Mary Elizabeth Hunsberger - 08 Aug 2024 Form 4 Insider Report for CULP INC (CULP)

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	Award	$0	+35,484	+120%	$0.000000	65,000	08 Aug 2024	Common Stock	70,968	$0.000000	Direct	F1, F2

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

Id	Content
F1	Contingent right to receive issuance of Culp, Inc. common stock.
F2	These restricted stock units (35,484 RSUs) could vest and convert into the right to receive up to a maximum of 70,968 shares of common stock if the company achieves certain performance criteria over a three-year performance period beginning April 29, 2024, and ending May 2, 2027, per the terms of the award agreement.