CULP INC (NYSE: CULP) CEO adds 2,768 shares in open-market stock purchase
Rhea-AI Filing Summary
CULP INC President & CEO Robert George Culp IV reported an open-market purchase of 2,768 shares of Common Stock on July 9, 2026 at $3.33 per share. Following this transaction, one directly held account shows 129,085 shares. Other reported positions include 295,710 shares held directly and 1,740 shares in each of two irrevocable trusts for his daughter and son, over which he has sole voting and investment power.
Positive
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Negative
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Insights
CEO makes a modest open-market share purchase while maintaining substantial existing holdings.
President & CEO Robert George Culp IV bought 2,768 shares of CULP INC Common Stock at $3.33 per share on July 9, 2026 in an open-market transaction. This is a discretionary purchase, not an automatic grant or option exercise.
After the trade, one directly held position stands at 129,085 shares, with another direct holding of 295,710 shares also reported. In addition, there are indirect holdings of 1,740 shares in each of two trusts for his daughter and son, where he has sole voting, dispositive and investment power. The filing does not reference any Rule 10b5-1 trading plan, so the timing appears discretionary.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,768 | $3.33 | $9K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Estimated number of shares based on information provided by 401(k) plan administrator regarding units in the stock fund acquired by the reporting person. Estimated share price based on calculation from information provided by 401(k) plan administrator regarding the unit price in the stock fund for such transaction. Estimated number of shares based on calculation from information provided by 401(k) plan administrator regarding units in the stock fund held by the reporting person following the reported transaction. These shares are held of record by CIBC National Trust Company in a trust for the benefit of the reporting person's daughter. The reporting person is the sole trustee of this trust, and the reporting person has sole voting, dispositive and investment power with respect to these shares. These shares are held of record by CIBC National Trust Company in a trust for the benefit of the reporting person's son. The reporting person is the sole trustee of this trust, and the reporting person has sole voting, dispositive and investment power with respect to these shares.