Belfa (NASDAQ: BELFA) insider files to sell RSU-derived Class B shares

Rhea-AI Filing Summary

Belfa (BELFA) filed a Form 144 reporting proposed sales of Class B Common shares derived from RSU stock grants.

The filing lists multiple RSU grant dates and quantities, including grants of 9,000 shares on 09/01/2023 and 2,500 shares on 05/17/2018

Insights

Securities Compliance Analyst

Form 144 documents proposed insider sales of RSU-derived Class B Common shares.

The filing itemizes RSU grants by grant date and number, such as 9,000 shares dated 09/01/2023 and multiple 2,500 grants. This notice is a regulatory disclosure of intent to sell, not evidence of completed transactions.

Execution, proceeds treatment, and timing are not shown in the excerpt; subsequent SEC filings or transaction reports would confirm whether and when sales occur.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class B Common	Charles Schwab Corp. 3000 Schwab Way Westlake TX 76262	22311	5216534.00	10541050	02/25/2026	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class B Common	05/17/2018	RSU Stock Grants	Issuer			2500	05/17/2018	Equity Compensation
Class B Common	05/17/2020	RSU Stock Grants	Issuer			2500	05/17/2020	Equity Compensation
Class B Common	05/17/2021	RSU Stock Grants	Issuer			2500	05/17/2021	Equity Compensation
Class B Common	09/01/2023	RSU Stock Grants	Issuer			9000	09/01/2023	Equity Compensation
Class B Common	05/15/2024	RSU Stock Grants	Issuer			2500	05/15/2024	Equity Compensation
Class B Common	03/15/2025	RSU Stock Grants	Issuer			811	03/15/2025	Equity Compensation
Class B Common	05/15/2025	RSU Stock Grants	Issuer			2500	05/15/2025	Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Belfa's Form 144 disclose?

The Form 144 lists proposed sales of Class B Common shares tied to RSU grants. It itemizes grant dates and quantities including 9,000 and several 2,500 grants, showing the insider's intent to sell shares derived from equity compensation.

Does the Form 144 show completed sales for BELFA?

No, Form 144 is a notice of proposed sales, not proof of completion. The filing lists intended sales of RSU-derived shares; executed transactions would appear in subsequent trade or Form 4 filings if and when they occur.

Which RSU grant dates and sizes are listed in the filing?

The filing lists multiple RSU grants, including 05/17/2018 (2,500), 05/17/2020 (2,500), 05/17/2021 (2,500), 09/01/2023 (9,000), and others totaling multiple grants over several years.

Who receives proceeds from the sales listed on Form 144?

The excerpt does not specify proceeds recipients. Form 144 typically covers insider sales by the reporting person; the filing excerpt does not state whether proceeds go to the insider or another party.

Where can I find confirmation of actual share sales for BELFA?

Look for subsequent SEC filings such as Form 4 or trade confirmations. Those reports will show executed transactions, exact sale dates, prices, and resulting beneficial ownership changes if sales occurred.