Timothy O. Martin - Sep 12, 2022 Form 4 Insider Report for Torrid Holdings Inc. (CURV)

Role
Chief Operating Officer and Chief Financial Officer
Signature
/s/ Bridgett Zeterberg, as Attorney-in-Fact for Tim Martin
Stock symbol
CURV
Transactions as of
Sep 12, 2022
Transactions value $
$0
Form type
4
Date filed
9/14/2022, 05:09 PM
Next filing
Mar 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CURV Common Stock Award $0 +151K $0.00 151K Sep 12, 2022 Direct F1
transaction CURV Common Stock Award $0 +181K +120.51% $0.00 332K Sep 12, 2022 Direct 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 Option to purchase shares Award $0 +254K $0.00 254K Sep 12, 2022 Common Stock 254K $6.64 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units, which will vest annually in substantially equal 25% installments on September 12, 2023, September 12, 2024, September 12, 2025 and September 12, 2026, respectively, subject to the reporting person's continued employment through the applicable vesting date.
F2 Represents performance stock units ("PSUs") granted on September 12, 2022 (the "Grant Date") which are subject to both service and performance vesting conditions. In this regard, the PSUs will service vest one-third on each of the first, second and third anniversary of the Grant Date, based on the reporting person's continued service through the applicable service vesting date and will performance vest in full or in part upon achievement of specified VWAP targets for any 30 consecutive trading days during the period beginning on the Grant Date and ending on the third anniversary of the Grant Date. Upon satisfaction of such service and performance vesting conditions, the PSUs will settle one-for-one in shares of Common Stock.
F3 Represents options to purchase shares that will start vesting on September 12, 2023 and become exercisable in substantially equal 25% installments on September 12, 2023, September 12, 2024, September 12, 2025 and September 12, 2026, respectively, subject to the reporting person's continued employment through the applicable vesting date.

Remarks:

Chief Operating Officer and Chief Financial Officer