Torrid Holdings Inc.

On March 29, 2025, our Board adopted and approved, effective immediately, the Torrid Holdings Inc. Executive Severance Plan (the “Executive Severance Plan”), which is intended to constitute an “employee welfare benefit plan” as defined in Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended. The Executive Severance Plan provides financial and transitional assistance to a select group of management or highly compensated employees who separate from the Company, or the Company’s direct and indirect subsidiaries, due to certain terminations of employment. The conditions under which a termination occurs, either by the Company (without cause), or by the eligible employee (for good reason), are pursuant to the Executive Severance Plan, which entitles the eligible employees to severance benefits, continuation payments, and outplacement benefits. The Executive Severance Plan is administered by the Compensation Committee of the Board and shall continue in full force and effect until it is amended, changed, replaced, extended or terminated by the action of the Compensation Committee of the Board. Nothing in the Executive Severance Plan adversely affects the rights an individual employee may have to severance benefits pursuant to any employment agreement or offer letter between such employee and the Company, provided that no employee is eligible to receive severance benefits under the Executive Severance Plan that would be duplicative of any benefits the employee is eligible to receive under his or her employment agreement or offer letter with the Company.

The foregoing description of the Executive Severance Plan is not complete and is qualified in its entirety by reference to the complete text of the Executive Severance Plan, which is filed as Exhibit 10.40 hereto and is incorporated herein by reference.

During the three months ended February 1, 2025, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act)adopted orterminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act or any “non-Rule 10b5-1 trading arrangement” as defined in Item 408(c) of Regulation S-K.