New insider Park Hyon C. claimed ownership of 205,080 shares (SEC Form 3)
FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 06/06/2024 |
3. Issuer Name and Ticker or Trading Symbol
Torrid Holdings Inc. [ CURV ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 205,080(1) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Option to purchase shares | (2) | 08/22/2032 | Common Stock | 213,675 | $5.99 | D | |
Option to purchase shares | (3) | 03/27/2033 | Common Stock | 90,207 | $3.23 | D | |
Option to purchase shares | (4) | 04/02/2034 | Common Stock | 62,950 | $4.51 | D |
Explanation of Responses: |
1. Represents (1) 31,735 common stock shares outstanding , (2) 93,907 restricted stock units (RSUs) that remain unvested from an initial August 22, 2022 grant of 125,209 RSUs which started vesting on August 22, 2023, in an installment substantially equal to 25% of the grant, and will vest on August 22, 2024, August 22, 2025 and August 22, 2026, respectively; (3) 40,635 RSUs that remain unvested from a grant of 54,180 RSUs which started vesting on March 27, 2024, in an installment substantially equal to 25% of the grant, and will vest on March 27, 2025, March 27, 2026 and March 27, 2027, respectively; and (4) 38,803 RSUs, which will vest annually in substantially equal 25% installments on April 2, 2025, April 2, 2026, April 2, 2027 and April 2, 2028, subject to the reporting person's continued employment through the applicable vesting date. |
2. Represents options to purchase shares that started vesting on August 22, 2023 and become exercisable in substantially equal 25% installments on August 22, 2023, August 22, 2024, August 22, 2025 and August 22, 2026, respectively, subject to the reporting person's continued employment through the applicable vesting date. |
3. Represents options to purchase shares that started 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. |
4. Represents options to purchase shares that will start vesting on April 2, 2025 and become exercisable in substantially equal 25% installments on April 2, 2025, April 2, 2026, April 2, 2027 and April 2, 2028, respectively, subject to the reporting person's continued employment through the applicable vesting date. |
Remarks: |
Exhibit 24: Power of Attorney |
/s/ Bridgett C. Zeterberg, as Attorney-in-Fact for Hyon Park | 06/27/2024 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |