Culp executive exercises 8,749 RSUs, withholds shares for tax

Culp Inc. SVP & CHRO Teresa Atkins Huffman exercised 8,749 restricted stock units into common stock on July 17, 2026.

Rhea-AI Filing Summary

Culp Inc. SVP & CHRO Teresa Atkins Huffman exercised 8,749 restricted stock units into common stock on July 17, 2026. To cover taxes, 2,952 shares were withheld at $3.70 per share. After these transactions, she directly held 16,043 Culp common shares. The trades were not reported as made under a Rule 10b5-1 plan.

Insider Trade Summary

8,749 shares exercised/converted

Exercise 3 txns

Insider Huffman Teresa Atkins

Role SVP & CHRO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F1, F2, F3	8,749	$0.00	$0.00
Exercise	Common Stock	8,749	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,952	$3.70	$11K

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 16,043 shares (Direct)

Footnotes (3)

1. F1. Contingent right to receive issuance of Culp, Inc. common stock.
2. F2. These restricted stock units represent the right to receive 8,749 shares of Culp, Inc. common stock based on the reporting person remaining employed with the company through July 17, 2026, as set forth in the award agreement.
3. F3. Reflects the total number of service-based restricted stock units with a vesting date of July 17, 2026, held by the reporting person following the reported transaction.

Key Figures

RSUs converted to common stock: 8,749 shares Shares withheld for taxes: 2,952 shares Tax withholding price: $3.70 per share +1 more

4 metrics

RSUs converted to common stock 8,749 shares Restricted Stock Units exercised into Culp common stock on July 17, 2026

Shares withheld for taxes 2,952 shares Common shares withheld in tax-withholding disposition related to RSU vesting

Tax withholding price $3.70 per share Valuation used for the 2,952 shares withheld for tax obligations

Direct holdings after transactions 16,043 shares Culp common shares directly owned by Teresa Atkins Huffman after July 17, 2026 trades

Key Terms

Restricted Stock Units, tax-withholding disposition, derivative security, service-based restricted stock units, +1 more

5 terms

Restricted Stock Units financial

"These restricted stock units represent the right to receive 8,749 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.

tax-withholding disposition financial

"transaction_action: tax-withholding disposition related to equity award vesting"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

service-based restricted stock units financial

"total number of service-based restricted stock units with a vesting date"

Service-based restricted stock units are promises by a company to give employees shares of stock only after they remain employed for a specified period; the stock is delivered gradually or all at once once the service condition is met. Investors care because these awards affect future share supply and company costs, align employee interests with long-term performance, and can influence dilution and earnings reports when the promised shares are recorded or issued.

vesting date financial

"service-based restricted stock units with a vesting date of July 17, 2026"

FAQ

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

What insider equity transaction did Culp (CULP) report for Teresa Atkins Huffman?

Culp reported that SVP & CHRO Teresa Atkins Huffman exercised 8,749 restricted stock units into common stock on July 17, 2026. In connection with this vesting, a portion of the resulting shares was withheld to satisfy tax obligations.

How many restricted stock units did Culp (CULP) executive Teresa Atkins Huffman vest?

Teresa Atkins Huffman vested 8,749 restricted stock units, each representing one share of Culp common stock. These units were service-based awards tied to her continued employment with the company through a specified vesting date under the applicable award agreement.

How many Culp (CULP) shares were withheld for Teresa Atkins Huffman’s taxes and at what price?

To satisfy tax obligations related to the vesting, 2,952 Culp common shares were withheld in a tax-withholding disposition. The withholding was valued at $3.70 per share, reflecting the price used to determine the tax payment in shares.

What is Teresa Atkins Huffman’s Culp (CULP) shareholding after the reported transactions?

Following the reported RSU vesting and associated tax withholding, Teresa Atkins Huffman directly held 16,043 shares of Culp common stock. This figure reflects her direct ownership position immediately after completion of the July 17, 2026 equity transactions.

Were Teresa Atkins Huffman’s Culp (CULP) transactions made under a Rule 10b5-1 trading plan?

The disclosure indicates these transactions were not reported as being executed under a Rule 10b5-1 trading plan. The document-level checkbox for Rule 10b5-1 plans was left unchecked, suggesting the trades were not made pursuant to a pre-arranged trading program.

What type of awards did Teresa Atkins Huffman hold in Culp (CULP) before conversion?

She held restricted stock units that provided a contingent right to receive Culp common stock. These service-based RSUs entitled her to 8,749 shares upon remaining employed with the company through the specified vesting date in the award agreement.

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

Accepted by SEC EDGAR 07/20/2026 - 12:25 PM EDT Learn about SEC filing dates

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^*

Huffman Teresa Atkins

(Last) (First) (Middle)

410 W. 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/17/2026

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	07/17/2026		M		8,749	A	$0	18,995	D
Common Stock	07/17/2026		F		2,952	A	$3.7	16,043	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	07/17/2026		M		8,749		(2)	(2)	Common Stock	8,749	$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 8,749 shares of Culp, Inc. common stock based on the reporting person remaining employed with the company through July 17, 2026, as set forth in the award agreement.

3. Reflects the total number of service-based restricted stock units with a vesting date of July 17, 2026, held by the reporting person following the reported transaction.

	/s/ Teresa Huffman	07/20/2026
	** 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)