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Bassett Furniture (BSET) director granted 2,857 restricted shares at $14

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

MCDOWELL JOHN WALTER reported acquisition or exercise transactions in this Form 4 filing.

Bassett Furniture Industries director John Walter McDowell received a grant of 2,857 shares of common stock at $14.00 per share as restricted stock under the 2021 Stock Incentive Plan. The award vests in one year and is subject to forfeiture and stock ownership guidelines. Following this grant, he directly holds 23,823 common shares.

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Insights

Routine restricted stock grant increases director’s equity stake.

Director John Walter McDowell acquired 2,857 restricted shares of Bassett Furniture Industries common stock at $14.00 per share as a compensation-related award. The grant comes from the 2021 Stock Incentive Plan, which is described as a Rule 16b-3 plan.

The shares vest in one year and carry a risk of forfeiture until vesting, as well as stock ownership guideline requirements. After the grant, McDowell directly owns 23,823 shares. This is a routine equity incentive transaction, not an open-market purchase or sale, and does not on its own signal a change in company outlook.

Insider MCDOWELL JOHN WALTER
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 2,857 $14.00 $40K
Holdings After Transaction: Common Stock — 23,823 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 →

FAQ

What did Bassett Furniture (BSET) director John Walter McDowell acquire in this Form 4?
He received 2,857 shares of Bassett Furniture common stock as a restricted stock grant at $14.00 per share. The award is compensation-related under the 2021 Stock Incentive Plan, not an open-market stock purchase or sale transaction.

Is John Walter McDowell’s Bassett Furniture Form 4 transaction a stock purchase or a grant?
The Form 4 shows a grant of restricted stock, not an open-market purchase. Code “A” indicates a grant or award acquisition under a compensation plan, with vesting conditions and forfeiture risk, rather than a discretionary buy in the market.

How many Bassett Furniture (BSET) shares does John Walter McDowell hold after this Form 4?
After the restricted stock grant, McDowell directly holds 23,823 shares of Bassett Furniture common stock. This total includes the newly granted 2,857 restricted shares, which are still subject to vesting and potential forfeiture under the plan’s terms.

What are the vesting terms of the restricted stock granted to the Bassett Furniture director?
The restricted stock vests in one year and carries a risk of forfeiture until it vests. The award is also subject to Bassett Furniture’s stock ownership guidelines, tying the director’s compensation more closely to long-term shareholder interests and ongoing service.

At what price was the restricted stock for Bassett Furniture (BSET) valued in this Form 4?
The restricted stock was valued at $14.00 per share, matching Bassett Furniture’s closing stock price on March 11, 2026. That price is used to report the grant’s value for disclosure purposes, not as an executed trade price in the open market.

Does this Bassett Furniture Form 4 indicate any derivative or option exercises?
No, the filing only reports a non-derivative transaction in common stock. There are no derivative securities listed and the derivative summary is empty, indicating no option or warrant exercises or other derivative activity in this particular Form 4.
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*
MCDOWELL JOHN WALTER
(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) 23,823 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/ Walter McDowell 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.

Source: View Original Filing on SEC EDGAR