Thomas Bernard Gallagher JR - Jul 21, 2022 Form 4 Insider Report for CULP INC (CULP)

Role: Principal Accounting Officer
Signature: /s/ Ashley C. Durbin, Attorney-in-Fact
Stock symbol: CULP
Transactions as of: Jul 21, 2022
Transactions value $: $0
Form type: 4
Date filed: 8/22/2022, 12:05 PM
Previous filing: Jul 26, 2021
Next filing: Aug 22, 2022
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	+750		$0.00	750	Jul 21, 2022	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	+750	+27.27%	$0.00	3.5K	Jul 21, 2022	Common Stock	750	$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 750 shares of Culp, Inc. common stock based on the recipient remaining employed by the company as of the end of a three year vesting period, as described in the award agreement.