Michael T. McCaul × CULP

This July 5, 2019 buy of $1,001 in Culp Inc was filed on August 20, 2019, producing a 46-day disclosure delay that surpasses the STOCK Act's 45-day statutory deadline. It is one of seven consecutive minimum-threshold purchases in Culp recorded across a two-week span in July 2019, all batched into a single August 20 filing. The trade size itself is unremarkable, sitting at just 7 percent of the median disclosed trade size in this dataset. No peer members filed similar trades in the same 14-day window. Viewed in isolation, the trade appears routine. Within the broader context of 102 total disclosed trades in this single ticker, however, the pattern suggests a deliberate incremental strategy combined with a filing practice that consistently tests or exceeds disclosure timing boundaries. This particular trade is the only one in this cluster to breach the STOCK Act's statutory 45-day window.

This July 10, 2019 buy of $1,001 in Culp Inc was filed on August 20, 2019, a 41-day delay that exceeds Kapitol's 30-day internal flag threshold. It falls within the statutory 45-day STOCK Act window, so no statutory breach applies here. Like the surrounding trades in this cluster, this purchase represents the minimum reportable trade size, coming in at roughly 7 percent of the median disclosed trade in the dataset. It is part of a dense sequence of seven near-daily buys between July 5 and July 17, all disclosed together on August 20. No other members of Congress reported similar positions in this stock during the same period. The consistent use of the minimum disclosure tier across all 102 trades suggests a portfolio strategy oriented around incremental position building rather than large directional bets. The batched single-filing approach for multiple trades is a recurring feature of this politician-ticker pairing.

This July 11, 2019 buy of $1,001 in Culp Inc carries a 40-day disclosure delay, exceeding Kapitol's 30-day internal flag threshold but falling within the STOCK Act's 45-day statutory window. It is the third in a sequence of seven near-daily minimum-threshold purchases in Culp during the first three weeks of July 2019, all batched into the August 20 filing. The trade amount of $1,001 is at the floor of required disclosure and represents a fraction of typical congressional trade sizes in this dataset. No peer-member clustering is observed in this window. The pattern here is consistent across the cluster: small, sequential purchases in a niche textile manufacturer, reported together after a delay that repeatedly triggers the internal flagging threshold. The cumulative effect of 102 such disclosures in a single ticker is the primary structural observation for this pairing.

This July 12, 2019 buy of $1,001 in Culp Inc was reported on August 20, 2019, producing a 39-day delay that crosses Kapitol's 30-day internal flag threshold while remaining within the STOCK Act's 45-day statutory limit. It is the fourth of seven near-consecutive minimum-threshold purchases in Culp recorded that month. The trade size, at the minimum disclosure threshold and 7 percent of the dataset median, indicates no outsized financial commitment. No co-filing or clustering by other members is observed in the surrounding window. The structural interest here lies not in any single trade but in the broader accumulation pattern: 102 total disclosures in this one small-cap textile stock, routinely filed in batches after delays that consistently exceed the 30-day internal flag mark. The July 2019 cluster, viewed in context, represents one episode within an extended and systematic engagement with this company's stock over multiple years.

This July 15, 2019 buy of $1,001 in Culp Inc was disclosed on August 20, 2019, reflecting a 36-day delay that exceeds Kapitol's 30-day flag threshold but remains within the STOCK Act's statutory 45-day limit. It is the fifth in the July 2019 cluster of seven near-daily purchases, all at the minimum reportable value. The trade itself is notable primarily as part of a larger pattern rather than on its own terms: a $1,001 position in a small-cap textile manufacturer carries no evident outsized financial significance. No other members of Congress appear to have disclosed similar positions in this stock during the same window. Across 102 total disclosures in Culp, McCaul's trading record in this ticker is unusually dense for a legislator's personal portfolio activity in a single niche industrial stock, and the recurring batched-filing approach compounds the disclosure timing flags at the aggregate level.

