Basswood Capital Management, L.L.C. and related reporting persons filed a Form 4 with the SEC on October 29, 2026, disclosing the sale of Dime Commercial Bancshares, Inc. common stock across three trading days from October 27 through October 29, 2026.

Key Highlights

  • Multiple sales across three days: Shares of Dime Commercial Bancshares common stock (par value $0.01 per share) were disposed of on October 27, October 28, and October 29, 2026, across five separate accounts.
  • October 27 prices: All October 27 sales were executed at $42.51 per share, with individual account disposals of 12,926, 496, 2,841, 133, and 7,142 shares.
  • October 28 prices: All October 28 sales were executed at $42.02 per share, covering disposals of 2,834, 109, 623, 29, and 1,565 shares.
  • October 29 prices: All October 29 sales were executed at $42.38 per share, with disposals of 1,444, 55, 318, 15, and 799 shares.
  • Remaining indirect holdings after reported transactions: The largest indirectly held account retained 850,627 shares, followed by accounts with 369,832, 109,690, 21,244, and 5,133 shares, plus one account with 1,545 shares.
  • Direct holdings reported: Two positions reported as directly held show 179,380 and 138,282 shares respectively.
  • Joint filing: The form was filed by more than one reporting person, including Basswood Capital Management, L.L.C., Bennett D. Lindenbaum, Matthew A. Lindenbaum, Basswood Financial Fund, L.P., Basswood Opportunity Partners, L.P., Basswood Financial Fund, Ltd., and Basswood Financial Long Only Fund, L.P.

Basswood Capital Group Reduces Dime Commercial Bancshares Position Over Three Sessions

According to the filing, Basswood Capital Management, L.L.C. and six affiliated reporting persons disclosed sales of common stock of Dime Commercial Bancshares, Inc. (NYSE:DCOM) on October 27, 28, and 29, 2026. All transactions carried a transaction code of "S" (sale) and are reported as indirect holdings. The reporting persons are identified in the filing as directors and, where noted, directors-by-deputization of the issuer.

On October 27, 2026, the filing discloses disposals totaling 23,538 shares across five accounts, all at a price of $42.51 per share. On October 28, the filing reports combined disposals of 5,160 shares across the same five accounts at $42.02 per share. On October 29, an additional 2,631 shares in aggregate were sold across those accounts at $42.38 per share. Following the three days of reported transactions, the filing shows the largest indirectly held account held 850,627 shares, according to the disclosure.

The filing notes that detailed explanations of the indirect ownership structures are contained in Exhibit 99.1, which is referenced throughout the footnotes for each reported transaction. The form was signed by Basswood Capital Management, L.L.C. on October 29, 2026, and states it was filed by more than one reporting person, with joint filer information and signatures contained in Exhibits 99.2 and 99.3 respectively.

What Was Disclosed

Basswood Capital Management and affiliated entities filed a joint Form 4 reporting sales of Dime Commercial Bancshares common stock on October 27, 28, and 29, 2026, at prices of $42.51, $42.02, and $42.38 per share respectively, with detailed ownership notes referenced in attached exhibits.