3//SEC Filing
Fund 1 Investments, LLC 3
Accession 0000921895-25-003283
CIK 0001792781other
Filed
Dec 4, 7:00 PM ET
Accepted
Dec 5, 4:52 PM ET
Size
7.1 KB
Accession
0000921895-25-003283
Insider Transaction Report
Form 3
Fund 1 Investments, LLC
10% Owner
Holdings
- 9,929,856(indirect: See Footnote)
Common stock, par value $0.01 per share
- (indirect: See Footnote)
Cash-Settled Total Return Swap
Exp: 2026-03-02→ Common stock, par value $0.01 per share (6,514,479 underlying)
Footnotes (3)
- [F1]Securities reported herein for Fund 1 Investments, LLC are held by private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser. Fund 1 Investments, LLC serves as managing member of Pleasant Lake Partners LLC. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
- [F2]Referencing cash-settled total return swaps (the "Swap Agreements") with unaffiliated third-party financial institutions, which provide the holder with economic exposure to an aggregate of 6,514,479 notional shares, and expire on a range of dates from March 2, 2026 to November 1, 2027. The Swap Agreements provide the holder with economic results that are comparable to the economic results of ownership but do not provide the holder 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"). The Reporting Person disclaims beneficial ownership of the Subject Shares except to the extent of its pecuniary interest therein.
- [F3]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 0001959730
Filing Metadata
- Form type
- 3
- Filed
- Dec 4, 7:00 PM ET
- Accepted
- Dec 5, 4:52 PM ET
- Size
- 7.1 KB