Director John Belk awarded 2,857 Bassett (BSET) restricted shares

Rhea-AI Filing Summary

BELK JOHN R reported acquisition or exercise transactions in this Form 4 filing.

Bassett Furniture Industries director John R. Belk reported receiving a grant of 2,857 shares of common stock as a restricted stock award under the 2021 Stock Incentive Plan. The shares were valued at $14.00 per share, based on the closing price on March 11, 2026.

The restricted stock vests in one year and is subject to risk of forfeiture until vesting and to stock ownership guidelines. After this grant, Belk directly holds a total of 46,407 Bassett common shares.

Insider Trade Summary

Net Buyer: 2,857 shares

Net Buy 1 txn

Insider BELK JOHN R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,857	$14.00	$40K

Holdings After Transaction: Common Stock — 46,407 shares (Direct)

Footnotes (3)

1. F1. Restricted stock granted under the 2021 Stock Incentive Plan which is a Rule 16b-3 plan; vests in one year.
2. F2. Risk of forfeiture until vesting and subject to stock ownership guidelines.
3. F3. Price of Bassett Furniture Industries Stock at the close of business 03/11/2026.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/13/2026 - 01:41 PM Learn about SEC filing dates

FAQ

What insider transaction did John R. Belk report for BASSETT FURNITURE (BSET)?

John R. Belk reported receiving a grant of 2,857 shares of Bassett common stock. The award is a restricted stock grant under the 2021 Stock Incentive Plan and represents compensation rather than an open-market share purchase or sale.

At what price were John R. Belk’s restricted Bassett (BSET) shares valued?

The 2,857 restricted shares were valued at $14.00 per share. This price reflects the closing price of Bassett Furniture Industries stock on March 11, 2026, and is used to determine the grant’s reported value for this award.

When do John R. Belk’s newly granted Bassett (BSET) restricted shares vest?

The restricted stock granted to John R. Belk vests in one year. Until vesting, the award is subject to a risk of forfeiture and must comply with the company’s stock ownership guidelines applicable to the recipient.

How many Bassett (BSET) shares does John R. Belk hold after this Form 4 transaction?

Following the restricted stock award, John R. Belk directly holds 46,407 shares of Bassett common stock. This total includes the newly granted 2,857 restricted shares reported in the current Form 4 filing.

What plan governs John R. Belk’s restricted stock grant at Bassett (BSET)?

The restricted stock grant was issued under Bassett’s 2021 Stock Incentive Plan, which is a Rule 16b-3 plan. Such plans typically govern equity-based compensation for directors, officers, and eligible employees of the company.

Is John R. Belk’s Bassett (BSET) restricted stock grant subject to forfeiture?

Yes. The filing states the restricted stock is subject to a risk of forfeiture until it vests in one year. The grant is also subject to the company’s stock ownership guidelines, adding additional conditions to the award.

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^*

BELK JOHN R

(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)	46,407	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/ John R Belk	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.
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