Culp director Heatherton receives 12,941 stock units

A director's report pairs a 12,941-unit award with conversion into 13,190 common shares.

Available on EDGAR 09/24/2026 - 05:16 PM EDT Accepted by SEC EDGAR 09/24/2026 - 05:15 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

CULP Inc. director Lynn D. Heatherton reported converting 13,190 restricted stock units into 13,190 common shares on September 23, 2026; the reported direct common-stock position after conversion was 13,190 shares. On September 24, Heatherton received 12,941 restricted stock units, representing a right to receive common shares if Heatherton remains a director through the earlier of the grant's one-year anniversary or the next annual meeting at least 50 weeks after the September 23, 2026 annual meeting.

Insider Trade Summary

13,190 shares exercised/converted

Exercise 3 txns

Insider Heatherton Lynn D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1, F5	12,941	$0.00	$0.00
Exercise	Restricted Stock Units F1, F2, F3, F4	13,190	$0.00	$0.00
Exercise	Common Stock	13,190	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 12,941 units (Direct); Common Stock — 13,190 shares (Direct)

Footnotes (5)

1. F1. Contingent right to receive Culp, Inc. common stock.
2. F2. Reported as 13,064 due to clerical error in Form 3 filed with the SEC on October 6, 2025.
3. F3. These restricted stock units represent the right to receive 13,190 shares of Culp, Inc. common stock based on the reporting person remaining a director through the date that is the earlier of (i) the one-year anniversary of the date of the grant, or (ii) the next annual meeting of shareholders of the Issuer which is at least 50 weeks after the immediately preceding year's annual meeting.
4. F4. The reporting person holds no more restricted stock units with a vesting date of the Issuer's September 23, 2026, annual meeting of shareholders.
5. F5. These restricted stock units represent the right to receive 12,941 shares of Culp, Inc. common stock based on the reporting person remaining a director through the date that is the earlier of (i) the one-year anniversary of the date of the grant, or (ii) the next annual meeting of shareholders of the Issuer which is at least 50 weeks after the Issuer's September 23, 2026, annual meeting of shareholders.

Key Figures

Restricted stock units granted: 12,941 units Restricted stock units converted: 13,190 units Direct common shares after conversion: 13,190 shares

3 metrics

Restricted stock units granted 12,941 units Granted September 24, 2026

Restricted stock units converted 13,190 units Conversion reported September 23, 2026

Direct common shares after conversion 13,190 shares Reported after the September 23, 2026 conversion

Key Terms

Restricted Stock Units, Contingent right, vesting date

3 terms

Restricted Stock Units financial

"These restricted stock units represent the right to receive 12,941 shares"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Contingent right financial

"Contingent right to receive Culp, Inc. common stock"

vesting date financial

"with a vesting date of the Issuer's September 23, 2026, annual meeting"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transactions did CULP director Lynn D. Heatherton report?

On September 23, 2026, Heatherton converted 13,190 restricted stock units into 13,190 common shares; on September 24, Heatherton received 12,941 restricted stock units.

What condition applies to CULP's 12,941 restricted stock units?

The units represent a right to receive 12,941 common shares if Lynn D. Heatherton remains a director through the earlier of the grant's one-year anniversary or the next annual meeting of shareholders that is at least 50 weeks after the September 23, 2026 annual meeting.

Did CULP director Lynn D. Heatherton report a Rule 10b5-1 plan?

No Rule 10b5-1 plan is reported for the transactions.

Why does Heatherton's CULP report mention 13,064 shares?

A footnote says 13,064 was reported because of a clerical error in a Form 3 filed on October 6, 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Heatherton Lynn D

(Last) (First) (Middle)

CULP INNOVATION CENTER AT CONGDON YARDS

410 WEST ENGLISH ROAD - 5TH FLOOR

(Street)

HIGH POINT NORTH CAROLINA 27262

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2026

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

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

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

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	09/23/2026		M		13,190	A	$0	13,190	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	09/23/2026		M			13,190(2)	(3)	(3)	Common Stock	13,190	$0	0(4)	D
Restricted Stock Units(1)	$0	09/24/2026		A		12,941		(5)	(5)	Common Stock	12,941	$0	12,941	D

Explanation of Responses:

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

2. Reported as 13,064 due to clerical error in Form 3 filed with the SEC on October 6, 2025.

3. These restricted stock units represent the right to receive 13,190 shares of Culp, Inc. common stock based on the reporting person remaining a director through the date that is the earlier of (i) the one-year anniversary of the date of the grant, or (ii) the next annual meeting of shareholders of the Issuer which is at least 50 weeks after the immediately preceding year's annual meeting.

4. The reporting person holds no more restricted stock units with a vesting date of the Issuer's September 23, 2026, annual meeting of shareholders.

5. These restricted stock units represent the right to receive 12,941 shares of Culp, Inc. common stock based on the reporting person remaining a director through the date that is the earlier of (i) the one-year anniversary of the date of the grant, or (ii) the next annual meeting of shareholders of the Issuer which is at least 50 weeks after the Issuer's September 23, 2026, annual meeting of shareholders.

	/s/ Justin M. Grow, Attorney-In-Fact	09/24/2026
	** 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 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.
* Form 4: SEC 1474 (03-26)