SCHEDULE: Nomura Holdings Discloses 6.3% Stake in Torrid Holdings

Nomura Holdings Inc. and its subsidiary, Nomura Global Financial Products Inc., have reported a beneficial ownership of 6.3% in Torrid Holdings Inc., totaling 6,233,022 shares.

Summary

• Nomura Holdings Inc. and Nomura Global Financial Products Inc. (NGFP) jointly filed a Schedule 13G, disclosing beneficial ownership in Torrid Holdings Inc.
• The reporting entities collectively own 6,233,022 shares of Torrid Holdings Inc. Common Stock.
• This ownership represents 6.3% of the outstanding Common Stock of Torrid Holdings Inc.
• The percentage is calculated based on 99,165,951 shares of Common Stock outstanding as of September 1, 2025, as reported in Torrid's Form 10-Q filed on September 11, 2025.
• Both Nomura Holdings Inc. and NGFP hold shared voting and shared dispositive power over these shares.
• NGFP is a wholly owned subsidiary of Nomura Holdings Inc., which is deemed to beneficially own the shares held by NGFP.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding the issuer's operational or financial performance. The presence of a significant institutional investor can be seen as a neutral to slightly positive signal.

Positives

• A significant stake by a major financial institution like Nomura Holdings Inc. can be interpreted as a vote of confidence in Torrid Holdings Inc.'s future prospects and valuation.

Industry Context

This Schedule 13G filing indicates a significant passive investment by a major financial institution in Torrid Holdings Inc. Such disclosures are common for institutional investors who acquire more than 5% of a company's stock, signaling their position in the market without necessarily implying an intent to influence control. For Torrid Holdings, this represents a notable institutional shareholder, which can impact market perception and liquidity.

Stakeholder Impact

• Shareholders of Torrid Holdings Inc. may view the significant stake by Nomura Holdings Inc. as a positive indicator of institutional confidence in the company, potentially influencing investor sentiment and stock valuation.

Key Dates

Keywords

Torrid Holdings Inc., Nomura Holdings Inc., Nomura Global Financial Products Inc., Beneficial Ownership, Schedule 13G, Institutional Investment, Common Stock, Equity Stake