MCDOWELL JOHN WALTER 4

What Happened

• John Walter McDowell, a director of Bassett Furniture Industries, received a grant/award of 2,857 restricted shares on 2026-03-11. The grant price used in the filing is $14.00 per share, valuing the award at $39,998.
• This transaction is reported as an Award/Grant (code A); the shares are restricted and subject to the company’s Stock Incentive Plan.

Key Details

• Transaction date: 2026-03-11; Filing date: 2026-03-13 (appears timely under Form 4 rules).
• Shares granted: 2,857 at $14.00 per share — total value $39,998 (price equals BSET close on 03/11/2026).
• Vesting and restrictions: Grant is restricted stock under the 2021 Stock Incentive Plan and vests in one year (footnote F1). Risk of forfeiture applies until vesting and the award is subject to stock ownership guidelines (F2).
• Shares owned after transaction: Not disclosed in the filing.
• Transaction code: A = Award/Grant.

Context

• This is a restricted stock award (not an open-market purchase or sale). Restricted grants are commonly used for compensation and retention; they carry forfeiture and vesting conditions, so they do not necessarily indicate immediate buying interest in the open market.
• No indication of a sale, cashless exercise, gift, or 10% owner transaction in this filing.