CULP Insider Filing: 7,428 Shares Bought via 401(k); 295,710 Shares Disposed

Rhea-AI Filing Summary

Robert G. Culp IV, President & CEO and a director of Culp Inc. (CULP), filed a Form 4 reporting transactions on 09/22/2025. The filing shows an estimated acquisition of 7,428 shares through a 401(k) stock fund at an estimated unit price of $4.42. After that transaction the filing reports an estimated beneficial ownership of 111,458 shares. The Form 4 also reports a disposition of 295,710 shares and discloses two small indirect holdings of 1,740 shares each held in trusts for the reporting person’s daughter and son, for which the reporting person is sole trustee with sole voting and dispositive power.

Positive

• Acquisition of 7,428 shares through the reporting person’s 401(k) stock fund on 09/22/2025, disclosed with estimated unit price of $4.42
• Clear disclosure of indirect trust holdings (1,740 shares each) with statement that the reporting person is sole trustee with sole voting and dispositive power

Negative

• Reported disposition of 295,710 shares on the Form 4 (amount and date provided in filing)
• Large net decrease in reported holdings implied by the simultaneous disposal and smaller acquisition reported on the same filing

Insights

Securities Analyst

TL;DR: Insider reported a small 401(k) purchase and a large reported disposition; the net reported movement is materially negative for insider holdings.

The Form 4 documents an estimated acquisition of 7,428 shares at an estimated unit price of $4.42 based on 401(k) plan information, and a reported disposition of 295,710 shares. The filing also clarifies indirect holdings of 1,740 shares each held in trusts for family members where the reporting person is sole trustee with voting and dispositive power. From a securities-disclosure perspective, the filing meets Section 16 reporting by identifying the transaction dates, estimated quantities, and the reporting person’s relationship to the issuer.

Corporate Governance Expert

TL;DR: Disclosure shows control over family trust shares and both purchase and large sale activity; governance transparency appears maintained.

The Form 4 explicitly states the reporting person is sole trustee of two trusts holding 1,740 shares each and has sole voting and dispositive power over those shares, which clarifies indirect ownership and potential control. The filing reports routine 401(k)-based acquisitions with estimated calculations provided by the plan administrator and specifies estimated pricing and share counts. The simultaneous reporting of a large disposition alongside a small plan acquisition is notable for governance monitoring, though the filing itself provides the required factual details without additional explanation.

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).

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^*

CULP ROBERT GEORGE IV

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

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	09/22/2025		P		7,428(1)	A	$4.42(2)	111,458(3)	D
Common Stock								295,710	D
Common Stock								1,740	I	By Anna S. Culp Irrevocable Trust(4)
Common Stock								1,740	I	By Robert G. Culp, V Irrevocable Trust(5)

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

Explanation of Responses:

1. Estimated number of shares based on calculation from information provided by 401(k) plan administrator regarding units in the stock fund acquired by the reporting person.

2. 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.

3. 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.

4. 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.

5. 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.

	/s/ Justin M. Grow, Attorney-In-Fact	09/23/2025
	** 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 CULP insider Robert G. Culp IV report on 09/22/2025?

The Form 4 reports an estimated acquisition of 7,428 shares via a 401(k) stock fund at an estimated unit price of $4.42 and a reported disposition of 295,710 shares.

How many shares does Robert G. Culp IV beneficially own after the reported transaction?

The filing reports an estimated beneficial ownership of 111,458 shares following the reported transaction.

Are any shares held indirectly by the reporting person?

Yes. The filing discloses two indirect holdings of 1,740 shares each held by trusts for the reporting person’s daughter and son; the reporting person is sole trustee with sole voting and dispositive power.

What is the basis for the estimated share and price figures?

The filing states the estimated share amounts and unit price were calculated from information provided by the 401(k) plan administrator regarding units in the stock fund.

Who signed the Form 4 on behalf of the reporting person?

The Form 4 is signed by Justin M. Grow, Attorney-In-Fact on 09/23/2025.