STOCK TITAN

[Form 4] Bassett Furniture Industries I Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Form 4 overview (BSET – Bassett Furniture Industries): SVP & Chief Operations Officer John E. Bassett III reported two transactions dated 07/23/2025.

  • Bona-fide gift (Code G): 690 common shares were transferred as a gift. No monetary consideration is reflected; the closing price reference was $18.56.
  • Open-market sale (Code S): 2,000 common shares were sold at $18.56 per share.

After these actions, Bassett’s direct ownership stands at 50,761.0631 shares, down from 52,761.0631. The filing notes that the total includes shares accumulated through the company’s 2000 and/or 2017 Employee Stock Purchase Plans, exempt under Rule 16-3(a).

The disclosed sale represents a modest reduction of holdings and does not, by itself, indicate a change in company fundamentals. Nevertheless, insider sales can be viewed by some investors as a potential negative sentiment signal, while the gift suggests estate or charitable planning rather than liquidity needs.

Panoramica del Modulo 4 (BSET – Bassett Furniture Industries): John E. Bassett III, SVP e Chief Operations Officer, ha riportato due transazioni datate 23/07/2025.

  • Donazione autentica (Codice G): 690 azioni ordinarie sono state trasferite come regalo. Non è stata effettuata alcuna transazione monetaria; il prezzo di riferimento di chiusura era di 18,56$.
  • Vendita sul mercato aperto (Codice S): 2.000 azioni ordinarie sono state vendute a 18,56$ per azione.

Dopo queste operazioni, la proprietà diretta di Bassett è di 50.761,0631 azioni, in calo rispetto a 52.761,0631. La dichiarazione specifica che il totale include azioni accumulate tramite i Piani di Acquisto Azionario per Dipendenti del 2000 e/o 2017, esenti ai sensi della Regola 16-3(a).

La vendita dichiarata rappresenta una riduzione modesta delle partecipazioni e, da sola, non indica un cambiamento nei fondamentali aziendali. Tuttavia, alcune persone potrebbero interpretare le vendite interne come un segnale di sentiment negativo, mentre la donazione suggerisce una pianificazione patrimoniale o benefica piuttosto che esigenze di liquidità.

Resumen del Formulario 4 (BSET – Bassett Furniture Industries): John E. Bassett III, SVP y Director de Operaciones, reportó dos transacciones fechadas el 23/07/2025.

  • Donación genuina (Código G): 690 acciones comunes fueron transferidas como regalo. No se refleja consideración monetaria; el precio de cierre de referencia fue de 18,56$.
  • Venta en mercado abierto (Código S): 2.000 acciones comunes fueron vendidas a 18,56$ por acción.

Después de estas acciones, la propiedad directa de Bassett se sitúa en 50.761,0631 acciones, descendiendo desde 52.761,0631. El informe indica que el total incluye acciones acumuladas a través de los Planes de Compra de Acciones para Empleados de 2000 y/o 2017, exentas bajo la Regla 16-3(a).

La venta declarada representa una reducción modesta de participaciones y no indica por sí sola un cambio en los fundamentos de la empresa. Sin embargo, algunos inversores pueden interpretar las ventas internas como una posible señal negativa, mientras que la donación sugiere planificación patrimonial o benéfica más que necesidades de liquidez.

Form 4 개요 (BSET – Bassett Furniture Industries): SVP 겸 최고운영책임자인 John E. Bassett III가 2025년 7월 23일자 두 건의 거래를 보고했습니다.

  • 진정한 증여 (코드 G): 690주 보통주가 증여로 이전되었습니다. 금전적 대가는 없으며, 종가 기준가는 18.56달러였습니다.
  • 공개시장 매도 (코드 S): 2,000주 보통주가 주당 18.56달러에 매도되었습니다.

이 거래 이후 Bassett의 직접 소유 주식은 50,761.0631주로, 이전 52,761.0631주에서 감소했습니다. 제출서류에는 총 주식 수에 회사의 2000년 및/또는 2017년 직원 주식 구매 계획을 통해 누적된 주식이 포함되어 있으며, 이는 규칙 16-3(a) 하에서 면제됨을 명시하고 있습니다.

