Director Mark Wilson reports no direct CULP (CULP) share ownership on initial Form 3

Rhea-AI Filing Summary

CULP INC director files initial ownership report showing no direct shares

CULP INC director Mark Wilson filed an initial Form 3 stating that he directly owns 0 shares of the company’s common stock. This form establishes his baseline ownership position as he becomes subject to insider reporting rules.

The filing notes he may be deemed part of a Section 13(d) group that collectively holds more than 10% of CULP’s common stock, but he expressly disclaims beneficial ownership of the securities held by that group. The report states it should not be viewed as an admission that he beneficially owns those shares for Section 16 or any other purpose.

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)

1. [object Object]

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Wilson Mark

(Last) (First) (Middle)

590 1ST AVE. S

UNIT C1

(Street)

SEATTLE WA 98104

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/23/2026

3. Issuer Name and Ticker or Trading Symbol
CULP INC [ CULP ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock(1)	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person may be deemed to be a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding common stock. The reporting person disclaims beneficial ownership of the securities owned directly by the members of the Section 13(d) group and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

	/s/ Justin M. Grow, Attorney-In-Fact	02/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did CULP (CULP) director Mark Wilson report on this Form 3?

Director Mark Wilson reported his initial ownership in CULP INC common stock. The filing shows he directly owns 0 shares, establishing a baseline for future insider reports now that he is subject to Section 16 reporting requirements as a company director.

Does Mark Wilson directly own any CULP (CULP) common stock according to this filing?

According to the Form 3, Mark Wilson directly owns 0 shares of CULP INC common stock. This indicates he had no directly held non-derivative shares as of the stated event date when his insider reporting obligations began under Section 16.

Why does the CULP (CULP) Form 3 mention a Section 13(d) group?

The Form 3 notes Wilson may be deemed part of a Section 13(d) group that collectively owns over 10% of CULP’s common stock. This language addresses potential group status for ownership calculations under securities laws involving coordinated holders of more than ten percent.

Does Mark Wilson claim beneficial ownership of the CULP (CULP) shares held by the Section 13(d) group?

No. The filing states Wilson disclaims beneficial ownership of securities held directly by the Section 13(d) group members. It also specifies the report should not be considered an admission that he is the beneficial owner of those shares for Section 16 or any other purpose.

What is the significance of this Form 3 for CULP (CULP) investors?

This Form 3 identifies Mark Wilson as a CULP INC director subject to insider reporting while confirming he holds no directly owned common shares. It also clarifies that any group holdings above 10% are not admitted as his beneficial ownership, framing how his future filings should be interpreted.