Bassett EVP reports 30,000-share stake

Bassett Furniture Industries executive Anthony Lee Chivari, EVP of Sales & Marketing, filed an initial ownership report showing direct holdings of 30,000 shares of common stock.

Rhea-AI Filing Summary

Bassett Furniture Industries executive Anthony Lee Chivari, EVP of Sales & Marketing, filed an initial ownership report showing direct holdings of 30,000 shares of common stock. The filing also notes restricted stock granted under the 2021 Stock Incentive Plan, with cliff vesting three years from 10/29/2024 and a risk of forfeiture until vesting, subject to stock ownership guidelines. Footnotes state that no derivative securities are owned.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Chivari Anthony Lee

Role EVP, Sales & Marketing

Type	Security	Shares	Price	Value
holding	Derivative Securities	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Derivative Securities — 0 contracts (Direct); Common Stock — 30,000 shares (Direct)

Footnotes (3)

1. F1. Restricted stock granted under the 2021 Stock Incentive Plan which is a Rule 16b-3 plan; cliff vesting in 3 years from 10/29/2024.
2. F2. Risk of forfeiture until vesting and subject to stock ownership guidelines.
3. F3. No Derivatives Owned.

Key Figures

Common stock holdings: 30,000 shares Derivative securities owned: 0 Cliff vesting period: 3 years +1 more

4 metrics

Common stock holdings 30,000 shares Directly owned following Form 3 report

Derivative securities owned 0 Footnote states no derivatives owned

Cliff vesting period 3 years Restricted stock vests three years from 10/29/2024

Vesting reference date 10/29/2024 Start date for three-year cliff vesting

Key Terms

Restricted stock, cliff vesting, Rule 16b-3 plan, risk of forfeiture

4 terms

Restricted stock financial

"Restricted stock granted under the 2021 Stock Incentive Plan"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

cliff vesting financial

"cliff vesting in 3 years from 10/29/2024"

Rule 16b-3 plan financial

"which is a Rule 16b-3 plan; cliff vesting"

risk of forfeiture financial

"Risk of forfeiture until vesting and subject to stock ownership guidelines"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 3 filing by BSET executive Anthony Lee Chivari show?

The Form 3 shows Anthony Lee Chivari directly holds 30,000 shares of Bassett Furniture common stock. It is an initial ownership report, establishing his equity position as EVP of Sales & Marketing, rather than recording a new purchase or sale.

How many Bassett Furniture (BSET) shares does Anthony Lee Chivari own?

Anthony Lee Chivari reports direct ownership of 30,000 shares of Bassett Furniture common stock. This figure reflects his total direct holdings following the reporting date in the Form 3 and serves as the baseline for any future insider trading disclosures.

Does Anthony Lee Chivari hold any derivative securities in BSET?

The filing indicates no derivatives owned for Anthony Lee Chivari. Both the derivative holdings table and a specific footnote confirm there are no derivative securities, such as options or similar instruments, outstanding for him at the time of this report.

What are the terms of Anthony Lee Chivari’s restricted stock in Bassett Furniture (BSET)?

Footnotes describe restricted stock granted under the 2021 Stock Incentive Plan with cliff vesting in three years from 10/29/2024. The award is subject to risk of forfeiture until vesting and must comply with the company’s stock ownership guidelines.

Is the Form 3 for BSET an indication of insider buying or selling?

This Form 3 does not record insider buying or selling. It is an initial statement of beneficial ownership, listing existing positions like the 30,000 common shares and indicating no derivative securities, rather than documenting new market transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/29/2026 - 04:03 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Chivari Anthony Lee

(Last) (First) (Middle)

3525 FAIRYSTONE PARK HWY

P O BOX 626

(Street)

BASSETT VIRGINIA 24055

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/21/2026

3. Issuer Name and Ticker or Trading Symbol
BASSETT FURNITURE INDUSTRIES INC [ BSET ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Sales & Marketing

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	30,000(1)(2)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Derivative Securities	(3)	(3)	NA	0	(3)	D

Explanation of Responses:

1. Restricted stock granted under the 2021 Stock Incentive Plan which is a Rule 16b-3 plan; cliff vesting in 3 years from 10/29/2024.

2. Risk of forfeiture until vesting and subject to stock ownership guidelines.

3. No Derivatives Owned.

	/s/ Anthony Lee Chivari	04/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.
* Form 3: SEC 1473 (03-26)