (fully vested and exercised) and performance-based awards (25% vested at IPO; remainder contingent on performance). Dates, strike prices, quantities, and expiration references are provided in the filing. No departures, new appointments, or other governance changes are disclosed.

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

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^*

Woods Duane C.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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	08/07/2025		M		19,016	A	$1.41	72,053	D
Common Stock	08/07/2025		M		4,102	A	$3.16	76,155	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)(1)	$1.41	08/07/2025		M			19,016	(2)	01/01/2030	Common Stock	19,016	$1.41	24,804(2)	D
Option (Right to Purchase)(1)	$3.16	08/07/2025		M			4,102	(3)	12/09/2030	Common Stock	4,102	$3.16	6,779(3)	D

Explanation of Responses:

1. 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.

2. 100% of the time-based options have fully vested and been exercised. The remaining options are performance-based, 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.

3. Approximately 21% represents time-based options with a vesting schedule in substantially equal annual installments over five years starting December 9, 2021, and approximately 79% 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	08/11/2025
	** 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).
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FAQ

What insider activity did Savers Value Village (SVV) report on Form 4?

The Form 4 reports that director Duane C. Woods exercised options on 08/07/2025, acquiring 19,016 shares at $1.41 and 4,102 shares at $3.16.

How many shares does Duane C. Woods beneficially own after the reported transactions?

The filing lists reported beneficial ownership figures of 72,053 and 76,155 shares following the reported transactions on the respective lines.

Under which plan were the exercised options granted?

The options were previously granted under the registrant's 2019 Management Incentive Plan as stated in the filing.

What portion of the options were time-based versus performance-based?

The filing explains that approximately 21% of the awards referenced are time-based (with a multi-year vesting schedule) and approximately 79% are performance-based, of which 25% vested at the IPO and the remainder are contingent on performance criteria.

When do the disclosed derivative instruments expire?

The filing shows expirations such as 01/01/2030 for the $1.41 option and 12/09/2030 for the $3.16 option as presented in Table II.