Culp CEO buys 4,874 shares via 401(k) plan
CULP’s President & CEO reported a 4,874-share 401(k) stock fund purchase and indirect holdings in two irrevocable trusts.
Rhea-AI Filing Summary
CULP INC (CULP) director and President & CEO Robert George Culp IV reported an open-market-equivalent purchase on September 18, 2026. He acquired 4,874 shares of common stock at an estimated $3.78 per share through a 401(k) plan stock fund, based on information from the plan administrator, and no Rule 10b5-1 plan is reported. He also reports indirect ownership of 1,740 shares in a trust for his daughter and 1,740 shares in a trust for his son, where he is sole trustee with sole voting, dispositive and investment power.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,874 shares
Net Buy
4 txns
Insider
CULP ROBERT GEORGE IV
Role
President & CEO
Bought
4,874 shs ($18K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2 | 4,874 | $3.78 | $18K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 452,030 shares (Direct);
Common Stock — 1,740 shares (Indirect, By Anna S. Culp Irrevocable Trust);
Common Stock — 1,740 shares (Indirect, By Robert G. Culp, V Irrevocable Trust)
Footnotes (4)
- F1. 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.
- F2. Estimated share purchase price based on information provided by 401(k) plan administrator.
- F3. 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.
- F4. 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.
Key Figures
Shares purchased: 4,874 shares
Estimated purchase price per share: $3.78 per share
Indirect trust holding – daughter: 1,740 shares
+2 more
5 metrics
Shares purchased
4,874 shares
Common stock acquired on September 18, 2026 through a 401(k) plan stock fund
Estimated purchase price per share
$3.78 per share
Estimated from information provided by the 401(k) plan administrator
Indirect trust holding – daughter
1,740 shares
Common stock held in an irrevocable trust for the reporting person’s daughter
Indirect trust holding – son
1,740 shares
Common stock held in an irrevocable trust for the reporting person’s son
Net buy direction
4,874 shares net purchase
Transaction summary shows net-buy activity in this Form 4
Key Terms
401(k) plan, Rule 10b5-1 plan, dispositive power, indirect ownership
4 terms
401(k) plan financial
"information provided by 401(k) plan administrator regarding units in the stock fund"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Rule 10b5-1 plan regulatory
"no Rule 10b5-1 plan is reported for these transactions"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
dispositive power financial
"the reporting person has sole voting, dispositive and investment power"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
indirect ownership financial
"These shares are held of record by CIBC National Trust Company in a trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CULP’s CEO report in this Form 4 for CULP?
The President & CEO, Robert George Culp IV, reported acquiring 4,874 shares of CULP common stock on September 18, 2026 through a 401(k) plan stock fund at an estimated $3.78 per share, based on information from the plan administrator.
Were the CULP (CULP) CEO’s transactions made under a Rule 10b5-1 plan?
No. The filing indicates that no Rule 10b5-1 plan is reported, meaning the disclosed 4,874-share acquisition through the 401(k) plan stock fund was not affirmatively identified as being executed under such a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
