Mary Elizabeth Hunsberger - 27 Jul 2024 Form 3 Insider Report for CULP INC (CULP)

Role: President, Upholstery Fabrics
Signature: Mary Elizabeth Hunsberger
Issuer symbol: CULP
Transactions as of: 27 Jul 2024
Net transactions value: $0
Form type: 3
Filing time: 05 Aug 2024, 13:34:35 UTC
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
holding	CULP	Common Stock						10,000	27 Jul 2024	IRA

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
holding	CULP	Restricted Stock Units							27 Jul 2024	Common Stock	39,355	$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 issuance of Culp, Inc. common stock.
F2	Consists of 29,516 restricted stock units (RSUs), of which 14,758 RSUs vest and convert into the right to receive one share of common stock per RSU (14,758 total shares of common stock) on or about July 10, 2026, if the participant remains employed by the company as of such date; the remaining 14,758 RSUs could vest and convert into the right to receive up to a maximum of 24,597 total shares of common stock if the company achieves certain performance criteria over a three-year performance period beginning May 1, 2023, and ending May 3, 2026, per the terms of the award agreement.

Content

Contingent right to issuance of Culp, Inc. common stock.

Consists of 29,516 restricted stock units (RSUs), of which 14,758 RSUs vest and convert into the right to receive one share of common stock per RSU (14,758 total shares of common stock) on or about July 10, 2026, if the participant remains employed by the company as of such date; the remaining 14,758 RSUs could vest and convert into the right to receive up to a maximum of 24,597 total shares of common stock if the company achieves certain performance criteria over a three-year performance period beginning May 1, 2023, and ending May 3, 2026, per the terms of the award agreement.