Franklin N. Saxon - Aug 6, 2023 Form 4 Insider Report for CULP INC (CULP)

Role: Director
Signature: /s/ Ashley C. Durbin, Attorney-in-Fact
Stock symbol: CULP
Transactions as of: Aug 6, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/8/2023, 06:01 PM

This filing has been restated, see here for the amended filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CULP	Common Stock	Options Exercise	$0	+6.81K	+6.39%	$0.00	113K	Aug 6, 2023	Direct	F3
holding	CULP	Common Stock						275	Aug 6, 2023	401(k) Plan	F4

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	+6.81K		$0.00^*	0	Aug 6, 2023	Common Stock	6.81K	$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 issuance of shares of Culp, Inc. common stock.
F2	These restricted stock units represent the right to receive 6,812 shares of Culp, Inc. common stock based on the reporting person remaining employed or continuing to provide services to the company as an independent contractor as of the end of the three year vesting period as described in the award agreement.
F3	Includes 3,000 shares owned by Lori Saxon, Mr. Saxon's spouse, in her own name. Mr. Saxon disclaims beneficial ownership of the shares owned by his spouse.
F4	Estimated based on calculation from information provided by 401(k) Plan Administrator.