CULP INC — Director's Dealing 2023

Oct 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CULP INC (CULP)
CIK: 0000723603
Period of Report: 2023-09-28

Reporting Person: Bowling Kenneth R (EVP, CFO & Treasurer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-09-28	Restricted Stock Units	$0	A	37768	Acquired		Common Stock (50357)	Direct

Footnotes

F1: Contingent right to issuance of Culp, Inc. common stock.

F2: 1/2 of these restricted stock units (18,884 RSUs) vest and convert into the right to receive one share of common stock per RSU (18,884 total shares of common stock) on or about July 10, 2026, if the participant remains employed by the company as of such date; the remaining 1/2 of these RSUs (18,884 RSUs) could vest and convert into the right to receive up to a maximum of 31,473 total shares of common stock if the company achieves certain performance criteria over a three year period beginning May 1, 2023 and ending may 3, 2026, per the terms of the award agreement.