This July 16, 2019 buy of $1,001 in Culp Inc was filed on August 20, 2019, a 35-day delay that clears Kapitol's 30-day internal flag threshold while staying within the STOCK Act's 45-day window. The sixth consecutive near-daily minimum-threshold buy in this July 2019 cluster, it reinforces the pattern of incremental accumulation in Culp stock. No peer member activity in the same window is observed. At $1,001, the trade is financially minor, but its repetition as part of a high-volume, long-running trading pattern across 102 disclosed transactions in a single small-cap stock is the more substantive observation. The practice of batching multiple trades into a single late filing, repeated across the July cluster and again in subsequent periods, produces a consistent signal trigger for disclosure timing without any single trade individually constituting an extraordinary event. The accumulation-and-sell cycles visible in the broader record characterize the overall engagement with this issuer.

This July 17, 2019 buy of $1,001 in Culp Inc is the seventh and final purchase in the July 2019 cluster, filed on August 20, 2019 with a 34-day delay exceeding Kapitol's 30-day internal threshold but within the STOCK Act's 45-day statutory limit. Together, these seven near-daily trades represent a deliberate sequential accumulation strategy executed over two calendar weeks and reported in a single batch filing. Each trade individually registers at the minimum disclosure tier and produces no unusually large signal. The absence of any co-investor clustering among other members indicates this is not a widely shared position thesis at the time. The structural note for this trade, as the conclusion of the July cluster, is that it illustrates the batched-filing approach that appears throughout this politician's 102-trade history in Culp: trades are executed over days or weeks, then reported together in a single late-filed disclosure, consistently producing multiple flag triggers per filing event.

This December 12, 2019 sell of $1,001 in Culp Inc was not filed until January 29, 2020, a 48-day delay that exceeds the STOCK Act's 45-day statutory reporting deadline as well as Kapitol's 30-day internal flag threshold. This is the second instance in the sample of a trade breaching the statutory window, reinforcing the pattern of late reporting observed across this politician's Culp trading history. The sell at minimum threshold value suggests a partial or routine disposition rather than a significant position exit. No other members disclosed similar activity in the surrounding 14-day window. In the context of 102 total Culp disclosures, this December 2019 sell likely represents one step in an ongoing cycle of accumulation and disposition. The STOCK Act deadline breach here, while modest in duration at three days over the limit, is a distinct event from the earlier July 2019 trades that merely exceeded the internal flag threshold.

This February 25, 2020 buy of $1,001 in Culp Inc was not filed until May 6, 2020, a 71-day delay that materially exceeds the STOCK Act's 45-day statutory reporting deadline. It is the longest disclosure delay in this sample and notably coincides with the early weeks of the COVID-19 pandemic, a period of acute market volatility. The May 6 filing date also corresponds to the disclosure date for the subsequent March 30 sell, suggesting both trades were batched into a single late filing. A 71-day delay in a period of significant market and legislative activity is a notable transparency gap, even for a trade at the minimum disclosure threshold. No peer-member clustering is observed. Within the broader record of 102 Culp disclosures, this represents the most pronounced single instance of delayed reporting, and its timing in the early pandemic period adds contextual significance to the late-filing pattern observed throughout this politician-ticker pairing.

This March 30, 2020 sell of $1,001 in Culp Inc was filed on May 6, 2020, a 37-day delay exceeding Kapitol's 30-day internal flag threshold while falling within the STOCK Act's 45-day statutory limit. It was batched in the same May 6 filing as the February 25, 2020 buy, meaning two trades executed five weeks apart were reported simultaneously. The sell occurred during the acute phase of the COVID-19 market downturn, a period when Congress was actively debating and passing major relief legislation. At minimum threshold value, the dollar amount is not significant, and no other members disclosed similar Culp activity in this window. This trade, paired with the preceding 71-day-delayed February buy in the same filing, illustrates the batched-reporting approach that characterizes this politician's overall Culp trading record. Across 102 total disclosures in this single ticker, the recurring combination of small positions and consistently late batch filings is the defining pattern of this pairing.