CURV Form 4: 8,984 Shares Withheld From COO Hyon Park for Taxes
Rhea-AI Filing Summary
Hyon Park, Chief Operating Officer of Torrid Holdings Inc. (CURV), reported a non‑derivative disposition on 08/22/2025. The filing shows 8,984 shares were disposed at a price of $2.28 per share. The explanation states these shares were withheld to satisfy tax liabilities associated with the vesting of restricted stock. After the transaction, the reporting person beneficially owned 219,118 shares (direct ownership). The Form 4 was signed by an attorney‑in‑fact on 08/26/2025. The filing contains no other transactions or derivative activity.
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Insights
TL;DR: Routine tax withholding reduced the officer's direct shares by 8,984; no new purchases or sales beyond withholding are reported.
The Form 4 documents a standard withholding of vested restricted stock to cover tax obligations, not an open‑market sale or company repurchase. The transaction price of $2.28 likely reflects the withholding valuation rather than a discretionary sale. Beneficial ownership remains at 219,118 shares, indicating continued alignment with company equity. No derivative positions or additional dispositions are reported, so immediate market impact and insider intent cannot be inferred from this filing alone.
TL;DR: Administrative withholding for taxes; standard insider reporting with no governance red flags evident from this single filing.
The report identifies the reporting person as the Chief Operating Officer and discloses withholding following restricted stock vesting. The filing was executed by an attorney‑in‑fact, which is common practice for timely filings. There is no indication of unusual timing, related‑party transfers, or derivative exercises. From a governance perspective, this is a routine disclosure that complies with Section 16 reporting requirements.