Bassett Furniture (BSET) CEO has 261,950 direct shares after tax

Rhea-AI Filing Summary

Bassett Furniture Industries Chairman & CEO Robert H. Spilman Jr. reported a Form 4 transaction in the company’s common stock. On 01/11/2026, a transaction coded “F” involved 350 shares at a price of $16.52 per share, which reflects the closing stock price on 01/09/2026. After this transaction, he directly beneficially owned 261,950 shares of common stock. In addition, the filing shows 13,947 shares held indirectly through the Lucy Bassett Trust and 16,139 shares held indirectly through his spouse, both reported as indirect beneficial ownership.

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).

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^*

SPILMAN ROBERT H JR

(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
X	Officer (give title below)		Other (specify below)
	Chairman & CEO

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	01/11/2026		F		350	D	$16.52(1)	261,950(2)	D
Common Stock								13,947	I	Lucy Bassett Trust
Common Stock								16,139	I	Spouse

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/ Robert H. Spilman, Jr.	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 Bassett Furniture (BSET) report on this Form 4?

The Form 4 reports a transaction in 350 shares of Bassett Furniture Industries common stock on 01/11/2026, coded as transaction type “F”, at a price of $16.52 per share.

Who is the reporting person in this Bassett Furniture (BSET) Form 4?

The reporting person is Robert H. Spilman Jr., who serves as a Director and as Chairman & CEO of Bassett Furniture Industries.

How many Bassett Furniture shares does Robert H. Spilman Jr. own directly after the reported transaction?

After the reported transaction, Robert H. Spilman Jr. beneficially owned 261,950 shares of Bassett Furniture Industries common stock in direct ownership.

What indirect Bassett Furniture share holdings are disclosed for Robert H. Spilman Jr.?

The filing shows 13,947 shares held indirectly through the Lucy Bassett Trust and 16,139 shares held indirectly through his spouse, both reported as indirect beneficial ownership.

What does the $16.52 price in the Form 4 for Bassett Furniture represent?

The Form 4 explains that $16.52 is the price of Bassett Furniture Industries stock at the close of business on 01/09/2026, which is used for the reported 350-share transaction.

Does the Bassett Furniture Form 4 mention shares from employee stock purchase plans?

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