Basswood Financial Fund, Ltd. 4

What Happened Basswood Capital Management, L.L.C., reported as a director (Director-by-Deputization), sold a total of 32,751 Dime Commercial Bancshares (DCOM) shares in open-market transactions on June 18, 2026. The sales were executed in five lots at $39.02 per share: 663 shares ($25,870), 12,003 shares ($468,357), 6,030 shares ($235,291), 13,800 shares ($538,476), and 255 shares ($9,950), for a combined proceeds of approximately $1,277,944. These were dispositions (sales), which are often routine portfolio or institutional trades rather than signals of insider conviction.

Key Details

• Transaction date: 2026-06-18; All lots sold at $39.02 per share.
• Total shares sold: 32,751; Total proceeds: $1,277,944 ($1.28M).
• Shares owned after the transaction: not specified in the excerpt of this filing—see the full Form 4 for post-transaction holdings.
• Footnotes: Multiple footnotes reference Exhibit 99.1 (“Explanation of Responses”); Exhibit 99.2 and 99.3 relate to joint filer information and signatures. No explicit 10b5-1 plan or tax-withholding note appears in the transaction lines provided here.
• Filing timing: Report filed 2026-06-23 for a 2026-06-18 trade (filed five days after the trade). Form 4s are normally due within two business days, so this filing appears later than the standard reporting window.

Context

• These were straightforward open-market sales by an institutional filer that also holds a director role; institutional trades can reflect portfolio management rather than personal trading decisions.
• Because this report documents sales (not purchases or option exercises), it should not be interpreted as a bullish signal; retail investors typically give greater informational weight to insider purchases.
• For full details and any explanations (e.g., whether sales were pre-arranged under a 10b5-1 plan), consult Exhibits 99.1–99.3 attached to the Form 4.