STOCK TITAN

Basswood entities trim Dime Commercial (DCOM) stake with 32,751-share sale

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Basswood-affiliated reporting persons for Dime Commercial Bancshares, Inc. disclosed net open-market sales of Common Stock. Entities associated with these filers sold a total of 32,751 shares of DCOM Common Stock in open-market transactions at a price of $39.02 per share on June 18, 2026.

All reported sales were made through indirect ownership accounts identified with "See footnote," while several direct and additional indirect holdings remain. One indirectly held account shows 994,858 shares following a 663-share sale, and other accounts report post-transaction balances such as 458,433 and 144,817 shares.

Positive

  • None.

Negative

  • None.

Insights

Basswood-related entities reported modest net open-market sales while retaining sizable positions.

The filing shows Basswood-affiliated reporting persons for Dime Commercial Bancshares, Inc. executing open-market sales totaling 32,751 Common Stock shares at $39.02 per share on June 18, 2026. These transactions are coded as open-market sales (code S), the strongest signal type in insider reporting.

However, the same filing indicates substantial remaining indirect holdings, including post-transaction balances of 994,858, 458,433, and 144,817 shares in separate accounts, alongside additional direct and indirect positions. Without information on the company’s total shares outstanding or prior holdings, the economic impact appears routine relative to the visible remaining stakes.

The notes referenced in Exhibit 99.1 are not included here, so details on which specific funds, partnerships, or managed accounts executed each trade are not visible in this excerpt. Subsequent company filings and exhibits would clarify the precise ownership structure and any related governance considerations.

Insider BASSWOOD CAPITAL MANAGEMENT, L.L.C., LINDENBAUM BENNETT D, LINDENBAUM MATTHEW A, BASSWOOD FINANCIAL FUND, L.P., BASSWOOD OPPORTUNITY PARTNERS, L.P., Basswood Financial Fund, Ltd.
Role Director | Director | Director | Director | Director | Director
Sold 32,751 shs ($1.28M)
Type Security Shares Price Value
Sale Common Stock, par value $0.01 per share ("Common Stock") 663 $39.02 $26K
Sale Common Stock 12,003 $39.02 $468K
Sale Common Stock 6,030 $39.02 $235K
Sale Common Stock 13,800 $39.02 $538K
Sale Common Stock 255 $39.02 $10K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock, par value $0.01 per share ("Common Stock") — 994,858 shares (Indirect, See footnote); Common Stock — 982,855 shares (Indirect, See footnote); Common Stock — 179,380 shares (Direct)
Footnotes (1)
  1. Notes are included on Exhibit 99.1 hereto. Notes are included on Exhibit 99.1 hereto. Notes are included on Exhibit 99.1 hereto. Notes are included on Exhibit 99.1 hereto. Notes are included on Exhibit 99.1 hereto. Notes are included on Exhibit 99.1 hereto. Notes are included on Exhibit 99.1 hereto. Notes are included on Exhibit 99.1 hereto. Notes are included on Exhibit 99.1 hereto.
Shares sold 32,751 shares Total open-market Common Stock sales on June 18, 2026
Sale price $39.02 per share Reported transaction price for all S-code sales
Indirect holding A 994,858 shares Indirect Common Stock balance after 663-share sale
Indirect holding B 458,433 shares Indirect Common Stock balance after 13,800-share sale
Indirect holding C 144,817 shares Indirect Common Stock balance after 6,030-share sale
Direct holding A 138,282 shares Direct Common Stock holding reported as of June 18, 2026
Direct holding B 179,380 shares Second direct Common Stock holding as of June 18, 2026
open-market sale financial
"transactions are coded as open-market sales with transaction code S"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"All reported open-market sales came from indirect holdings marked with "See footnote""
Director-by-Deputization financial
"several are listed as "Director-by-Deputization," reflecting board representation"
Common Stock financial
"sold a total of 32,751 shares of DCOM Common Stock in open-market transactions"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"The filing’s derivative summary is empty, and transaction codes reflect only non-derivative Common Stock sales"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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FAQ

How many Dime Commercial Bancshares (DCOM) shares were sold and at what price?

Reported entities sold a total of 32,751 Dime Commercial Bancshares Common Stock shares. Each open-market sale occurred at a reported transaction price of $39.02 per share, according to the Form 4 transaction data for June 18, 2026.

Were the Dime Commercial Bancshares (DCOM) insider sales direct or indirect holdings?

All reported open-market sales came from indirect holdings marked with "See footnote" for ownership details. Direct holdings are also disclosed in the filing, but the 32,751 shares sold relate specifically to these indirect accounts rather than directly held positions.

What Dime Commercial Bancshares (DCOM) holdings remain after the reported insider sales?