공개된 매도는 보유 지분의 소폭 감소를 나타내며, 단독으로 회사의 기본적인 상황 변화를 의미하지는 않습니다. 그럼에도 내부자 매도는 일부 투자자에게 부정적인 신호로 해석될 수 있으며, 증여는 유동성 필요보다는 상속 혹은 자선 계획을 시사합니다.

Vue d'ensemble du formulaire 4 (BSET – Bassett Furniture Industries) : John E. Bassett III, SVP et Directeur des opérations, a déclaré deux transactions datées du 23/07/2025.

  • Don véritable (Code G) : 690 actions ordinaires ont été transférées en tant que don. Aucune contrepartie financière n’est mentionnée ; le cours de clôture de référence était de 18,56 $.
  • Vente sur le marché ouvert (Code S) : 2 000 actions ordinaires ont été vendues à 18,56 $ par action.

Après ces opérations, la propriété directe de Bassett s’élève à 50 761,0631 actions, en baisse par rapport à 52 761,0631. Le dépôt indique que ce total comprend des actions accumulées via les Plans d’Achat d’Actions Employés de 2000 et/ou 2017, exemptées selon la règle 16-3(a).

La vente divulguée représente une réduction modérée des participations et n’indique pas, à elle seule, un changement dans les fondamentaux de l’entreprise. Néanmoins, les ventes d’initiés peuvent être perçues par certains investisseurs comme un signal négatif potentiel, tandis que le don suggère une planification successorale ou caritative plutôt que des besoins de liquidité.

Übersicht Formular 4 (BSET – Bassett Furniture Industries): SVP und Chief Operations Officer John E. Bassett III meldete zwei Transaktionen vom 23.07.2025.

  • Echte Schenkung (Code G): 690 Stammaktien wurden als Geschenk übertragen. Es erfolgte keine finanzielle Gegenleistung; der Schlusskurs lag bei 18,56 $.
  • Verkauf am offenen Markt (Code S): 2.000 Stammaktien wurden zu je 18,56 $ verkauft.

Nach diesen Vorgängen hält Bassett direkt 50.761,0631 Aktien, was einem Rückgang von 52.761,0631 entspricht. Die Meldung weist darauf hin, dass die Gesamtzahl Aktien umfasst, die durch die Mitarbeiteraktienkaufpläne von 2000 und/oder 2017 angesammelt wurden, welche gemäß Regel 16-3(a) ausgenommen sind.

Der gemeldete Verkauf stellt eine moderate Reduzierung der Beteiligungen dar und signalisiert für sich genommen keine Veränderung der Unternehmensgrundlagen. Dennoch können Insider-Verkäufe von einigen Investoren als potenzielles negatives Signal interpretiert werden, während die Schenkung eher auf Nachlass- oder Wohltätigkeitsplanung als auf Liquiditätsbedarf hindeutet.

Positive
  • Executive retains 50,761 shares, indicating continued equity alignment with shareholders
  • Filing made within required two-day window, reflecting good compliance practices
  • Gift transaction suggests non-cash, non-liquidity motivation such as estate or charitable planning
Negative
  • 2,000-share insider sale can be interpreted as a mildly negative sentiment signal
  • Total direct ownership decreased by ~3.8%, a modest reduction in insider exposure

Insights

TL;DR: Small insider sale; immaterial to float but may hint at cautious insider sentiment.

The COO sold 2,000 shares (~3.8% of his reported stake) at $18.56, generating about $37k gross proceeds. Given the remaining 50.8k shares, his economic exposure remains high, implying continued alignment with shareholders. The gift of 690 shares is non-cash and often estate-planning driven, thus neutral. Overall share change is de-minimis versus BSET’s 10.1 m share float, so liquidity or earnings outlook should not be inferred. Impact on valuation is negligible, but traders monitoring insider activity may register a mildly negative signal.

TL;DR: Routine Form 4; no red flags in governance or compliance.

