Michael Robert Salmon - 02 Jul 2021 Form 4 Insider Report for Torrid Holdings Inc. (CURV)

Role
Chief Operating Officer
Signature
/s/ Brian Park, as Attorney-in-Fact for Michael Salmon
Issuer symbol
CURV
Transactions as of
02 Jul 2021
Net transactions value
-$326,059
Form type
4
Filing time
06 Jul 2021, 21:30:24 UTC
Previous filing
30 Jun 2021
Next filing
09 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CURV Common Stock Other +144,393 144,393 02 Jul 2021 Direct F1
transaction CURV Common Stock Sale $326,059 -16,606 -12% $19.64* 127,787 06 Jul 2021 Direct F2
transaction CURV Common Stock Award $0 +176,479 +138% $0.000000 304,266 06 Jul 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 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) 64,174 shares of restricted stock which will vest quarterly in eight equal installments between September 4, 2021 and June 4, 2023, subject to the reporting person's continued employment with the Issuer through the applicable vesting date and (ii) 112,305 shares of restricted stock which will vest quarterly in fourteen equal installments between September 23, 2021 and December 23, 2024, subject to the reporting person's continued employment with the Issuer through the applicable vesting date.