Bassett Furniture (BSET) director receives 2,857-share restricted stock grant

Rhea-AI Filing Summary

Hamlet Virginia W. reported acquisition or exercise transactions in this Form 4 filing.

Bassett Furniture Industries director Virginia W. Hamlet received a grant of 2,857 shares of common stock as restricted stock compensation. The award was granted at a reference price of $14.00 per share and was issued under the company’s 2021 Stock Incentive Plan.

The restricted stock will vest in one year and is subject to a risk of forfeiture until vesting and to the company’s stock ownership guidelines. Following this grant, Hamlet directly holds a total of 20,480 shares of Bassett Furniture common stock, reflecting a routine, plan-based equity award rather than an open-market purchase.

Insights

Equity compensation analyst

Director received routine restricted stock grant as equity compensation.

Director Virginia W. Hamlet acquired 2,857 restricted shares of Bassett Furniture common stock at a reference price of $14.00 per share. The award comes from the 2021 Stock Incentive Plan, which is structured to align director incentives with shareholder interests over time.

The shares vest after one year and carry a risk of forfeiture until vesting, reinforcing retention and performance alignment rather than signaling a market-timing view. After this grant, Hamlet holds 20,480 shares directly, so the transaction appears as standard, compensation-related equity rather than an open-market buy or sell.

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^*

Hamlet Virginia W.

(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)	20,480	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/ Virginia Hamlet	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 did Bassett Furniture (BSET) director Virginia W. Hamlet report in this Form 4?

Virginia W. Hamlet reported receiving a grant of 2,857 shares of Bassett Furniture common stock. The shares are structured as restricted stock awarded under the company’s 2021 Stock Incentive Plan, reflecting equity-based compensation rather than an open-market stock purchase or sale.

Was the Bassett Furniture (BSET) Form 4 transaction a stock purchase or a grant?

The transaction was a grant of restricted stock, not an open-market purchase. Hamlet acquired 2,857 shares as a compensation award under the 2021 Stock Incentive Plan, classified as a grant, award, or other acquisition, with no indication of open-market trading activity.

What are the vesting terms of Virginia W. Hamlet’s restricted stock from Bassett Furniture (BSET)?

The restricted stock grant vests in one year from the grant date. Until vesting, the shares are subject to a risk of forfeiture and must comply with Bassett Furniture’s stock ownership guidelines, meaning Hamlet’s full rights to the shares depend on meeting those conditions over time.

What was the reference price for the restricted stock granted to the Bassett Furniture (BSET) director?

The restricted stock grant used a reference price of $14.00 per share. A footnote explains this price reflects Bassett Furniture’s stock price at the close of business on March 11, 2026, serving as the valuation benchmark for the compensation award.

How many Bassett Furniture (BSET) shares does Virginia W. Hamlet hold after this Form 4 transaction?

After the restricted stock grant, Virginia W. Hamlet directly holds 20,480 shares of Bassett Furniture common stock. This total includes the newly granted 2,857 restricted shares, which will only fully vest after one year, subject to forfeiture and ownership guideline conditions.

Is the Bassett Furniture (BSET) director’s Form 4 transaction likely a routine compensation event?

Yes. The Form 4 describes a restricted stock award under the 2021 Stock Incentive Plan, with one-year vesting and forfeiture risk. Such plan-based equity grants are typically routine compensation mechanisms, not discretionary open-market buying or selling decisions by the director.