Sharon A. Decker - 25 Sep 2024 Form 4 Insider Report for CULP INC (CULP)

Role: Director
Signature: /s/ Ashley C. Durbin, Attorney-in-Fact
Issuer symbol: CULP
Transactions as of: 25 Sep 2024
Net transactions value: $0
Form type: 4
Filing time: 27 Sep 2024, 08:39:29 UTC
Previous filing: 19 Jul 2024
Next filing: 27 Sep 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	+9,839	+32%	$0.000000	40,383	25 Sep 2024	Direct

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	-9,839	-100%	$0.000000	0	25 Sep 2024	Common Stock	9,839	$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 9,839 shares of Culp, Inc. common stock based on the reporting person remaining a director as of the date that is the earlier of (i) the one-year anniversary of the date of the grant, and (ii) the next annual meeting of shareholders (after the date of grant) which is at least 50 weeks after the immediately preceding year's annual meeting.

Content

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

These restricted stock units represent the right to receive 9,839 shares of Culp, Inc. common stock based on the reporting person remaining a director as of the date that is the earlier of (i) the one-year anniversary of the date of the grant, and (ii) the next annual meeting of shareholders (after the date of grant) which is at least 50 weeks after the immediately preceding year's annual meeting.