CURV
Torrid Holdings INC
NYSE
Form 4: Major Shareholder Reduces Stake in Torrid Holdings Inc.
Sentiment:
Insider Trading Report
3 July 2025 2:37 PM
Fund 1 Investments, LLC and its affiliated entities, a 10% owner and director of Torrid Holdings Inc., reported the sale of over 600,000 shares of common stock in early July 2025.
Worse than expected
Significant sales by a 10% owner and director could signal a lack of confidence or a strategic portfolio rebalancing, which is generally perceived as a negative indicator for the stock.
Summary
- Fund 1 Investments, LLC, PLP Funds Master Fund LP, and Pleasant Lake Partners LLC, identified as a Director and 10% Owner of Torrid Holdings Inc. (CURV), reported multiple sales of common stock.
- On July 1, 2025, 15,000 shares were sold at $2.8252 per share, and an additional 95,423 shares were sold at $2.8248 per share.
- On July 2, 2025, 257,833 shares were sold at $2.7347 per share.
- On July 3, 2025, 250,000 shares were sold at $2.7357 per share.
- The total number of shares sold across these transactions is 618,256.
- Following these transactions, the reporting persons beneficially own 9,814,856 shares of Torrid Holdings Inc. common stock.
- The securities are held for the benefit of PLP Funds Master Fund LP, with Pleasant Lake Partners LLC serving as investment adviser and Fund 1 Investments, LLC as managing member of PLP. Jonathan Lennon serves as managing member of Fund 1.
Sentiment
Score: 3
Explanation: The sentiment is negative due to significant insider selling by a major shareholder and director, which often signals a lack of confidence or a strategic divestment, potentially leading to downward pressure on the stock price.
Negatives
- Significant insider selling by a 10% owner and director can be perceived negatively by the market, potentially signaling a lack of confidence in the company's future prospects or a strategic divestment.
Risks
- The reported insider selling could lead to negative market sentiment and downward pressure on Torrid Holdings Inc.'s stock price.
- Large sales by significant shareholders may indicate a perceived lack of growth opportunities or an unfavorable outlook by those with intimate knowledge of the company.
Future Outlook
This Form 4 filing does not provide any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This insider selling event occurs within the broader retail apparel industry, which is subject to evolving consumer trends, economic conditions, and competitive pressures. While this filing does not provide specific industry context, significant insider sales can sometimes reflect a shareholder's view on the industry's future or the company's position within it.
Stakeholder Impact
- Shareholders may react negatively to the news of significant insider selling, potentially leading to a decrease in share price due to concerns about the company's future performance or valuation.
- Investment professionals may re-evaluate their positions on Torrid Holdings Inc. based on this insider activity, potentially leading to revised ratings or recommendations.
Key Dates
- 07/01/2025: Sale of 15,000 shares at $2.8252 and 95,423 shares at $2.8248 by reporting persons.
- 07/02/2025: Sale of 257,833 shares at $2.7347 by reporting persons.
- 07/03/2025: Sale of 250,000 shares at $2.7357 by reporting persons. This is also the filing date of the Form 4.
Keywords
Torrid Holdings Inc., CURV, SEC Form 4, insider selling, beneficial ownership, stock sale, Fund 1 Investments, LLC, PLP Funds Master Fund LP, Pleasant Lake Partners LLC, director, 10% owner
CURV
Torrid Holdings INC
NYSE
Sector: TBD
Filings with Classifications
Worse than expected
3 July 2025 2:37 PM
Insider Trading Report
- Significant sales by a 10% owner and director could signal a lack of confidence or a strategic portfolio rebalancing, which is generally perceived as a negative indicator for the stock.
Better than expected
1 July 2025 12:15 PM
Insider Trading Report
- The acquisition of additional common shares and new swap agreements by a 10% owner and director is generally viewed as a positive signal, indicating confidence in the company's prospects.
- Insider buying suggests that those with intimate knowledge of the company believe the stock is undervalued or has significant upside potential.
Worse than expected
30 June 2025 6:16 PM
Insider Transaction Report
- The sale of a significant number of shares (350,000) by the Chief Executive Officer and Director is generally perceived as a negative signal by investors.
- The transaction was not indicated as being part of a pre-planned Rule 10b5-1 program, which might suggest the sale was more discretionary.
Capital raise
30 June 2025 4:13 PM
Insider Transaction Report
- A registered public offering (Secondary Offering) of 9,650,000 shares was conducted by Sycamore Partners Torrid, L.L.C., which generated proceeds for the selling shareholder.
- Torrid Holdings Inc. concurrently repurchased 6,030,908 shares from Sycamore, which represents a use of the company's cash for share buybacks.
