[144] Torrid Holdings Inc. SEC Filing
Torrid Holdings Inc. (CURV) Form 144 notice reports a proposed sale of 26,000 common shares through Morgan Stanley Smith Barney on the NYSE with an aggregate market value of $45,760. The filing lists total shares outstanding of 99,165,951 and shows the shares to be sold were originally granted to the seller as restricted stock in three grants dated 01/03/2024 (11,724 shares), 01/03/2025 (6,957 shares) and 03/27/2025 (7,319 shares). The filer states there were no sales by the same person in the past three months and affirms no undisclosed material information is known to the seller.
- Disclosure compliance: Form 144 properly notifies the market of a proposed insider sale under Rule 144
- Shares originated as restricted stock: the securities were granted by the issuer on specified dates, indicating compensation-based origin
- Insider sale: the filing notifies of an insider planning to sell equity, which some investors may view negatively despite small size
Insights
TL;DR: Small insider sale disclosed; no recent prior sales and holdings appear modest relative to outstanding shares.
The Form 144 shows a proposed sale of 26,000 shares valued at $45,760, representing a very small fraction of the issuer's 99.17 million outstanding shares. The shares were acquired as restricted stock across three grant dates, indicating these are insider compensation shares becoming eligible for sale. The filing complies with Rule 144 notice requirements and records no sales in the prior three months, which limits immediate signaling of sustained disposition by the seller.
TL;DR: Routine compliance filing; limited investor impact given size and source of shares.
The notice documents the planned brokerage sale and includes the filer’s representation about no undisclosed material information. Because the securities originated as restricted stock awards from the issuer, the transaction reflects monetization of compensation rather than an external divestment. Given the small aggregate value disclosed, this filing appears procedural rather than a material corporate governance event.