Culp (CULP) director files Form 3/A showing no direct stock holdings
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
Culp Inc. director files amended initial ownership report showing no direct shares. The Form 3/A lists the reporting person as a director of Culp Inc. and reports beneficial ownership of 0 shares of common stock in direct form.
The footnote explains that the director may be deemed part of a Section 13(d) group that collectively owns more than 10% of Culp’s outstanding common stock. However, he expressly disclaims beneficial ownership of securities directly owned by other members of that group for Section 16 and other purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wilson Mark
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
Why is the CULP director associated with a Section 13(d) group in this Form 3/A?
The filing states the director may be deemed part of a Section 13(d) group that collectively owns more than 10% of Culp’s outstanding common stock. This reflects possible group status under ownership rules, while details of the group’s holdings are not itemized here.
What is the relationship of the reporting person to Culp Inc. in this filing?
The Form 3/A identifies the reporting person as a director of Culp Inc. No officer title or 10% owner box is checked individually, though he may be deemed part of a Section 13(d) group collectively holding more than 10% of the common stock.
Does this CULP Form 3/A show any derivative securities held by the director?
Table II of the Form 3/A, which covers derivative securities such as options or warrants, contains no entries. The table structure is present, but no derivative security titles, dates, or share amounts are reported for the director in this amendment.
Who signed the CULP Form 3/A and on whose behalf was it filed?
The Form 3/A is signed by /s/ Justin M. Grow as Attorney-In-Fact for the reporting person. This indicates the filing was submitted under a power of attorney authorizing Grow to sign Section 16 reports on the director’s behalf.