Worse than expected
30 June 2025 4:13 PM
Insider Transaction Report
- Sycamore Partners, a significant insider and 10% owner, sold a substantial block of 15,680,908 shares, indicating a reduction in their stake and potentially their confidence in the company's future performance.
Better than expected
26 June 2025 4:06 PM
Secondary Offering and Stock Repurchase Announcement
- The company's decision to repurchase $20 million of its own stock concurrently with a large secondary offering by selling shareholders indicates management's confidence in the company's valuation and a strategic effort to mitigate potential downward pressure on the stock price from the selling shareholders' divestment.
- The company did not sell any shares in the secondary offering, meaning no direct dilution of existing shareholder value from this specific transaction.
Capital raise
24 June 2025 4:26 PM
Secondary Offering and Share Repurchase Announcement
- An underwritten public offering of 10,000,000 shares of common stock is being launched by certain existing stockholders of Torrid Holdings Inc.
- The selling stockholders intend to grant the underwriters a 30-day option to buy an additional 1,500,000 shares of common stock.
- Torrid Holdings Inc. will not receive any proceeds from the sale of shares by the selling stockholders in this offering.
Worse than expected
9 June 2025 4:05 PM
Quarterly Report
- Net sales decreased by 4.9%, indicating a decline in market demand or competitive pressure.
- Gross profit decreased by 12.1%, and the gross margin percentage contracted by 3.2 percentage points, suggesting pricing pressures, higher costs, or increased promotional activity.
- Net income fell by 51.2%, reflecting a significant reduction in overall profitability.
- Adjusted EBITDA decreased by 40.4%, indicating a substantial deterioration in operational earnings.
- The shift from positive cash flow from operations ($27.6 million) to negative cash flow from operations ($(18.0) million) is a significant adverse change in liquidity generation from core business activities.
Delay expected
5 June 2025 4:16 PM
Quarterly Earnings Report
- The company has paused its China-sourced shoe category, which is expected to result in a revenue reduction of $40 million to $45 million in 2025, as they explore a more profitable re-entry strategy.
Worse than expected
1 April 2025 4:11 PM
Annual Results
- Net sales decreased by 4.2% year-over-year, indicating a decline in overall revenue generation.
Worse than expected
11 December 2024 4:38 PM
Quarterly Report
- Net sales decreased by 4.2% in the third quarter of 2024, indicating a potential slowdown in customer spending.
- Comparable sales decreased by 7% in the third quarter of 2024, suggesting a decline in sales at existing locations.
Worse than expected
3 December 2024 4:10 PM
Quarterly Report
- The company's net sales and comparable sales decreased, indicating worse than expected performance.
Better than expected
11 September 2024 9:34 AM
Secondary Offering Announcement
- The company's NPS score is significantly higher than the industry average.
- The company's return rate is lower than the industry average.
- The company's LTV:CAC ratio is strong, indicating efficient customer acquisition.
- The company has successfully reduced inventory levels and improved distribution throughput.
Capital raise
11 September 2024 9:34 AM
Secondary Offering Announcement
- Torrid Holdings Inc. is conducting an underwritten public offering of 8,000,000 shares of common stock.
- The shares are being sold by certain stockholders of the company.
- The company will not receive any proceeds from the sale of these shares.
- The underwriters have a 30-day option to purchase an additional 1,200,000 shares.
Worse than expected
9 September 2024 4:26 PM
Quarterly Report
- The company's comparable sales decreased by 18% for the three months and 16% for the six months ended August 3, 2024, indicating a significant decline in sales performance compared to the previous year.
Better than expected
4 September 2024 7:10 AM
Quarterly Report
- The company's adjusted EBITDA exceeded guidance, indicating better than expected profitability.
- The company's net sales came in at the high end of guidance, indicating better than expected revenue performance.
- The company's gross margin improved by 323 basis points, indicating better than expected cost management and pricing strategies.
Worse than expected
12 June 2024 4:22 PM
Quarterly Report
- The company's net sales decreased by 4.8% and comparable sales decreased by 9%, indicating weaker performance than expected.
Better than expected
12 June 2024 4:17 PM
Quarterly Report
- The company exceeded its adjusted EBITDA guidance for the first quarter, indicating better than expected profitability.
Worse than expected
2 April 2024 4:06 PM
Annual Results
- The company's net sales, net income, and adjusted EBITDA all decreased year-over-year, indicating worse than expected financial performance.
- Comparable sales declined by 12%, which is a significant drop and worse than industry averages.
- The company's active customer base and sales per active customer also decreased, suggesting a decline in customer engagement and spending.
Better than expected
28 March 2024 4:11 PM
Quarterly Report
- The company's fourth-quarter results exceeded its own guidance, indicating better-than-expected performance.
Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.