[Form 4] Bel Fuse Inc Insider Trading Activity

Rhea-AI Filing Summary

On 07/31/2025, Verizon Communications Inc. (VZ) EVP & Group CEO-VZ Business Kyle Malady filed a Form 4 reporting a routine change in deferred-compensation holdings.

• Security: Phantom stock units that mirror VZ common shares and are settled in cash.
• Units acquired: 141.835 (Transaction Code “A” – acquisition, non-open-market).
• Stated unit value: $12.20.
• Total phantom units now held: 382,317.195, held indirectly through the company’s Deferred Compensation Plan.

No VZ common shares were bought or sold, and the transaction adds an immaterial dollar amount to the executive’s overall economic exposure. The filing appears to reflect dividend reinvestment or plan accrual rather than a discretionary insider purchase or sale, implying negligible impact on float, ownership concentration, or investor sentiment.

Insights

Financial Analyst

TL;DR: Minor phantom-stock accrual; no material insider signal or valuation impact.

The reported acquisition of 141.835 phantom units—worth roughly $1.7k—is part of Verizon’s deferred-compensation mechanism. Because phantom stock is cash-settled and does not affect share count, this event neither tightens supply nor indicates bullish conviction. Malady’s indirect balance rises to 382k units, but the delta is immaterial versus Verizon’s 4.2 bn shares outstanding. I view the filing as administrative, with neutral implications for VZ’s risk-reward profile.

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)
07/31/2025

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 B Common Stock	07/31/2025		S		1,200	D	$127.07	14,265	D
Class A Common Stock								2,187	I	By 401(k) Plan(1)

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.

	/s/ Lloyd Jeglikowski, Attorney-in-Fact	08/01/2025
	** 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.

FAQ

What did Verizon (VZ) executive Kyle Malady report on Form 4 dated 07/31/2025?

He acquired 141.835 phantom stock units through the company’s deferred compensation plan.

Does the transaction involve actual Verizon common shares?

No. Phantom stock is cash-settled and does not represent direct ownership of VZ shares.

How many phantom units does Malady now hold after this filing?

His aggregate indirect holding is 382,317.195 phantom units.

Was the purchase made on the open market?

No. Code “A” indicates an acquisition exempt from open-market trading, likely via plan accrual.

Is this Form 4 likely to affect Verizon’s stock price?

Given the small size and cash-settled nature, analysts view the impact as negligible.