Ashley C. Durbin - Jul 18, 2024 Form 4 Insider Report for CULP INC (CULP)

Role
SVP, General Counsel
Signature
Ashley C. Durbin
Stock symbol
CULP
Transactions as of
Jul 18, 2024
Transactions value $
-$5,804
Form type
4
Date filed
7/19/2024, 10:46 AM
Previous filing
Oct 2, 2023
Next filing
Aug 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CULP Common Stock Options Exercise $0 +3.32K +81.7% $0.00 7.39K Jul 18, 2024 Direct
transaction CULP Common Stock Tax liability -$5.8K -1.14K -15.4% $5.10 6.25K Jul 18, 2024 Direct
holding CULP Common Stock 11.1K Jul 18, 2024 401(k) Plan F3

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 -3.32K -10.23% $0.00 29.2K Jul 18, 2024 Common Stock 3.32K $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 Culp, Inc. common stock.
F2 These restricted stock units represent the right to receive 3,322 shares of Culp, Inc. common stock based on the reporting person remaining employed by the company as of the end of the three year vesting period, as described in the award agreement.
F3 Estimated number of shares based on calculation from information provided by 401(k) Plan Administrator.