Bassett Furniture (NASDAQ: BSET) director awarded 2,857 restricted shares

Rhea-AI Filing Summary

Goergen James Edward reported acquisition or exercise transactions in this Form 4 filing.

Bassett Furniture Industries director James Edward Goergen received a grant of 2,857 shares of common stock as restricted stock. The award was granted under the 2021 Stock Incentive Plan, which is a Rule 16b-3 plan, at a reference price of $14.00 per share based on the stock’s closing price on March 11, 2026.

The restricted stock vests in one year and is subject to a risk of forfeiture until vesting, as well as to the company’s stock ownership guidelines. Following this grant, Goergen directly holds 2,857 shares of Bassett Furniture Industries common stock.

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

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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^*

Goergen James Edward

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

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	03/11/2026		A		2,857(1)(2)	A	$14(3)	2,857	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. Restricted stock granted under the 2021 Stock Incentive Plan which is a Rule 16b-3 plan; vests in one year.

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

3. Price of Bassett Furniture Industries Stock at the close of business 03/11/2026.

	/s/ James Edward Goergan	03/13/2026
	** 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 director James Edward Goergen report?

James Edward Goergen reported receiving a grant of 2,857 shares of Bassett Furniture common stock. The award is structured as restricted stock under the company’s 2021 Stock Incentive Plan and represents a compensation-related acquisition rather than an open-market purchase or sale.

At what price was the restricted stock grant for BSET valued on the grant date?

The restricted stock grant was referenced at $14.00 per share, which was the closing price of Bassett Furniture Industries stock on March 11, 2026. This price is used as the grant’s value reference, not as an open-market transaction price paid by the director.

When do James Edward Goergen’s newly granted BSET restricted shares vest?

The 2,857 restricted shares granted to James Edward Goergen vest in one year from the grant date. Until vesting, the shares are subject to a risk of forfeiture and must comply with the company’s stock ownership guidelines set for directors and officers.

How many BSET shares does James Edward Goergen own after this Form 4 transaction?

After this grant, James Edward Goergen directly holds 2,857 shares of Bassett Furniture Industries common stock. These shares are in the form of restricted stock that will vest after one year, subject to forfeiture conditions and the company’s stock ownership guidelines.

Is the BSET Form 4 transaction a market purchase or a compensation grant?

The transaction is a compensation-related restricted stock grant under Bassett Furniture’s 2021 Stock Incentive Plan, not a market purchase. It is coded as a grant or award acquisition and falls under Rule 16b-3, which generally governs equity compensation to insiders.