LINDENBAUM BENNETT D 4
Research Summary
AI-generated summary
Dime Community Director Basswood Capital Sells 27,839 Shares
What Happened
Basswood Capital Management, L.L.C., listed as a Director (Director‑by‑Deputization) of Dime Community Bancshares, Inc. (DCOM), sold a total of 27,839 shares in two open‑market transactions. On 2026‑01‑30 it sold 20,339 shares at $33.96 per share for proceeds of $690,712, and on 2026‑02‑03 it sold 7,500 shares at $34.83 per share for proceeds of $261,225 — total proceeds ≈ $951,937. Both transactions are reported as sales (code S).
Key Details
- Transaction dates and prices: 2026‑01‑30 — 20,339 shares @ $33.96; 2026‑02‑03 — 7,500 shares @ $34.83.
- Total shares sold: 27,839; total proceeds: $951,937.
- Shares owned after transaction: Not specified in the summary data provided (see the Form 4 for exact post‑transaction holdings).
- Footnotes F1–F9 refer investors to Exhibit 99.1 (Explanation of Responses) included with the filing. Exhibits 99.2 and 99.3 provide joint filer info and signatures.
- Filing: Form 4 was filed on 2026‑02‑03 (covers the Jan 30 and Feb 3 trades); filing appears to report both transactions within the required Form 4 window.
Context
Both entries are open‑market sales (routine dispositions rather than purchases or option exercises). Sales by directors or institutional filers can reflect many non‑market reasons (portfolio rebalancing, tax/liquidity needs, etc.); they are factual records of insider activity and do not, by themselves, indicate company performance. For full details and any explanatory notes, review Exhibit 99.1 in the Form 4 filing.