Chinwe Abaelu - 31 Dec 2022 Form 4 Insider Report for Torrid Holdings Inc. (CURV)

Role
Senior Vice President, Chief Accounting Officer
Signature
/s/ Bridgett Zeterberg, as Attorney-in-Fact for Chinwe Abaelu
Issuer symbol
CURV
Transactions as of
31 Dec 2022
Net transactions value
+$2,520
Form type
4
Filing time
30 Mar 2023, 21:07:15 UTC
Previous filing
11 Jul 2022
Next filing
03 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CURV Common Stock Award $2,520 +1,000 +1.8% $2.52 56,273 31 Dec 2022 Direct F1
transaction CURV Common Stock Award $0 +38,700 +69% $0.000000 94,973 27 Mar 2023 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 +64,433 $0.000000 64,433 27 Mar 2023 Common Stock 64,433 $3.23 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares purchased pursuant to the Torrid Holdings Inc. 2021 Employee Stock Purchase Plan ("ESPP"), for the ESPP purchase period of July 1, 2022 through December 31, 2022. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the issuer's common stock on December 31, 2022.
F2 Represents restricted stock units, which will vest annually in substantially equal 25% installments on March 27, 2024, March 27, 2025, March 27, 2026 and March 27, 2027, respectively, subject to the reporting person's continued employment through the applicable vesting date.
F3 Represents options to purchase shares that will start vesting on March 27, 2024 and become exercisable in substantially equal 25% installments on March 27, 2024, March 27, 2025, March 27, 2026 and March 27, 2027, respectively, subject to the reporting person's continued employment through the applicable vesting date.

Remarks:

Senior Vice President, Chief Accounting Officer