Four Savers Value Village executives sold shares at $11.80 after exercising options, reducing direct holdings under a Rule 10b5-1 plan.
Savers Value Village Inc. (NYSE:SVV) insiders, including General Counsel Richard A. Medway, sold 55,000 shares at a weighted average price of $11.80 this week. The sales followed the exercise of stock options at $1.41 per share, executed under a prearranged Rule 10b5-1 trading plan established in March.
Medway’s direct shareholding in SVV now stands at 14,440 shares, though his broader economic exposure includes additional derivative securities. The company’s stock closed at $12.22 on August 7, slightly above the sale price. Rule 10b5-1 plans allow insiders to schedule trades in advance, reducing potential concerns over timing relative to non-public information.
The transactions were disclosed in an SEC Form 4 filing, with no immediate market reaction reported. Savers Value Village operates as a specialty retailer of pre-owned merchandise, based in Bellevue.