Bel Fuse (BELFB) Schedule 13D/A: Bennett Holds 3.59% of Shares

Christopher F. Bennett filed Amendment No. 3 to his Schedule 13D for Bel Fuse Inc., reporting beneficial ownership of 75,950 shares of Class A common stock, equal to approximately 3.59% of the outstanding Class A shares.

Rhea-AI Filing Summary

Christopher F. Bennett filed Amendment No. 3 to his Schedule 13D for Bel Fuse Inc., reporting beneficial ownership of 75,950 shares of Class A common stock, equal to approximately 3.59% of the outstanding Class A shares. The filing states Mr. Bennett used personal funds (about $3,090,962) to acquire the shares, which are currently held in margin accounts. The amendment reflects dispositions that caused him to cease being a beneficial owner of more than 5%. Mr. Bennett retains sole voting and dispositive power over the reported shares and states no related contracts or legal proceedings.

Positive

• Accurate disclosure of current beneficial ownership (75,950 shares, 3.59%) provides transparency to the market
• Sole voting and dispositive power over the shares simplifies control and avoids ambiguity about coordinated action
• Used personal funds (~$3,090,962) rather than undisclosed third-party financing, improving clarity on funding source

Negative

• Disposition reduced stake below 5%, indicating decreased potential influence and possible loss of activist leverage
• Shares held in margin accounts create the possibility of forced sales if margin requirements are breached
• Schedule 1 transactions referenced but not included in the provided content, limiting detail on recent trades

Insights

Financial Analyst

TL;DR: Holder reduced stake below 5%, now a 3.59% shareholder with sole voting control of 75,950 shares.

Mr. Bennett's amendment discloses that he no longer holds more than 5% following dispositions, which removes certain filing presumptions and any potential for an activist influence tied to a >5% stake. The reported purchase cost (~$3.09 million) implies an average per-share basis consistent with a mid-sized individual position relative to Bel Fuse's 2.12 million Class A shares outstanding. Holding the position in margin accounts introduces potential forced-sale risk if margin calls occur, but sole voting and dispositive power means Mr. Bennett can still influence corporate votes tied to his shares.

Corporate Governance Expert

TL;DR: Disclosure is routine compliance; stake decline below 5% reduces reporting obligations and potential activist signaling.

The amendment appropriately updates beneficial ownership and affirms no contractual arrangements with other parties regarding Bel Fuse securities. From a governance standpoint, a 3.59% stake grants meaningful minority interest and voting voice but lacks the regulatory or market impact of a >5% holder. The clear statement of sole voting/dispositive power simplifies the shareholder registry picture and indicates no joint-control arrangements.

FAQ

What stake does Christopher F. Bennett report in Bel Fuse (BELFB)?

Mr. Bennett reports beneficial ownership of 75,950 shares, representing approximately 3.59% of Class A common stock.

Did Mr. Bennett disclose how he funded his purchases of BELFB shares?

Yes. The filing states he used personal funds (approximately $3,090,962) and the shares are held in margin accounts.

Has Mr. Bennett indicated any agreements or arrangements with other parties regarding BELFB shares?

No. Item 6 states there are no contracts, arrangements, understandings or relationships with respect to the issuer's securities other than those described.

Why was Amendment No. 3 filed?

The amendment was filed to reflect dispositions of shares and that the Reporting Person has ceased to be the beneficial owner of more than 5% of Class A common stock.

Does Mr. Bennett retain voting control over his reported shares?

Yes. The filing states he has sole power to vote and to dispose of all 75,950 reported shares.

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

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Accepted by SEC EDGAR 09/05/2025 - 05:18 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

Bel Fuse Inc.

(Name of Issuer)

Class A Common Stock ($0.10 par value)

(Title of Class of Securities)

077347201

(CUSIP Number)

Christopher F. Bennett
30 Chatham Road, P.O. Box 216
Short Hills, NJ, 07078
(610) 564-6801

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/04/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 077347201

1

Name of reporting person

Christopher F. Bennett

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 75,950.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 75,950.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

75,950.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.59 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

The following constitutes Amendment No. 3 to Schedule 13D filed by the undersigned ("Amendment No. 3"). This Amendment No. 3 amends the Schedule 13D, as amended, as specifically set forth herein.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock ($0.10 par value)
(b)	Name of Issuer: Bel Fuse Inc.
(c)	Address of Issuer's Principal Executive Offices: 300 Executive Drive, Suite 300, West Orange, NEW JERSEY , 07052.
Item 2.	Identity and Background
(a)	The name of the person filing this statement on Schedule 13D (the "Reporting Person") is Christopher F. Bennett.
(b)	The address of the Reporting Person is P.O. Box 216, Short Hills, New Jersey 07078.
(c)	The Reporting Person's principal occupation is serving as a partner of Petrus Partners Ltd., a private vertically integrated real estate and real asset fund management, investment management, and operating company.
(d)	During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	The Reporting Person is a United States citizen.
Item 3.	Source and Amount of Funds or Other Consideration
	The Reporting Person has used personal funds (approximately $3,090,962) to purchase the Shares. The shares of Class A Common Stock held by the Reporting Person are held in margin accounts together with other securities. Such margin accounts may from time to time have debit balances.
Item 4.	Purpose of Transaction
	This Amendment No. 3 amends the Schedule 13D initially filed on November 10, 2022 and amended on March 3, 2023 and August 29, 2025. This Schedule 13D is filed to reflect the disposition of shares of Class A Common Stock by the Reporting Person and to reflect that the Reporting Person has ceased to be the beneficial owner of more than five percent of the Class A Common Stock of the issuer.
Item 5.	Interest in Securities of the Issuer
(a)	The Reporting Person beneficially owns in the aggregate 75,950 shares of Class A Common Stock, which represents approximately 3.59% of the Company's outstanding shares of Class A Common Stock. The percentage ownership of shares of Common Stock set forth in this Statement is based on 2,115,263 shares of Common Stock issued and outstanding as of July 25, 2025 as reported in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 filed with the SEC on July 31, 2025.
(b)	The Reporting Person has the sole power to vote or to direct the voting of all such shares described in Item 5(a) above. The Reporting Person has the sole power to dispose or direct the disposition of all such shares described in Item 5(a) above. The Reporting Person does not have shared power to vote or to direct the vote of any such shares described in Item 5(a) above, and does not have shared power to dispose or direct the disposition of any such shares described in Item 5(a) above.
(c)	Schedule 1 hereto sets forth all transactions in the Common Stock by any Reporting Person during the past sixty days. Except for the transactions set forth on Schedule 1, none of the Reporting Persons effected any transaction during the past sixty days.
(d)	Not applicable.
(e)	9/4/2025
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Other than described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Person and any other person with respect to the securities of the Issuer.

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.

Christopher F. Bennett

Signature:	/s/ Christopher F. Bennett
Name/Title:	Christopher F. Bennett
Date:	09/05/2025