Bassett Furniture (BSET) director granted 2,857 restricted shares

Rhea-AI Filing Summary

CASHMAN KRISTINA K reported acquisition or exercise transactions in this Form 4 filing.

Bassett Furniture Industries director Kristina K. Cashman received a grant of 2,857 shares of restricted common stock at a reference price of $14.00 per share under the 2021 Stock Incentive Plan. The award vests in one year and is subject to forfeiture and stock ownership guidelines. Following this compensation grant, she directly holds 24,127 shares of Bassett 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^*

CASHMAN KRISTINA K

(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)	24,127	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/ Kristina Cashman	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 Bassett Furniture (BSET) disclose for Kristina K. Cashman?

Bassett Furniture reported that director Kristina K. Cashman received 2,857 shares of restricted common stock as a grant under the 2021 Stock Incentive Plan. This is a compensation award, not an open‑market purchase or sale of shares.

How many Bassett Furniture (BSET) shares did Kristina K. Cashman receive in this Form 4?

Kristina K. Cashman was granted 2,857 shares of Bassett Furniture common stock. These are restricted shares issued under the company’s 2021 Stock Incentive Plan as a stock award, rather than shares she bought directly in the open market.

At what price was the Bassett Furniture (BSET) restricted stock grant valued?

The restricted stock grant to Kristina K. Cashman was referenced at $14.00 per share, matching Bassett Furniture’s closing stock price on March 11, 2026. This value is for reporting purposes and does not reflect a cash purchase transaction by the director.

When do Kristina K. Cashman’s Bassett Furniture (BSET) restricted shares vest?

The 2,857 restricted Bassett Furniture shares granted to Kristina K. Cashman vest in one year. Until vesting, the shares are subject to a risk of forfeiture and must comply with the company’s stock ownership guidelines for directors.

How many Bassett Furniture (BSET) shares does Kristina K. Cashman hold after this grant?

After receiving the restricted stock award, Kristina K. Cashman directly holds 24,127 shares of Bassett Furniture common stock. This total includes the newly granted 2,857 restricted shares, which are subject to vesting and forfeiture conditions for one year.

Is the Bassett Furniture (BSET) Form 4 transaction an open‑market buy or a stock award?

The Form 4 reports a stock award, not an open‑market buy. Kristina K. Cashman acquired 2,857 restricted shares as a grant under the 2021 Stock Incentive Plan, with vesting in one year and potential forfeiture before vesting.