Savers Value Village, Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934 (Amendment No. )

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

To Our Stockholders

It is my pleasure to invite you to attend the 2025 Annual Meeting of Stockholders (the “Annual Meeting”) of Savers Value Village, Inc. (the “Company”, “Savers”, “Savers Value Village”, “we”, “us” or “our”) at 9:00 A.M. Pacific Time on Wednesday, June 4, 2025. To ensure stockholder access regardless of location, the Annual Meeting will be held in a virtual meeting format only.

Our second Annual Meeting is the culmination of a solid year for Savers Value Village, our second as a public company. I have been privileged to be part of the Savers Value Village Board for six years and have seen this Company drive strong growth, as a leader in the for-profit thrift industry in North America.

We are pleased to make use of the process that permits companies to furnish proxy materials over the Internet, as authorized by Securities and Exchange Commission rules. We believe this approach facilitates stockholders’ receipt of proxy materials, while reducing both the environmental impact and costs of printing and distributing our proxy materials. We are mailing to most of our stockholders a Notice of Internet Availability of Proxy Materials (the “Notice”) instead of a printed copy of our proxy materials. The Notice contains instructions on how to vote online or by telephone, as well as how to access our proxy materials, including our Proxy Statement and our Annual Report to Stockholders for the fiscal year ended December 28, 2024, and instructions on how to request a printed copy of our proxy materials. Stockholders who do not receive a Notice will receive a printed copy of the proxy materials by mail.

Our Board is confident in the future success of Savers Value Village, which is underpinned by the Company’s mission to champion reuse and inspire a future where secondhand is second nature. On behalf of our team members and directors, I thank you for your continued support of our Company.

Aaron M. Rosen

Chairperson of the Board

April 21, 2025

Notice of Annual Meeting of Stockholders

Date:

June 4, 2025

Time:

9:00 A.M. Pacific Time (PT)

Place:

www.virtualshareholder-

meeting.com/SVV2025

YOUR VOTE IS IMPORTANT. PLEASE VOTE ONE OF THE FOLLOWING WAYS:

Mail:

Sign and Return Proxy Card

Online:

at www.proxyvote.com

Phone:

1-800-690-6903

Virtual Meeting:

June 4, 2025 at: 9:00 A.M.

Pacific Time (PT)

This proxy statement, the proxy card, and the Annual Report to Stockholders for our fiscal year ended December 28, 2024 (“fiscal 2024”) are being first mailed to stockholders on or about the date of the notice of meeting, April 21, 2025.

Important notice regarding the availability of proxy materials for the annual meeting to be held on June 4, 2025: this Proxy Statement and annual report on form 10-K for fiscal 2024 are available at http://www.proxyvote.com.

11400 SE 6th St., #125

Bellevue, WA, 98004

To Our Stockholders

Attending the Stockholders’ Meeting

Virtual Stockholders’ Meeting at: www.virtualshareholdermeeting.com/SVV2025 The 2025 Annual Meeting of Stockholders of Savers Value Village, Inc. will be held in a virtual-only meeting format, solely by means of remote communication on Wednesday, June 4, 2025, at 9:00 A.M. Pacific Time (PT) to vote on the items listed below.

Please see General Information Concerning Voting and Attending the Annual Meeting on p. 55 of this Proxy Statement for additional information about how to join and vote at the meeting. We encourage you to vote your proxy before the Annual Meeting.

Who Can Vote

Stockholders of record at the close of business on April 7, 2025 are entitled to notice of, and entitled to vote at, the Annual Meeting and any adjournments or postponements of that meeting.

Items of Business

The items to be voted on are as follows:

To elect three Class II directors, each to serve for a three-year term;

To ratify KPMG LLP as the Company's independent certified public accountants for the fiscal year ending January 3, 2026; and

To approve an advisory resolution approving the compensation of our named executive officers.

Stockholders may also transact any other business properly brought before the meeting. To vote at the Annual Meeting, you will need to use the control number or identification number from the proxy card or voting instruction form you receive with this Proxy Statement. Please be sure to retain this code from that document, review the procedures in advance, and allow time on the day of the meeting for check-in procedures prior to the meeting.

Stockholders may submit questions for the Annual Meeting in advance of and during the Annual Meeting. Please see p. 57 for information about how to submit questions.

By Order of the Board of Directors,

Richard Medway

General Counsel, Chief Compliance & Sustainability Officer, & Secretary

April 21, 2025