T. Rowe Price takes 7.9% Bel Fuse (BELFA) Class B ownership stake

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. reported beneficial ownership of 834,270 shares of Bel Fuse Inc. Class B common stock, representing 7.9% of the class as of the event date 12/31/2025.

T. Rowe Price has sole voting power over 822,941 shares and sole dispositive power over 834,261 shares, with no shared voting or dispositive authority. The firm states the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of Bel Fuse. The filing also affirms that T. Rowe Price Associates denies being the beneficial owner of these securities beyond its investment advisory role.

Insights

Institutional ownership analyst

T. Rowe Price discloses a 7.9% passive stake in Bel Fuse.

T. Rowe Price Associates, Inc. reports beneficial ownership of 834,270 Bel Fuse Class B shares, equal to 7.9% of the class as of 12/31/2025. The firm holds sole voting power over 822,941 shares and sole dispositive power over 834,261 shares.

The position is certified as being held in the ordinary course of business, with no intent to change or influence control of Bel Fuse. The firm also expressly denies beneficial ownership of the securities beyond its advisory capacity, which is typical for investment advisers managing assets for clients.

This kind of stake indicates meaningful institutional involvement but, based on the passive certification, does not by itself signal an activist campaign or strategic transaction. Future ownership updates in subsequent beneficial ownership reports may clarify whether this percentage grows, shrinks, or remains stable over time.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

BEL FUSE INC-CL B

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

077347300

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 077347300

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 822,941.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 834,261.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

834,270.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BEL FUSE INC-CL B
(b)	Address of issuer's principal executive offices: 300 EXECUTIVE DRIVE, SUITE 300, WEST ORANGE, NJ, 07052
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 077347300
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 834270
(b)	Percent of class: 7.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 822941
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 834261
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	02/17/2026

FAQ

What ownership stake in Bel Fuse Inc. (BELFA) did T. Rowe Price report?

T. Rowe Price Associates, Inc. reported beneficial ownership of 834,270 shares of Bel Fuse Inc. Class B common stock, representing 7.9% of the class as of December 31, 2025. This makes T. Rowe Price a significant institutional holder of BELFA’s Class B shares.

Does T. Rowe Price control voting rights for its Bel Fuse (BELFA) shares?

T. Rowe Price reported sole voting power over 822,941 shares of Bel Fuse Class B stock and no shared voting power. It also has sole dispositive power over 834,261 shares, indicating it can decide how most of these shares are voted and disposed.

Is T. Rowe Price’s Bel Fuse (BELFA) position passive or activist?

T. Rowe Price certified that the Bel Fuse securities were acquired and are held in the ordinary course of business, not to change or influence control of the company. The filing characterizes the stake as passive institutional ownership rather than an activist or control-seeking position.

What type of entity is the Bel Fuse (BELFA) reporting holder T. Rowe Price Associates?

T. Rowe Price Associates, Inc. is organized in Maryland and is identified as an investment adviser under SEC rules. Its principal business office is listed as 1307 Point Street, Baltimore, MD 21231, reflecting its role as a professional asset manager.

Does T. Rowe Price claim full beneficial ownership of its Bel Fuse (BELFA) shares?

No. T. Rowe Price expressly states that the filing should not be construed as an admission that it is the beneficial owner of the Bel Fuse securities. It denies beneficial ownership, consistent with shares typically being held for advisory clients.

When was the Bel Fuse (BELFA) ownership level by T. Rowe Price measured?

The reported beneficial ownership of 834,270 Bel Fuse Class B shares, equal to 7.9% of the class, is tied to an event date of December 31, 2025. That date anchors when the ownership percentage and share counts were calculated.