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Bassett Furniture (BSET) director gets 2,857-share restricted stock award

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

WARDEN WILLIAM C JR reported acquisition or exercise transactions in this Form 4 filing.

Bassett Furniture Industries director William C. Warden Jr. received a grant of 2,857 shares of Common Stock as restricted stock on March 11, 2026 at $14.00 per share, equal to the closing stock price that day. The award was granted under the 2021 Stock Incentive Plan, which is a Rule 16b-3 plan, and vests in one year. Until vesting, the shares are subject to risk of forfeiture and stock ownership guidelines. Following the grant, Warden directly holds 63,499 shares of Common Stock. Separately, a trust established by his spouse holds 20,000 shares for the benefit of his children, and he disclaims beneficial ownership of those trust shares.

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Insider WARDEN WILLIAM C JR
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 2,857 $14.00 $40K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 63,499 shares (Direct); Common Stock — 20,000 shares (Indirect, Trust)
Footnotes (4)
  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.
  4. F4. These shares are held in a trust, established by the reporting person's spouse, of which the reporting person is trustee for the benefit of the reporting person's children. The reporting person disclaims beneficial ownership of these securities.

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FAQ

What stock grant did Bassett Furniture (BSET) director William C. Warden Jr. receive?
He received 2,857 shares of restricted Common Stock at $14.00 per share. The grant was made under Bassett’s 2021 Stock Incentive Plan as a compensation award and is reported as an acquisition transaction on the Form 4 filing.

What are the vesting terms of William C. Warden Jr.’s new Bassett Furniture shares?
The 2,857 restricted shares vest in one year from the grant date. Until they vest, the shares remain subject to a risk of forfeiture and must comply with Bassett Furniture’s stock ownership guidelines applicable to the director.

How many Bassett Furniture shares does William C. Warden Jr. hold after this Form 4 grant?
After the grant, he directly owns 63,499 shares of Bassett Furniture Common Stock. This total reflects his direct holdings only and excludes separate shares held in a family trust for which he disclaims beneficial ownership.

What is the significance of the $14.00 price on William C. Warden Jr.’s Bassett grant?
The $14.00 per share reflects Bassett Furniture’s closing stock price on March 11, 2026. It serves as the reference value for the 2,857-share restricted stock award reported in the Form 4 filing.

Under which plan was William C. Warden Jr.’s Bassett Furniture restricted stock granted?
The restricted stock was granted under Bassett Furniture’s 2021 Stock Incentive Plan. The plan is characterized as a Rule 16b-3 plan, which is commonly used for equity-based compensation to directors and officers in public companies.
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*
WARDEN WILLIAM C 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
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) 63,499 D
Common Stock 20,000(4) I Trust
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.
4. These shares are held in a trust, established by the reporting person's spouse, of which the reporting person is trustee for the benefit of the reporting person's children. The reporting person disclaims beneficial ownership of these securities.
/s/ William Warden, Jr. 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