Four Savers Value Village Insiders Sold This Week. Here's What to Make of It
Medway exercised vested options at $1.41 and immediately liquidated the position under a pre-established Rule 10b5-1 plan.
Overview
Richard A. Medway, the firm’s general counsel, sold 55,000 shares of Savers Value Village, Inc. (NYSE:SVV) at $11.80 per share, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($11.80); post-transaction value based on August 7 market close ($12.22).
Details
Savers Value Village is a leading specialty retailer in the pre-owned merchandise sector with a $1.70 billion market capitalization and TTM revenue of $1.70 billion. The company's business model leverages strategic partnerships with non-profit organizations to source inventory while maintaining a differentiated value proposition in the specialty retail landscape. The company's competitive positioning is reinforced by its established multi-banner retail network, established supply chain relationships with non-profit partners, and focus on the resilient discount retail segment.
Source
Originally published at www.fool.com.