Abaelu Chinwe 4

What Happened
Abaelu Chinwe, Senior Vice President and Chief Accounting Officer of Torrid Holdings (CURV), received equity compensation and made a small ESPP purchase. The filing shows a grant of 98,426 restricted stock units (RSUs) on 2026-03-16 (no cash outlay), a grant of options covering 176,057 shares on 2026-03-16 (derivative award, no cash outlay), and an ESPP purchase of 1,000 shares on 2025-12-31 at $0.83 per share for $830. The RSUs and options vest over four years in substantially equal 25% annual installments beginning March 16, 2027.

Key Details

• Filing date: Form 4 filed 2026-03-18 covering transactions dated 2025-12-31 and 2026-03-16.
• Grants/purchases: 98,426 RSUs (A) @ $0.00; 176,057 options (A, derivative) @ $0.00; 1,000 ESPP shares (A) @ $0.83 = $830.
• Vesting: RSUs vest 25% annually on March 16 of 2027, 2028, 2029 and 2030 (F1). Options begin vesting March 16, 2027 and become exercisable in equal 25% installments on the same dates (F3).
• ESPP detail: ESPP purchase for July 1–Dec 31, 2025 period; purchased at 85% of the Dec 31, 2025 closing price (F2).
• Shares owned following the reported transactions: not specified in the filing.

Context
These entries are grants and an employee purchase—not sales. The RSUs and options are compensation awards subject to future vesting and continued employment; the ESPP purchase represents a small personal buy ($830) and is the only immediate cash purchase. The options were granted, not exercised, so no stock sales or cashless exercises occurred. The filing appears to be a routine disclosure of compensation and an ESPP purchase.