Fred A. Jackson - Sep 25, 2024 Form 4 Insider Report for CULP INC (CULP)

Role: Director
Signature: /s/ Ashley C. Durbin, Attorney-in-Fact
Stock symbol: CULP
Transactions as of: Sep 25, 2024
Transactions value $: $0
Form type: 4
Date filed: 9/27/2024, 08:46 AM
Previous filing: Jul 10, 2024
Next filing: Sep 30, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CULP	Common Stock	Options Exercise	$0	+10.7K	+15.27%	$0.00	81K	Sep 25, 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	-10.7K	-100%	$0.00	0	Sep 25, 2024	Common Stock	10.7K	$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 10,733 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 or (ii) the next annual meeting of shareholders (after the date of the 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 10,733 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 or (ii) the next annual meeting of shareholders (after the date of the grant) which is at least 50 weeks after the immediately preceding year's annual meeting.