Culp Inc. VP Ronald Chandler nets 990 shares after RSU vesting, tax sale

Rhea-AI Filing Summary

On July 11, 2025, Ronald S. Chandler, Vice President & Corporate Controller of Culp, Inc. (CULP), reported changes in his ownership on SEC Form 4. He vested and converted 1,500 restricted stock units into an equal number of common shares at a stated price of $0.00. To cover withholding taxes 510 shares at $4.57 per share. After the transactions, Chandler directly owns 2,531 CULP common shares and holds no remaining service-based RSUs tied to the July 11, 2025 vesting schedule. The filing was signed on July 15, 2025.

Insights

Financial Analyst

TL;DR: Minor insider vesting; net share increase insignificant to float—neutral impact.

The Form 4 shows routine RSU vesting for a non-executive officer. Chandler acquired 1,500 shares at no cost and sold 510 to cover obligatory taxes, retaining 990 additional shares. Given Culp’s public float, the net increase is immaterial, and transaction codes (M, F) indicate planned award settlement rather than discretionary buying or selling. There is no implication of strategic insight into CULP’s outlook. I classify the market impact as neutral.

07/15/2025 - 08:54 AM

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chandler Ronald S

(Last) (First) (Middle)

CULP INNOVATION CENTER AT CONGDON YARDS

410 WEST ENGLISH ROAD - 5TH FLOOR

(Street)

HIGH POINT NC 27262

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP & Corporate Controller

3. Date of Earliest Transaction (Month/Day/Year)
07/11/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/11/2025		M		1,500	A	$0	3,041	D
Common Stock	07/11/2025		F		510	D	$4.57	2,531	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(1)	$0	07/11/2025		M			1,500	(2)	(2)	Common Stock	1,500	$0	0(3)	D

Explanation of Responses:

1. Contingent right to receive issuance of Culp, Inc. common stock.

2. These restricted stock units represent the right to receive 1,500 shares of Culp, Inc. common stock based on the reporting person remaining employed by the company as of the end of the three-year vesting period, as described in the award agreement.

3. Reflects the total number of service-based restricted stock units with a vesting date of July 11, 2025, held by the reporting person following the reported transaction.

	/s/ Justin M. Grow, Attorney-In-Fact	07/15/2025
	** 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 4 (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

How many CULP shares did insider Ronald Chandler acquire on July 11 2025?

He converted 1,500 restricted stock units into common shares.

What price was paid for the 1,500 CULP shares received?

The RSUs were exercised at $0.00 per share as part of the award terms.

How many CULP shares did Chandler sell to cover taxes?

He disposed of 510 shares at $4.57 per share.

What is Ronald Chandler’s direct CULP share ownership after the filing?

Following the transactions, he directly owns 2,531 common shares.

Does the Form 4 indicate any remaining unvested RSUs for Chandler?

No. After this vesting event, 0 service-based RSUs remain from the July 11 2025 grant.