[Form 4] RGC Resources Inc Insider Trading Activity

Rhea-AI Filing Summary

SEC Form 4 filing for Culp, Inc. (CULP) dated 3 July 2025 discloses an insider purchase by President & CEO Robert G. Culp IV. On 1 July 2025, the executive acquired 12,000 shares of CULP common stock through the company’s 401(k) plan at an estimated price of $4.15 per share, a transaction valued at roughly $49,800.

Following the acquisition, Culp’s 401(k) plan holdings rose to 104,030 shares. In addition, the filing shows 281,775 shares held directly outside the plan and 1,740 shares each in two irrevocable trusts for his children over which he retains sole voting and investment power. This brings his total reported beneficial ownership to approximately 389,285 shares of CULP common stock.

No sales, option exercises, or other derivative transactions were reported, and Table II is empty. The sole activity is a direct purchase, signalling incremental insider confidence but involving a relatively modest dollar amount for a chief executive of a small-cap firm.

Positive

• CEO insider purchase: 12,000 shares acquired at $4.15, indicating incremental confidence in CULP’s prospects.
• Increased alignment: Total beneficial ownership rises to roughly 389,285 shares, reinforcing management–shareholder alignment.

Negative

• None.

Insights

Securities Analyst

TL;DR: CEO bought 12k shares at $4.15; small purchase but positive alignment, limited valuation impact.

The purchase increases Robert G. Culp IV’s stake by roughly 3% of his pre-transaction 401(k) position and lifts his direct holdings above 385 k shares. Although the dollar value (< $50 k) is minor versus CULP’s daily trading volume and market capitalisation, insider buys—especially from a CEO—are statistically associated with above-average future returns in small-cap stocks. The absence of any sales or derivative hedging underscores a net-positive signal, yet the magnitude does not materially alter the supply–demand dynamics for the shares, so market impact should be modest.

Corporate Governance Specialist

TL;DR: Incremental insider buying improves alignment; impact classified as neutral due to size.

Form 4 shows compliance with Section 16 reporting and transparent disclosure of trust holdings, reflecting good governance practices. The CEO’s aggregate ownership of nearly 7% of outstanding shares (estimate) already aligned interests; adding 12 k shares marginally strengthens that alignment. No red flags—such as simultaneous sales or complex derivatives—appear. Given the transaction’s small scale, I view the filing as neutral-to-positive for governance perception but not impactful enough to shift strategic or financial outlook.

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
Estimated average burden
hours per response:			0.5

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^*

WILLIAMSON JOHN B III

(Last) (First) (Middle)

P. O. BOX 13007

(Street)

ROANOKE VA 24030

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RGC RESOURCES INC [ RGCO ]

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)
07/01/2025

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	07/01/2025		A(1)		265.616	A	$22.84	174,623.493	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

Explanation of Responses:

1. Shares issued to reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.

	/s/ John B. Williamson, III by Timothy J. Mulvaney, POA dated 02/05/2024	07/03/2025
	** 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

How many CULP shares did CEO Robert G. Culp IV purchase on 1 July 2025?

12,000 shares were acquired according to the Form 4 filing.

At what price were the CULP shares bought?

The estimated purchase price was $4.15 per share via the 401(k) plan.

What is the CEO’s total direct ownership after the transaction?

Direct holdings now total 104,030 shares within the 401(k) plus 281,775 shares held outside the plan.

Does the Form 4 report any share sales or derivative transactions?

No. The filing lists only a purchase; Table II for derivatives is blank.

How many shares are held in family trusts controlled by the CEO?

Two trusts each hold 1,740 shares, bringing indirect ownership to 3,480 shares.