The filing is timely (within two business days) and fully compliant with Section 16(a) requirements. Transaction codes G and S are properly used, signatures are dated 07/25/2025, and explanatory footnotes clarify ESPP-related share counts. No derivative transactions were reported, reducing complexity and potential hedging concerns. Because the executive still holds a sizeable position, alignment incentives remain intact. I classify the governance impact as neutral.

Panoramica del Modulo 4 (BSET – Bassett Furniture Industries): John E. Bassett III, SVP e Chief Operations Officer, ha riportato due transazioni datate 23/07/2025.

  • Donazione autentica (Codice G): 690 azioni ordinarie sono state trasferite come regalo. Non è stata effettuata alcuna transazione monetaria; il prezzo di riferimento di chiusura era di 18,56$.
  • Vendita sul mercato aperto (Codice S): 2.000 azioni ordinarie sono state vendute a 18,56$ per azione.

Dopo queste operazioni, la proprietà diretta di Bassett è di 50.761,0631 azioni, in calo rispetto a 52.761,0631. La dichiarazione specifica che il totale include azioni accumulate tramite i Piani di Acquisto Azionario per Dipendenti del 2000 e/o 2017, esenti ai sensi della Regola 16-3(a).

La vendita dichiarata rappresenta una riduzione modesta delle partecipazioni e, da sola, non indica un cambiamento nei fondamentali aziendali. Tuttavia, alcune persone potrebbero interpretare le vendite interne come un segnale di sentiment negativo, mentre la donazione suggerisce una pianificazione patrimoniale o benefica piuttosto che esigenze di liquidità.

Resumen del Formulario 4 (BSET – Bassett Furniture Industries): John E. Bassett III, SVP y Director de Operaciones, reportó dos transacciones fechadas el 23/07/2025.

  • Donación genuina (Código G): 690 acciones comunes fueron transferidas como regalo. No se refleja consideración monetaria; el precio de cierre de referencia fue de 18,56$.
  • Venta en mercado abierto (Código S): 2.000 acciones comunes fueron vendidas a 18,56$ por acción.

Después de estas acciones, la propiedad directa de Bassett se sitúa en 50.761,0631 acciones, descendiendo desde 52.761,0631. El informe indica que el total incluye acciones acumuladas a través de los Planes de Compra de Acciones para Empleados de 2000 y/o 2017, exentas bajo la Regla 16-3(a).

La venta declarada representa una reducción modesta de participaciones y no indica por sí sola un cambio en los fundamentos de la empresa. Sin embargo, algunos inversores pueden interpretar las ventas internas como una posible señal negativa, mientras que la donación sugiere planificación patrimonial o benéfica más que necesidades de liquidez.

Form 4 개요 (BSET – Bassett Furniture Industries): SVP 겸 최고운영책임자인 John E. Bassett III가 2025년 7월 23일자 두 건의 거래를 보고했습니다.

  • 진정한 증여 (코드 G): 690주 보통주가 증여로 이전되었습니다. 금전적 대가는 없으며, 종가 기준가는 18.56달러였습니다.
  • 공개시장 매도 (코드 S): 2,000주 보통주가 주당 18.56달러에 매도되었습니다.

이 거래 이후 Bassett의 직접 소유 주식은 50,761.0631주로, 이전 52,761.0631주에서 감소했습니다. 제출서류에는 총 주식 수에 회사의 2000년 및/또는 2017년 직원 주식 구매 계획을 통해 누적된 주식이 포함되어 있으며, 이는 규칙 16-3(a) 하에서 면제됨을 명시하고 있습니다.

공개된 매도는 보유 지분의 소폭 감소를 나타내며, 단독으로 회사의 기본적인 상황 변화를 의미하지는 않습니다. 그럼에도 내부자 매도는 일부 투자자에게 부정적인 신호로 해석될 수 있으며, 증여는 유동성 필요보다는 상속 혹은 자선 계획을 시사합니다.

Vue d'ensemble du formulaire 4 (BSET – Bassett Furniture Industries) : John E. Bassett III, SVP et Directeur des opérations, a déclaré deux transactions datées du 23/07/2025.

