[Form 4] CULP INC Insider Trading Activity

Rhea-AI Filing Summary

John Allen Baugh, a reporting person affiliated with Culp, Inc. (CULP), acquired 9,197 restricted stock units on 09/24/2025 under a Form 4 filing. The RSUs have a $0 conversion/exercise price and represent a contingent right to receive 9,197 shares of Culp common stock if the reporting person remains a director until the earlier of the one-year anniversary of the grant or the next annual shareholders meeting that is at least 50 weeks after the prior meeting. Following the reported acquisition, the filing shows the reporting person beneficially owns 56,275 shares of Culp common stock. The Form 4 was signed by an attorney-in-fact on 09/25/2025.

Positive

• Acquisition disclosed: Reporting person acquired 9,197 restricted stock units, increasing reported beneficial ownership to 56,275 shares.
• Clear vesting condition: RSUs are contingent on continued directorship until the earlier of one-year anniversary or the next qualifying annual meeting, which is explicitly stated.

Negative

• None.

Insights

Securities Analyst

TL;DR: Officer acquired 9,197 RSUs that vest on a time/tenure condition, increasing reported beneficial ownership to 56,275 shares.

The acquisition is a routine insider equity award disclosed on Form 4. The award is structured as restricted stock units with a $0 conversion price and a contingency tying issuance to continued service as a director until a vesting date defined by time or the next qualifying annual meeting. For investors, the filing shows insider alignment via additional equity ownership but does not provide dilution, grant date fair value, or total outstanding share count, limiting assessment of materiality in percentage terms.

Corporate Governance Specialist

TL;DR: Governance-standard RSU grant disclosed; vesting conditioned on continued board service, as described in the filing.

The disclosure clearly states the restricted stock units are contingent on the reporting person remaining a director until a specified milestone. This is a standard retention/compensation mechanism for directors. The Form 4 quantifies the award (9,197 RSUs) and the resulting beneficial ownership (56,275 shares), which are relevant for governance transparency. The filing lacks specifics on grant approvals, plan references, or potential acceleration provisions.

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

1. Name and Address of Reporting Person^*

Baugh John Allen

(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
	Officer (give title below)	X	Other (specify below)
			Former Director

3. Date of Earliest Transaction (Month/Day/Year)
09/24/2025

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	09/24/2025		M		9,197	A	$0	56,275	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	09/24/2025		M			9,197	(2)	(2)	Common Stock	9,197	$0	0	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 9,197 shares of Culp, Inc. common stock based on the reporting person remaining a director as of 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 which is at least 50 weeks after the immediately preceding year's annual meeting.

	/s/ Justin M. Grow, Attorney-In-Fact	09/25/2025
	** 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

What did John Allen Baugh report on the CULP Form 4?

He reported acquiring 9,197 restricted stock units on 09/24/2025 and beneficially owning 56,275 shares following the transaction.

Do the restricted stock units have an exercise or conversion price?

Yes, the RSUs are reported with a $0 conversion/exercise price in the filing.

What is the vesting condition for the 9,197 RSUs?

The RSUs are contingent on the reporting person remaining a director until the earlier of the one-year anniversary of the grant or the next annual meeting of shareholders that is at least 50 weeks after the prior meeting.

When was the Form 4 signed and filed?

The filing shows an attorney-in-fact signed on 09/25/2025 for the reporting person.

Does the Form 4 disclose any cash purchase price paid for the securities?

No cash price was paid; the transaction is reported with a $0 price for the RSUs and the underlying shares.