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Culp director Tyson receives 14,118 stock units

The director's reported direct common-stock position after the September 24 transaction was 13,990 shares.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CULP director Tyson William L received a grant of 14,118 restricted stock units on September 24, 2026, conditioned on remaining a director through the earlier of the grant's one-year anniversary or the next annual meeting of shareholders at least 50 weeks after the September 23, 2026 annual meeting. A separate entry records the disposition of 13,190 restricted stock units on September 23, followed by the acquisition of 13,190 common shares in an exercise/conversion transaction on September 24. Direct common-stock holdings after the latter transaction were 13,990 shares.

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Insider Tyson William L
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units F1, F5 14,118 $0.00 $0.00
Exercise Common Stock 13,190 $0.00 $0.00
Exercise Restricted Stock Units F1, F3, F2, F4 13,190 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units — 14,118 contracts (Direct); Common Stock — 13,990 shares (Direct)
Footnotes (5)
  1. F1. Contingent right to receive issuance of Culp, Inc. stock.
  2. F2. 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.
  3. F3. Previously reported as 13,064 due to clerical error on Form 4 filed with the SEC on September 29, 2025.
  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 14,118 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.
Restricted stock units granted 14,118 restricted stock units September 24, 2026
Restricted stock units disposed 13,190 restricted stock units September 23, 2026
Common shares acquired 13,190 shares Exercise/conversion transaction on September 24, 2026
Direct common-stock holdings after transaction 13,990 shares Following the September 24, 2026 transaction
Restricted Stock Units financial
"These restricted stock units represent the right to receive 14,118 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 to receive issuance financial
"Contingent right to receive issuance of Culp, Inc. stock."
vesting date financial
"no more restricted stock units with a vesting date"
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.

FAQ

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

How many CULP restricted stock units did director Tyson William L receive?

Tyson William L, a CULP director, received a grant of 14,118 restricted stock units on September 24, 2026.

What service condition applies to Tyson William L's CULP restricted stock unit grant?

The 14,118 restricted stock units represent the right to receive CULP common stock based on Tyson William L remaining a director through the earlier of the grant's one-year anniversary or the next annual meeting of shareholders at least 50 weeks after the September 23, 2026 annual meeting.

How many CULP common shares did Tyson William L acquire, and what were his resulting holdings?

The report records an exercise/conversion transaction involving 13,190 common shares on September 24, 2026; his reported direct common-stock holdings afterward were 13,990 shares.

Were Tyson William L's CULP transactions reported under a Rule 10b5-1 plan?

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

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

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
Tyson William L

(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock09/24/2026M13,190A$013,990D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)$009/23/2026M13,190(3) (2) (2)Common Stock13,190$00(4)D
Restricted Stock Units(1)$009/24/2026A14,118 (5) (5)Common Stock14,118$014,118D
Explanation of Responses:
1. Contingent right to receive issuance of Culp, Inc. stock.
2. 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.
3. Previously reported as 13,064 due to clerical error on Form 4 filed with the SEC on September 29, 2025.
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 14,118 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-Fact09/24/2026
** Signature of Reporting PersonDate
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)

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