Kenneth R. Bowling - 18 Jul 2024 Form 4 Insider Report for CULP INC (CULP)

Role
EVP, CFO & Treasurer
Signature
/s/ Ashley C. Durbin, Attorney-in-Fact
Issuer symbol
CULP
Transactions as of
18 Jul 2024
Net transactions value
-$12,878
Form type
4
Filing time
19 Jul 2024, 16:09:20 UTC
Previous filing
02 Oct 2023
Next filing
12 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CULP Common Stock Options Exercise $0 +6,882 +24% $0.000000 35,121 18 Jul 2024 Direct
transaction CULP Common Stock Tax liability $12,878 -2,525 -7.2% $5.10 32,596 18 Jul 2024 Direct
holding CULP Common Stock 18,170 18 Jul 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 -6,882 -10% $0.000000 60,398 18 Jul 2024 Common Stock 6,882 $0.000000 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 6,882 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.
F3 Estimated number of shares based on calculation from information provided by 401(k) Plan Administrator.