Post-transaction balances show substantial remaining indirect holdings. One account holds 994,858 shares after a 663-share sale, while other indirect accounts report 458,433 and 144,817 shares. Additional direct positions, including 138,282 and 179,380 shares, also remain after these transactions.

Which entities are associated with the Dime Commercial Bancshares (DCOM) Form 4 filing?

Reporting persons include BASSWOOD CAPITAL MANAGEMENT, L.L.C., several Basswood funds, and individuals Bennett D. Lindenbaum and Matthew A. Lindenbaum. Several are listed as "Director-by-Deputization," reflecting board representation tied to Basswood-managed investment entities.

Does the Dime Commercial Bancshares (DCOM) Form 4 show any option exercises or derivative trades?

The filing’s derivative summary is empty, and transaction codes reflect only non-derivative Common Stock sales. There are no reported option exercises, conversions, or other derivative transactions; all visible activity involves open-market or private sales of Common Stock.
SEC Form 4
FORM 4UNITED 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*
BASSWOOD CAPITAL MANAGEMENT, L.L.C.

(Last)(First)(Middle)
645 MADISON AVENUE
10TH FLOOR

(Street)
NEW YORK NEW YORK 10022

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Dime Commercial Bancshares, Inc. /NY/ [ DCOM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)XOther (specify below)
Director-by-Deputization
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.01 per share ("Common Stock")06/18/2026S663D$39.02994,858ISee footnote(1)(2)
Common Stock06/18/2026S12,003D$39.02982,855ISee footnote(1)(2)
Common Stock06/18/2026S6,030D$39.02144,817ISee footnote(1)(3)
Common Stock06/18/2026S13,800D$39.02458,433ISee footnote(1)(4)
Common Stock06/18/2026S255D$39.026,785ISee footnote(1)(5)
Common Stock33,919ISee footnote(1)(6)
Common Stock1,545ISee footnote(1)(7)
Common Stock179,380D(1)(8)
Common Stock138,282D(1)(9)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
BASSWOOD CAPITAL MANAGEMENT, L.L.C.

(Last)(First)(Middle)
645 MADISON AVENUE
10TH FLOOR

(Street)
NEW YORK NEW YORK 10022

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirector10% Owner
Officer (give title below)XOther (specify below)
Director-by-Deputization
1. Name and Address of Reporting Person*
LINDENBAUM BENNETT D

(Last)(First)(Middle)
BASSWOOD CAPITAL MANAGEMENT, L.L.C.
645 MADISON AVE, 10TH FLOOR

(Street)
NEW YORK NEW YORK 10022

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirector10% Owner
Officer (give title below)XOther (specify below)
Director-by-Deputization
1. Name and Address of Reporting Person*
LINDENBAUM MATTHEW A

(Last)(First)(Middle)
BASSWOOD CAPITAL MANAGEMENT, L.L.C.
645 MADISON AVE, 10TH FLOOR

(Street)
NEW YORK NEW YORK 10022

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirector10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
BASSWOOD FINANCIAL FUND, L.P.

(Last)(First)(Middle)
C/O BASSWOOD CAPITAL MANAGEMENT, L.L.C.
645 MADISON AVENUE, 10TH FLOOR

(Street)
NEW YORK NEW YORK 10022

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirector10% Owner
Officer (give title below)XOther (specify below)
Director-by-Deputization
1. Name and Address of Reporting Person*
BASSWOOD OPPORTUNITY PARTNERS, L.P.

(Last)(First)(Middle)
C/O BASSWOOD CAPITAL MANAGEMENT, L.L.C.
645 MADISON AVENUE, 10TH FLOOR

(Street)
NEW YORK NEW YORK 10022

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirector10% Owner
Officer (give title below)XOther (specify below)
Director-by-Deputization
1. Name and Address of Reporting Person*
Basswood Financial Fund, Ltd.

(Last)(First)(Middle)
C/O BASSWOOD CAPITAL MANAGEMENT, L.L.C.
645 MADISON AVENUE, 10TH FLOOR

(Street)
NEW YORK 10022

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirector10% Owner
Officer (give title below)XOther (specify below)
Director-by-Deputization
Explanation of Responses:
1. Notes are included on Exhibit 99.1 hereto.
2. Notes are included on Exhibit 99.1 hereto.
3. Notes are included on Exhibit 99.1 hereto.
4. Notes are included on Exhibit 99.1 hereto.
5. Notes are included on Exhibit 99.1 hereto.
6. Notes are included on Exhibit 99.1 hereto.
7. Notes are included on Exhibit 99.1 hereto.
8. Notes are included on Exhibit 99.1 hereto.
9. Notes are included on Exhibit 99.1 hereto.
Remarks:
Exhibit List: Exhibit 99.1 - Explanation of Responses Exhibit 99.2 - Joint Filer Information Exhibit 99.3 - Joint Filers' Signatures
Basswood Capital Management, L.L.C.06/23/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)