Gate City Capital (NYSE: CULP) discloses 5.8% beneficial stake in Culp

Rhea-AI Filing Summary

Gate City Capital Management and managing member Michael Melby report beneficial ownership of 737,301 shares of Culp, Inc. common stock, representing 5.8% of the class as of the event date 12/31/2025.

They report sole voting and dispositive power over all 737,301 shares and no shared power. The shares are held by private investment funds and managed accounts advised by Gate City Capital. The position is certified as being held in the ordinary course of business and not for the purpose of changing or influencing control of Culp.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Culp, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

230215105

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 230215105

1

Names of Reporting Persons

Gate City Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 737,301.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 737,301.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

737,301.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 230215105

1

Names of Reporting Persons

Michael Melby

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 737,301.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 737,301.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

737,301.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.8 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: This Schedule 13G (this "Schedule 13G") is being filed on behalf of Gate City Capital Management, LLC, an Illinois limited liability company (the "Management Company") and Michael Melby. Mr. Melby serves as the managing member of the Management Company. The Management Company serves as an adviser to certain private investment funds and managed accounts (the "Funds"). This Schedule 13G relates to Common Shares (the "Common Shares") of the Issuer held by the Funds.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Culp, Inc.
(b)	Address of issuer's principal executive offices: 410 W. English Road 5th Floor, High Point, NC, 27262
Item 2.
(a)	Name of person filing: Gate City Capital Management, LLC
(b)	Address or principal business office or, if none, residence: 8725 W. Higgins Road, Suite 530, Chicago, IL 60631
(c)	Citizenship: United States
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 230215105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 737301
(b)	Percent of class: 5.80%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 737301
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 737301
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Gate City Capital Management, LLC

Signature:	/s/ Michael Melby
Name/Title:	Michael Melby, Managing Member
Date:	02/17/2026

Michael Melby

Signature:	/s/ Michael Melby
Name/Title:	Michael Melby, Managing Member
Date:	02/17/2026

FAQ

What percentage of Culp (CULP) does Gate City Capital beneficially own?

Gate City Capital Management and Michael Melby beneficially own 5.8% of Culp’s common stock. This corresponds to 737,301 shares, giving them a significant minority stake but not a controlling interest in the company.

How many Culp (CULP) shares does Gate City Capital control?

Gate City Capital Management and Michael Melby report beneficial ownership of 737,301 Culp common shares. They have sole voting and dispositive power over all of these shares, with no shared voting or investment authority reported.

Is Gate City Capital seeking control of Culp (CULP) with this stake?

Gate City Capital certifies the Culp shares were acquired and held in the ordinary course of business. They state the investment was not made to change or influence control of Culp and is not part of a control-related transaction.

Who are the reporting persons in this Culp (CULP) Schedule 13G/A?

The reporting persons are Gate City Capital Management, LLC, an Illinois investment adviser, and Michael Melby, its managing member. The Culp shares are held by private investment funds and managed accounts advised by Gate City Capital.

When was Gate City Capital’s Culp (CULP) ownership measured for this report?

The reported beneficial ownership of Culp common stock is measured as of the event date 12/31/2025. On that date, Gate City Capital and Michael Melby reported holding 737,301 shares, or 5.8% of the outstanding class.

How is voting power over Culp (CULP) shares allocated for Gate City Capital?

Gate City Capital Management and Michael Melby report sole power to vote and dispose of 737,301 Culp shares. They indicate zero shared voting or dispositive power, meaning all authority over these shares rests with them or their advised funds.