Elizabeth Munoz - Jul 2, 2021 Form 4 Insider Report for Torrid Holdings Inc. (CURV)

Role
Chief Executive Officer, Director
Signature
/s/ Brian Park, as Attorney-in-Fact for Elizabeth Munoz
Stock symbol
CURV
Transactions as of
Jul 2, 2021
Transactions value $
-$4,960,527
Form type
4
Date filed
7/6/2021, 09:27 PM
Previous filing
Jun 30, 2021
Next filing
Aug 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CURV Common Stock Other +2.2M 2.2M Jul 2, 2021 Direct F1
transaction CURV Common Stock Sale -$4.96M -253K -11.5% $19.64* 1.94M Jul 6, 2021 Direct F2
transaction CURV Common Stock Award $0 +312K +16.05% $0.00 2.26M Jul 6, 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares received for no consideration in a pro rata distribution from Torrid Holding LLC.
F2 The reported securities were sold by the reporting person in the initial public offering ("IPO") of Torrid Holdings Inc. (the "Issuer") at the initial public offering price of $21.00 per share less underwriting discounts and commissions.
F3 Represents (i) 240,655 shares of restricted stock which will vest quarterly in nine equal installments between August 29, 2021 and August 29, 2023, subject to the reporting person's continued employment with the Issuer through the applicable vesting date and (ii) 71,428 restricted stock units, 50.0% of which vested as of July 6, 2021 upon consummation of the Issuer's IPO and the remaining 50.0% of which will vest in equal installments on the first, second and third anniversaries of such date, subject to the reporting person's continued employment with the Issuer through the applicable vesting date.