  • Don véritable (Code G) : 690 actions ordinaires ont été transférées en tant que don. Aucune contrepartie financière n’est mentionnée ; le cours de clôture de référence était de 18,56 $.
  • Vente sur le marché ouvert (Code S) : 2 000 actions ordinaires ont été vendues à 18,56 $ par action.

Après ces opérations, la propriété directe de Bassett s’élève à 50 761,0631 actions, en baisse par rapport à 52 761,0631. Le dépôt indique que ce total comprend des actions accumulées via les Plans d’Achat d’Actions Employés de 2000 et/ou 2017, exemptées selon la règle 16-3(a).

La vente divulguée représente une réduction modérée des participations et n’indique pas, à elle seule, un changement dans les fondamentaux de l’entreprise. Néanmoins, les ventes d’initiés peuvent être perçues par certains investisseurs comme un signal négatif potentiel, tandis que le don suggère une planification successorale ou caritative plutôt que des besoins de liquidité.

Übersicht Formular 4 (BSET – Bassett Furniture Industries): SVP und Chief Operations Officer John E. Bassett III meldete zwei Transaktionen vom 23.07.2025.

  • Echte Schenkung (Code G): 690 Stammaktien wurden als Geschenk übertragen. Es erfolgte keine finanzielle Gegenleistung; der Schlusskurs lag bei 18,56 $.
  • Verkauf am offenen Markt (Code S): 2.000 Stammaktien wurden zu je 18,56 $ verkauft.

Nach diesen Vorgängen hält Bassett direkt 50.761,0631 Aktien, was einem Rückgang von 52.761,0631 entspricht. Die Meldung weist darauf hin, dass die Gesamtzahl Aktien umfasst, die durch die Mitarbeiteraktienkaufpläne von 2000 und/oder 2017 angesammelt wurden, welche gemäß Regel 16-3(a) ausgenommen sind.

Der gemeldete Verkauf stellt eine moderate Reduzierung der Beteiligungen dar und signalisiert für sich genommen keine Veränderung der Unternehmensgrundlagen. Dennoch können Insider-Verkäufe von einigen Investoren als potenzielles negatives Signal interpretiert werden, während die Schenkung eher auf Nachlass- oder Wohltätigkeitsplanung als auf Liquiditätsbedarf hindeutet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BASSETT JOHN E III

(Last) (First) (Middle)
3525 FAIRYSTONE PARK HWY
P O BOX 626

(Street)
BASSETT VA 24055

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BASSETT FURNITURE INDUSTRIES INC [ BSET ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, Chief Operations Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/23/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/23/2025 G 690(1) D $18.56(2) 52,761.0631(3) D
Common Stock 07/23/2025 S 2,000 D $18.56(2) 50,761.0631(3) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Bona fide gift.
2. Price of Bassett Furniture Industries Stock at the close of business 07/23/25.
3. Includes shares acquired under the 2000 and/or 2017 Employee Stock Purchase Plans in transactions exempt under Rule 16-3(A).
/s/ John Edwin Bassett III 07/25/2025
** 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 4 (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.

FAQ

How many BSET shares did the COO sell on 07/23/2025?

He sold 2,000 common shares at $18.56 each.

What is John E. Bassett III's remaining BSET shareholding after the transactions?

He directly owns 50,761.0631 shares following the reported gift and sale.

What was the nature of the 690-share transaction reported?

It was a bona-fide gift (Transaction Code G), not a sale or purchase.

Does the Form 4 report any derivative security trades?

No. Table II shows no derivative transactions were executed.

Why is the $18.56 price noted in the filing?

It is the closing price of BSET stock on 07/23/2025, used as reference for both the gift and sale.

Is this insider activity considered material to Bassett Furniture investors?

Given the small size relative to total float, the impact is generally viewed as immaterial.
Bassett Furniture Inds Inc

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Furnishings, Fixtures & Appliances
Wood Household Furniture, (no Upholstered)
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United States
BASSETT