Fund 1 Investments, LLC - 27 Jun 2025 Form 4 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
27 Jun 2025
Net transactions value
+$109,128
Form type
4
Filing time
01 Jul 2025, 12:15:43 UTC
Previous filing
01 Jul 2025
Next filing
03 Jul 2025

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
transaction CURV Common stock, par value $0.01 per share Purchase $15,972 +5,000 +0.05% $3.19 10,429,612 27 Jun 2025 See Footnotes F1, F2
transaction CURV Common stock, par value $0.01 per share Purchase $11,256 +3,500 +0.03% $3.22 10,433,112 27 Jun 2025 See Footnotes F1, F2

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
transaction CURV Cash-Settled Total Return Swap Purchase $81,900 +25,000 +0.66% $3.28 3,805,255 27 Jun 2025 Common stock, par value $0.01 per share 25,000 See Footnotes F1, F2, F3, F4
* 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 (the "Master Fund") for which Pleasant Lake Partners LLC ("PLP") serves as investment adviser. Fund 1 Investments, LLC ("Fund 1") serves as managing member of PLP. Jonathan Lennon (together with Fund 1, PLP and Master Fund, the "Reporting Persons") serves as managing member of Fund 1. 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 Securities held for the account of Master Fund.
F3 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 25,000 notional shares of common stock, 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.
F4 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.