Thomas Bruno - Aug 8, 2024 Form 4 Insider Report for CULP INC (CULP)

Role: President, Mattress Fabrics
Signature: /s/ Ashley C. Durbin, Attorney-in-Fact
Stock symbol: CULP
Transactions as of: Aug 8, 2024
Transactions value $: $0
Form type: 4
Date filed: 8/12/2024, 12:10 PM
Previous filing: Oct 2, 2023
SEC: View on sec.gov

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	+43.1K	+48.64%	$0.00	132K	Aug 8, 2024	Common Stock	86.1K	$0.00	Direct	F1, F2

Showing 1 to 1 of 1 entries

* 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 (43,054 RSUs) could vest and convert into the right to receive up to a maximum of 86,108 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.