Basswood Capital Management, L.L.C. and affiliated reporting persons filed a joint Form 4 on October 27, 2026, disclosing sales of Dime Commercial Bancshares, Inc. common stock on October 23 and October 26, 2026, across multiple indirectly held accounts.

Key Highlights

  • Issuer and ticker: Dime Commercial Bancshares, Inc. /NY/, listed as NASDAQ:DCOM
  • October 23 sales: A combined 90,000 shares disposed of across five indirectly held accounts at $42.68 per share
  • October 26 sales: A combined 16,159 shares disposed of across five indirectly held accounts at $43.05 per share
  • Largest single account after transactions: 867,831 shares beneficially owned indirectly following the October 26 sale from one account (footnote 2)
  • Joint filers: Seven reporting persons are named, including Basswood Capital Management, L.L.C., Bennett D. Lindenbaum, Matthew A. Lindenbaum, and four affiliated fund entities
  • Relationship to issuer: Reporting persons are identified as Director and, where applicable, Director-by-Deputization
  • All transactions coded "S": All disposals are reported as open-market sales (transaction code S) in Table I, with no derivative securities reported in Table II

Basswood Capital Group Reduces Dime Commercial Bancshares Position Over Two Days

According to the filing, Basswood Capital Management, L.L.C. and six affiliated reporting persons collectively disposed of shares of Common Stock, par value $0.01 per share, in Dime Commercial Bancshares, Inc. on October 23 and October 26, 2026. All transactions carry transaction code "S," indicating open-market sales. The filing was submitted on October 27, 2026, with the date of earliest transaction listed as October 23, 2026.

On October 23, 2026, sales occurred across five separate indirectly held accounts at a uniform price of $42.68 per share. The share counts for each account were 31,146; 8,571; 14,032; 688; and 35,563. On October 26, 2026, additional sales occurred across the same five accounts at $43.05 per share, in amounts of 7,648; 807; 2,165; 101; and 5,438 shares, respectively. Following these transactions, the filing reports post-transaction beneficial ownership across those five accounts of 867,831; 21,904; 113,472; 5,310; and 379,338 shares, all held indirectly. The filing also lists separately held positions of 1,545 shares (indirectly held) and two directly held positions of 179,380 and 138,282 shares, for which no transactions are reported in this filing.

The filing notes that additional detail is contained in Exhibit 99.1, referenced as the "Explanation of Responses" for all footnotes. The form was filed jointly by more than one reporting person, with joint filer information provided in Exhibit 99.2 and signatures in Exhibit 99.3. No derivative securities transactions are reported in Table II.

What Was Disclosed

Basswood Capital Management and six affiliated persons disclosed sales of Dime Commercial Bancshares common stock on October 23 and October 26, 2026, at prices of $42.68 and $43.05 per share, across multiple indirectly held accounts, with post-transaction beneficial ownership figures reported for each account.