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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option (Right to Purchase) | 19,016 | $1.41 | $27K |
| Exercise | Option (Right to Purchase) | 4,102 | $3.16 | $13K |
| Exercise | Common Stock | 19,016 | $1.41 | $27K |
| Exercise | Common Stock | 4,102 | $3.16 | $13K |
Footnotes (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. 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. 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.
