A company executive realized $674,700 in gross proceeds from selling shares acquired via low-strike options.
Savers Value Village Inc. (NYSE:SVV) Chief People Services Officer Melinda L. Geisser sold 65,000 shares at $11.79 each, exercising options struck at $1.41. The transaction generated $674,700 in gross proceeds before taxes and fees, reflecting a $10.38 per-share spread.
The sale price was marginally below the $12.22 closing price on August 7, when the stock had posted an 8% one-year total return. The trades were executed under a Rule 10b5-1 plan established in March, allowing pre-scheduled insider transactions.
Following the sale, Geisser retains 10,576 shares directly and holds 76,548 derivative securities, maintaining exposure to the company’s equity performance.