Bel Fuse executive sells 3,444 Class B shares

Bel Fuse Inc's President of Power Solutions, Stephen Dawson, reported both a stock sale and an equity grant.

Rhea-AI Filing Summary

Bel Fuse Inc's President of Power Solutions, Stephen Dawson, reported both a stock sale and an equity grant. He sold 3,444 shares of Class B Common Stock in an open-market transaction at an average price of $203.21 per share, and held 11,741 Class B shares directly afterward.

On March 15, 2026, he was granted 920 restricted shares of Class B Common Stock at no cost. According to the grant terms, 307 shares vest on March 15, 2027, another 307 on March 15, 2028, and 306 on March 15, 2029. He also has 2,266 shares of Class A Common Stock held indirectly through a 401(k) plan, with that amount estimated.

Insider Trade Summary

Net Seller: 3,444 shares

Net Sell 3 txns

Insider Dawson Stephen

Role Pres. - Power Solutions

Sold 3,444 shs ($700K)

Type	Security	Shares	Price	Value
Sale	Class B Common Stock	3,444	$203.21	$700K
Grant/Award	Class B Common Stock	920	$0.00	$0.00
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class B Common Stock — 11,741 shares (Direct); Class A Common Stock — 2,266 shares (Indirect, By 401(k) Plan)

Footnotes (2)

1. F1. The number of shares held in the 401(k) plan is estimated.
2. F2. Mr. Dawson was granted 920 restricted shares of Class B Common Stock on March 15, 2026. The restricted shares vest as follows: 307 shares vest as of March 15, 2027; 307 shares vest as of March 15, 2028; and 306 shares vest as of March 15, 2029.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Stephen Dawson report for Bel Fuse Inc (BELFB)?

Stephen Dawson reported an open-market sale and an equity grant. He sold 3,444 Class B shares at $203.21 each and received a grant of 920 restricted Class B shares that will vest in three annual installments starting March 15, 2027.

How many Bel Fuse Class B shares did Stephen Dawson sell and at what price?

Stephen Dawson sold 3,444 shares of Bel Fuse Class B Common Stock. The shares were sold in an open-market transaction at an average price of $203.21 per share, providing insight into the scale and pricing of this particular insider sale.

What are the terms of Stephen Dawson’s 920-share restricted stock grant at Bel Fuse (BELFB)?

Stephen Dawson received 920 restricted Class B shares at no cost. The grant vests over three years: 307 shares on March 15, 2027, 307 shares on March 15, 2028, and 306 shares on March 15, 2029, aligning with multi-year retention incentives.

What are Stephen Dawson’s Bel Fuse shareholdings after these Form 4 transactions?

After the reported transactions, Stephen Dawson directly holds 11,741 shares of Class B Common Stock. He also has 2,266 shares of Class A Common Stock held indirectly through a 401(k) plan, with that 401(k) share count stated as an estimate in the disclosure.

How does the Bel Fuse Form 4 classify Stephen Dawson’s stock sale and grant?

The Form 4 classifies the 3,444 Class B share transaction as an open-market sale, coded “S.” The 920-share award is coded “A,” indicating a grant or award acquisition of restricted stock, with explicit vesting dates spread across 2027, 2028, and 2029.

Does Stephen Dawson hold any Bel Fuse shares indirectly, such as through benefit plans?

Yes. In addition to his directly held Class B shares, Stephen Dawson has 2,266 shares of Class A Common Stock held indirectly through a 401(k) plan. The filing notes that the number of shares held in the 401(k) plan is estimated rather than an exact count.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/17/2026 - 04:49 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Dawson Stephen

(Last) (First) (Middle)

C/O BEL FUSE INC.

300 EXECUTIVE DRIVE, SUITE 300

(Street)

WEST ORANGE NJ 07052

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BEL FUSE INC /NJ [ BELFB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Pres. - Power Solutions

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock								2,266	I	By 401(k) Plan(1)
Class B Common Stock	03/15/2026		A		920(2)	A	$0	15,185	D
Class B Common Stock	03/16/2026		S		3,444	D	$203.21	11,741	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The number of shares held in the 401(k) plan is estimated.

2. Mr. Dawson was granted 920 restricted shares of Class B Common Stock on March 15, 2026. The restricted shares vest as follows: 307 shares vest as of March 15, 2027; 307 shares vest as of March 15, 2028; and 306 shares vest as of March 15, 2029.

	/s/ Lynn Hutkin	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.