Cassandra J. Brown - Jul 21, 2022 Form 4 Insider Report for CULP INC (CULP)

Role: President, Culp Home Fashions
Signature: /s/ Ashley C. Durbin, Attorney-in-Fact
Stock symbol: CULP
Transactions as of: Jul 21, 2022
Transactions value $: -$4,973
Form type: 4
Date filed: 8/22/2022, 05:01 PM
Previous filing: Jul 26, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CULP	Common Stock	Options Exercise	$0	+3.41K	+35.11%	$0.00	13.1K	Jul 21, 2022	Direct
transaction	CULP	Common Stock	Tax liability	-$4.97K	-975	-7.42%	$5.10	12.2K	Jul 21, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CULP	Restricted Stock Units	Options Exercise	$0	+3.41K	+14.98%	$0.00	26.2K	Jul 21, 2022	Common Stock	3.41K	$0.00	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Contingent right to receive restricted stock units.
F2	These restricted stock units represent the right to receive 3,14 shares of Culp, Inc. common stock based on the reporting person remaining employed by the company as of the end of a three year vesting period, as described in the award agreement.