[Form 4] CULP INC Insider Trading Activity

Rhea-AI Filing Summary

Alexander B. Jones, a director of Culp, Inc. (CULP), reported restricted stock unit transactions dated September 24-25, 2025. The Form 4 shows contingent rights to receive 9,197 shares tied to a September 24, 2025 grant and an additional 13,064 restricted stock units granted on September 25, 2025. The reported RSUs are described as contingent on the reporting person remaining a director through the earlier of the one-year anniversary of the grant or the next annual meeting that is at least 50 weeks after the prior meeting.

The filing records an acquisition code and zero per-share price, indicating issuance of RSUs rather than a cash purchase. The report also notes the reporting person may be part of a Section 13(d) group owning more than 10% of the issuer and disclaims beneficial ownership of securities held by other group members.

Positive

• Director received equity compensation totaling 22,261 restricted stock units, aligning interests with shareholders
• RSUs are service-based and contingent, which ties value to continued board service

Negative

• Reporting person may be part of a Section 13(d) group owning >10%, which could complicate ownership disclosures
• RSUs are contingent and not immediately vested or issued, so no immediate share issuance is guaranteed

Insights

Corporate Governance Expert

TL;DR: Routine director equity grants tied to continued service; governance note about potential Section 13(d) group membership.

The transaction reflects standard director compensation via restricted stock units that vest based on continued board service or timing of the annual meeting. Such grants align director incentives with shareholder value without immediate dilution because they are contingent and reported as RSUs with a $0 exercise price until issuance. The disclosure that the reporting person "may be deemed" part of a Section 13(d) group is a governance footnote that could affect disclosure obligations but does not, by itself, quantify additional holdings.

Securities Analyst

TL;DR: Insider acquired contingent rights to 22,261 shares; transaction appears administrative and non-cash.

The Form 4 documents acquisition of a total of 22,261 restricted stock units (9,197 and 13,064) granted on consecutive dates and reported under transaction codes consistent with issuance of equity awards. The reported price of $0 indicates these are service-based RSUs rather than market purchases. The post-transaction beneficial ownership figures are disclosed for the affected classes; no derivatives exercisable immediately or cash consideration are reported.

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

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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^*

Jones Alexander B

(Last) (First) (Middle)

590 1ST AVE. S

UNIT C1

(Street)

SEATTLE WA 98104

(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
	Officer (give title below)		Other (specify below)

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(2)	09/24/2025		M		9,197	A	$0	9,722	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)(2)	$0	09/24/2025		M			9,197	(3)	(3)	Common Stock	9,197	$0	0(4)	D
Restricted Stock Units(1)(2)	$0	09/25/2025		A		13,064		(5)	(5)	Common Stock	13,064	$0	13,064	D

Explanation of Responses:

1. Contingent right to receive issuance of Culp, Inc. common stock.

2. The reporting person may be deemed to be a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding common stock. The reporting person disclaims beneficial ownership of the securities owned directly by other members of the Section 13(d) group and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

3. 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 of the Issuer which is at least 50 weeks after the immediately preceding year's annual meeting.

4. The reporting person holds no more restricted stock units with a vesting date of the Issuer's September 24, 2025, annual meeting of shareholders.

5. These restricted stock units represent the right to receive 13,064 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 of the Issuer which is at least 50 weeks after the Issuer's September 24, 2025, annual meeting of shareholders.

	/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).
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FAQ

What did Alexander B. Jones report on Form 4 for CULP?

The Form 4 reports acquisition of 9,197 RSUs on 09/24/2025 and 13,064 RSUs on 09/25/2025, contingent on continued service as a director.

Do the reported transactions involve cash purchases?

No. The Form 4 shows a reported price of $0, indicating service-based restricted stock units rather than cash purchases.

How many total restricted stock units were granted to the director?

A total of 22,261 restricted stock units were reported (9,197 + 13,064).

Are these RSUs immediately vested and issued?

No. Explanations state the RSUs are contingent on remaining a director until the earlier of one-year anniversary of grant or the next qualifying annual meeting.

Does the filing indicate any large ownership group?

Yes. The filer notes he may be deemed a member of a Section 13(d) group that collectively owns more than 10% of Culp, Inc., and disclaims beneficial ownership of others' securities.