Fund 1 Investments, LLC - 26 Jun 2025 Form 3 Insider Report for Torrid Holdings Inc. (CURV)

Role: 10%+ Owner
Signature: /s/ Fund 1 Investments, LLC By: Benjamin C. Cable, Chief Operating Officer
Issuer symbol: CURV
Transactions as of: 26 Jun 2025
Net transactions value: $0
Form type: 3
Filing time: 01 Jul 2025, 12:02:46 UTC
Previous filing: 25 Jun 2025
Next filing: 01 Jul 2025
SEC: View on sec.gov

Reporting Owners (3)

Name	Relationship	Address	Signature	Signature date	CIK
Fund 1 Investments, LLC	10%+ Owner	100 CARR 115, UNIT 1900, RINCON, PUERTO RICO	/s/ Fund 1 Investments, LLC By: Benjamin C. Cable, Chief Operating Officer	01 Jul 2025	0001959730
PLP Funds Master Fund LP	10%+ Owner	100 CARR 115 UNIT 1900, RINCON, PUERTO RICO	/s/ PLP Funds Master Fund LP, by Pleasant Lake Partners LLC, its Investment Adviser, by Fund 1 Investments, LLC, its Managing Member By: Benjamin C. Cable, Chief Operating Officer	01 Jul 2025	0002052009
Pleasant Lake Partners LLC	10%+ Owner	100 CARR 115 UNIT 1900, RINCON, PUERTO RICO	/s/ Pleasant Lake Partners LLC, by Fund 1 Investments, LLC, its Managing Member By: Benjamin C. Cable, Chief Operating Officer	01 Jul 2025	0001580144

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CURV	Common stock, par value $0.01 per share						10,424,612	26 Jun 2025	See Footnotes	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	CURV	Cash-Settled Total Return Swap							26 Jun 2025	Common stock, par value $0.01 per share	3,780,255		See Footnotes	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Securities reported herein are held for the benefit of PLP Funds Master Fund LP, a private investment vehicle for which Pleasant Lake Partners LLC ("PLP") serves as investment adviser. Fund 1 Investments, LLC serves as managing member of PLP. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
F2	The Reporting Persons have entered into cash-settled total return swaps (the "Swap Agreements") with unaffiliated third-party financial institutions, which provide the Reporting Persons with economic exposure to an aggregate of 3,780,255 notional shares, and expire on a range of dates from March 2, 2026 to November 1, 2027. The Swap Agreements provide the Reporting Persons with economic results that are comparable to the economic results of ownership but do not provide the Reporting Persons with the power to vote or direct the voting or dispose of or direct the disposition of the shares of common stock that are the subject of the Swap Agreements (the "Subject Shares"). Each of the Reporting Persons disclaims beneficial ownership of the Subject Shares except to the extent of its or his pecuniary interest therein.
F3	The expiration date of the Swap Agreements will be automatically extended for successive 12 month periods unless one party provides written notice to the other party, at least 30 calendar days prior to the first extension and at least 15 calendar days prior to any subsequent extension, not to so extend the expiration date.