[Form 4] Torrid Holdings Inc. Insider Trading Activity

Rhea-AI Filing Summary

Quanterix Corporation (QTRX) – Form 4 insider transaction

Director Sarah E. Hlavinka reported the acquisition of 2,615 shares of Quanterix common stock on 07/01/2025. The shares were granted in lieu of cash fees for Board and committee service for the second quarter of 2025 and were valued at the Nasdaq closing price of $6.69 on the grant date. No shares were sold.

After the award, Hlavinka’s total beneficial ownership stands at 60,070 shares, which includes 7,435 restricted stock units. All holdings are reported as directly owned. The filing, signed by Brian Keane under power of attorney on 07/03/2025, involves a single reporting person who serves solely as a director. No derivative securities or additional transactions were disclosed.

Insights

Securities Analyst

TL;DR: Routine board stock grant (~$17k); immaterial to QTRX valuation; neutral signal for investors.

The filing reflects a standard quarterly equity retainer issued to Director Sarah E. Hlavinka. At 2,615 shares priced at $6.69, the grant value is roughly $17,500—immaterial relative to Quanterix’s market capitalization. No disposals occurred, and post-grant ownership of 60,070 shares (including 7,435 RSUs) does not represent a concentration change large enough to influence float or insider ownership percentages. Consequently, the transaction is best viewed as routine compensation rather than an indicator of insider sentiment. Impact on share price or liquidity is expected to be negligible.

Corporate Governance Specialist

TL;DR: Equity-in-lieu cash retainer aligns director with shareholders; governance-positive but financially minor.

Issuing equity instead of cash reinforces alignment between directors and shareholders, consistent with widely accepted governance practices. The award size (2,615 shares) is modest and mirrors prior quarter grants, suggesting policy continuity rather than a strategic shift. No 10b5-1 plan is referenced, and the filing ticks the Rule 16 boxes correctly. From a governance lens the move is favorable, but given its scale it does not materially alter insider ownership dynamics or voting power.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fund 1 Investments, LLC

(Last) (First) (Middle)

100 CARR 115

UNIT 1900

(Street)

RINCON PR 00677

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Torrid Holdings Inc. [ CURV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock, par value $0.01 per share	07/01/2025		S		15,000	D	$2.8252	10,418,112	I	See Footnotes(1)(2)
Common stock, par value $0.01 per share	07/01/2025		S		95,423	D	$2.8248	10,322,689	I	See Footnotes(1)(2)
Common stock, par value $0.01 per share	07/02/2025		S		257,833	D	$2.7347	10,064,856	I	See Footnotes(1)(2)
Common stock, par value $0.01 per share	07/03/2025		S		250,000	D	$2.7357	9,814,856	I	See Footnotes(1)(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Fund 1 Investments, LLC

(Last) (First) (Middle)

100 CARR 115

UNIT 1900

(Street)

RINCON PR 00677

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

PLP Funds Master Fund LP

(Last) (First) (Middle)

100 CARR 115 UNIT 1900

(Street)

RINCON PR 00677

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Pleasant Lake Partners LLC

(Last) (First) (Middle)

100 CARR 115 UNIT 1900

(Street)

RINCON PR 00677

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Securities reported herein are held for the benefit of PLP Funds Master Fund LP (the "Master Fund") for which Pleasant Lake Partners LLC ("PLP") serves as investment adviser. Fund 1 Investments, LLC ("Fund 1") serves as managing member of PLP. Jonathan Lennon (together with Fund 1, PLP and Master Fund, the "Reporting Persons") serves as managing member of Fund 1. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.

2. Securities held for the account of Master Fund.

	/s/ Fund 1 Investments, LLC By: Benjamin C. Cable, Chief Operating Officer	07/03/2025
	/s/ PLP Funds Master Fund LP, by Pleasant Lake Partners LLC, its Investment Adviser, by Fund 1 Investments, LLC, its Managing Member By: Benjamin C. Cable, Chief Operating Officer	07/03/2025
	/s/ Pleasant Lake Partners LLC, by Fund 1 Investments, LLC, its Managing Member By: Benjamin C. Cable, Chief Operating Officer	07/03/2025
	** 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 4 (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.
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FAQ

How many QTRX shares did Director Sarah E. Hlavinka acquire on July 1 2025?

She acquired 2,615 shares of Quanterix common stock.

What was the price per share for the QTRX stock grant?

The shares were valued at the Nasdaq closing price of $6.69 on 07/01/2025.

What is Sarah E. Hlavinka’s total ownership in Quanterix after the transaction?

Her beneficial ownership totals 60,070 shares, including 7,435 restricted stock units.

Did the Form 4 report any sale of QTRX shares?

No. The filing only reports an acquisition; no disposals were disclosed.

Why were the shares granted to the director?

They were issued in lieu of cash fees for Board and committee service during Q2 2025.

When was the Form 4 signed and filed?

It was signed by Brian Keane as Attorney-in-Fact on 07/03/2025.