Culp Inc.

07/14/2025 | Press release | Distributed by Public on 07/14/2025 17:33

Statement of Changes in Beneficial Ownership (Form 4)

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
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(Print or Type Responses)
1. Name and Address of Reporting Person *
CULP ROBERT GEORGE IV
2. Issuer Name and Ticker or Trading Symbol
CULP INC [CULP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President & CEO
(Last) (First) (Middle)
CULP INNOVATION CENTER AT CONGDON YARDS, 410 WEST ENGLISH ROAD - 5TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
07/11/2025
(Street)
HIGH POINT, NC 27262
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/11/2025 M 13,935 A $ 0 295,710 D
Common Stock 104,030(4) D
Common Stock 1,740 I By Anna S. Culp Irrevocable Trust(5)
Common Stock 1,740 I By Robert G. Culp, V Irrevocable Trust(6)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units(1) $ 0 07/11/2025 M 13,935 (2) (2) Common Stock 13.935 $ 0 0 (3) D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CULP ROBERT GEORGE IV
CULP INNOVATION CENTER AT CONGDON YARDS
410 WEST ENGLISH ROAD - 5TH FLOOR
HIGH POINT, NC 27262
X President & CEO

Signatures

/s/ Robert G. Culp, IV 03/14/2025
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Contingent right to receive Culp, Inc. common stock.
(2) These restricted stock units represent the right to receive 13,935 shares of Culp, Inc. common stock based on the reporting person remaining employed by the company as of the end of the three-year vesting period, as described in the award agreement.
(3) Reflects the total number of service-based restricted stock units with a vesting date of July 11, 2025, held by the reporting person following the reported transaction.
(4) Estimated number of shares based on calculation from information provided by 401(k) plan administrator regarding units in the stock fund held by the reporting person.
(5) These shares are held of record by CIBC National Trust Company for the benefit of the reporting person's daughter. The reporting person is the sole trustee of this trust, and the reporting person has sole voting, dispositive, and investment power with respect to these shares.
(6) These shares are held of record by CIBC National Trust Company for the benefit of the reporting person's son. The reporting person is the sole trustee of this trust, and the reporting person has sole voting, dispositive and investment power with respect to these shares.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
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