Bassett (BSET) SVP files Form 4 for 280 shares as tax withholding

Rhea-AI Filing Summary

Bassett Furniture Industries executive John E. Bassett III, SVP and Chief Operations Officer, reported a small insider transaction in company common stock. A Form 4 filing shows a code "F" transaction for 280 shares of common stock at a price of $16.52 per share on 11/12/2026, reflecting shares withheld, typically in connection with equity compensation. Following this transaction, he directly beneficially owns 50,971.8531 shares of Bassett Furniture common stock. The total includes shares acquired under the company’s 2000 and 2017 Employee Stock Purchase Plans in transactions exempt under Rule 16-3(a).

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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)
01/11/2026

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	11/12/2026		F		280	D	$16.52(1)	50,971.8531(2)	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. Price of Bassett Furniture Industries Stock at the close of business 01/09/2026.

2. Includes shares acquired under the 2000 and/or 2017 Employee Stock Purchase Plans in transactions exempt under Rule 16-3(A).

	/s/ John E. Bassett III	01/12/2026
	** 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 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

What insider transaction did BSET report for John E. Bassett III?

The filing reports that John E. Bassett III, SVP and Chief Operations Officer of Bassett Furniture Industries, had a code "F" transaction involving 280 shares of common stock at $16.52 per share on 11/12/2026.

How many BSET shares does John E. Bassett III own after this Form 4 transaction?

After the reported transaction, John E. Bassett III beneficially owns 50,971.8531 shares of Bassett Furniture Industries common stock in direct ownership.

What does transaction code "F" mean in this BSET Form 4 filing?

In this context, code "F" indicates shares were withheld, typically to cover taxes or similar obligations associated with equity-based awards, rather than an open-market sale.

What price per share was used for the 280 withheld BSET shares?

The 280 shares were valued at $16.52 per share, which is noted as the price of Bassett Furniture Industries stock at the close of business on 01/09/2026.

Do John E. Bassett III’s reported holdings in BSET include employee stock purchase plan shares?

Yes. The filing notes that his total includes shares acquired under the 2000 and/or 2017 Employee Stock Purchase Plans in transactions exempt under Rule 16-3(a).

Is John E. Bassett III a director or large shareholder of Bassett Furniture Industries (BSET)?

He is reported as an officer of Bassett Furniture Industries with the title SVP, Chief Operations Officer, and is not listed as a director or 10% owner in this filing.