25,867-share sale filing for BELFA (NASDAQ: BELFA) via Morgan Stanley

Rhea-AI Filing Summary

BELFA filed a Form 144 to sell 25,867 shares of Common Stock through Morgan Stanley Smith Barney LLC. The filing lists restricted stock grants with grant dates and amounts: 03/15/2025: 1,978; 05/15/2023: 2,500; 05/15/2024: 2,500; 05/15/2025: 2,500; 11/15/2024: 5,000; 11/15/2025: 5,000; 02/03/2026: 6,389.

Insights

Securities Compliance Attorney

Form 144 notifies of an intended sale of 25,867 restricted shares via a broker.

The filing lists specific restricted stock grants by grant date and share count, with Morgan Stanley Smith Barney LLC named as the broker. This form signals an intent to sell but does not confirm completed transactions.

Timing and proceeds treatment are not provided in the excerpt; subsequent filings or a Form 4 would show actual sale execution and cash‑flow details.

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

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
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	25867	6099448.95	2115263	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 *
Common	03/15/2025	Restricted Stock	Issuer			1978	03/15/2025	Not Applicable
Common	05/15/2023	Restricted Stock	Issuer			2500	05/15/2023	Not Applicable
Common	05/15/2024	Restricted Stock	Issuer			2500	05/15/2024	Not Applicable
Common	05/15/2025	Restricted Stock	Issuer			2500	05/15/2025	Not Applicable
Common	11/15/2025	Restricted Stock	Issuer			5000	11/15/2025	Not Applicable
Common	11/15/2024	Restricted Stock	Issuer			5000	11/15/2024	Not Applicable
Common	02/03/2026	Restricted Stock	Issuer			6389	02/03/2026	Not Applicable

* 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 filing discloses an intended sale of 25,867 Common shares through Morgan Stanley Smith Barney LLC. It lists restricted stock grants by date and share counts including 02/03/2026: 6,389 and 11/15/2024: 5,000.

Does the Form 144 mean BELFA shares have been sold?

No. Form 144 indicates an intended sale authorization for 25,867 shares via a broker. This document does not confirm transaction completion; executed sales would typically be reported later on a Form 4 or broker statement.

Which broker is handling the planned sale for BELFA?

The filing names Morgan Stanley Smith Barney LLC as the broker. The broker is listed alongside the share counts and grant dates in the Form 144 excerpt; specifics about sale method or proceeds are not included here.

What grant dates and share amounts are listed in the Form 144 for BELFA?

The excerpt lists grants and amounts: 03/15/2025: 1,978; 05/15/2023: 2,500; 05/15/2024: 2,500; 05/15/2025: 2,500; 11/15/2024: 5,000; 11/15/2025: 5,000; 02/03/2026: 6,389, totaling 25,867 shares noted in the filing.