4//SEC Filing
Pleasant Lake Partners LLC 4
Accession 0000921895-25-001887
CIK 0001792781other
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 12:15 PM ET
Size
14.7 KB
Accession
0000921895-25-001887
Insider Transaction Report
Form 4
Fund 1 Investments, LLC
10% Owner
Transactions
- PurchaseSwap
Cash-Settled Total Return Swap
2025-06-27$3.28/sh+25,000$81,900→ 3,805,255 total(indirect: See Footnotes)Exp: 2026-03-02→ Common stock, par value $0.01 per share (25,000 underlying) - Purchase
Common stock, par value $0.01 per share
2025-06-27$3.19/sh+5,000$15,973→ 10,429,612 total(indirect: See Footnotes) - Purchase
Common stock, par value $0.01 per share
2025-06-27$3.22/sh+3,500$11,256→ 10,433,112 total(indirect: See Footnotes)
PLP Funds Master Fund LP
10% Owner
Transactions
- Purchase
Common stock, par value $0.01 per share
2025-06-27$3.19/sh+5,000$15,973→ 10,429,612 total(indirect: See Footnotes) - PurchaseSwap
Cash-Settled Total Return Swap
2025-06-27$3.28/sh+25,000$81,900→ 3,805,255 total(indirect: See Footnotes)Exp: 2026-03-02→ Common stock, par value $0.01 per share (25,000 underlying) - Purchase
Common stock, par value $0.01 per share
2025-06-27$3.22/sh+3,500$11,256→ 10,433,112 total(indirect: See Footnotes)
Pleasant Lake Partners LLC
10% Owner
Transactions
- Purchase
Common stock, par value $0.01 per share
2025-06-27$3.22/sh+3,500$11,256→ 10,433,112 total(indirect: See Footnotes) - Purchase
Common stock, par value $0.01 per share
2025-06-27$3.19/sh+5,000$15,973→ 10,429,612 total(indirect: See Footnotes) - PurchaseSwap
Cash-Settled Total Return Swap
2025-06-27$3.28/sh+25,000$81,900→ 3,805,255 total(indirect: See Footnotes)Exp: 2026-03-02→ Common stock, par value $0.01 per share (25,000 underlying)
Footnotes (4)
- [F1]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.
- [F2]Securities held for the account of Master Fund.
- [F3]The Reporting Persons have entered into cash-settled total return swaps (the "Swap Agreements") with unaffiliated third-party financial institutions, which provide the Reporting Persons with economic exposure to 25,000 notional shares of common stock, and expire on a range of dates from March 2, 2026 to November 1, 2027. The Swap Agreements provide the Reporting Persons with economic results that are comparable to the economic results of ownership but do not provide the Reporting Persons with the power to vote or direct the voting or dispose of or direct the disposition of the shares of common stock that are the subject of the Swap Agreements (the "Subject Shares"). Each of the Reporting Persons disclaims beneficial ownership of the Subject Shares except to the extent of its or his pecuniary interest therein.
- [F4]The expiration date of the Swap Agreements will be automatically extended for successive 12 month periods unless one party provides written notice to the other party, at least 30 calendar days prior to the first extension and at least 15 calendar days prior to any subsequent extension, not to so extend the expiration date.
Documents
Issuer
Torrid Holdings Inc.
CIK 0001792781
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001580144
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 12:15 PM ET
- Size
- 14.7 KB