Aron R. English - Jul 12, 2024 Form 4 Insider Report for CULP INC (CULP)

Role
10%+ Owner
Signature
/s/ Aron R. English
Stock symbol
CULP
Transactions as of
Jul 12, 2024
Transactions value $
$117,730
Form type
4
Date filed
7/16/2024, 05:46 PM
Previous filing
Jul 10, 2024
Next filing
Jul 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CULP Common Stock Purchase $67.4K +13.3K +1.01% $5.07 1.32M Jul 12, 2024 By: 22NW Fund, LP F1, F2, F3
transaction CULP Common Stock Purchase $50.4K +9.7K +0.73% $5.19 1.33M Jul 16, 2024 By: 22NW Fund, LP F1, F3, F4
holding CULP Common Stock 1.45K Jul 12, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is filed jointly by 22NW Fund, LP ("22NW Fund"), 22NW, LP ("22NW"), 22NW Fund GP, LLC ("22NW GP"), 22NW GP, Inc. ("22NW Inc.") and Aron English (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
F2 Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.05 to $5.13, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F3 Securities owned directly by 22NW Fund. As the investment manager to 22NW Fund, 22NW may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW Fund, 22NW GP may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW, 22NW Inc. may be deemed to beneficially own the securities owned directly by 22NW Fund. Mr. English, as the Portfolio Manager of 22NW, Manager of 22NW GP and President and sole shareholder of 22NW Inc., may be deemed to beneficially own the securities owned directly by 22NW Fund.
F4 Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.14 to $5.25, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.