BEL FUSE INC

Ticker: BELFA CUSIP: 077347201 Class: Common Stock

PenderFund Capital Management Ltd.'s Holding History (CIK: 0001706164)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 1,600 Value ($000) $243 Avg Close $134.10 Range $110.58 - $159.48

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,600	$243	$134.10	$110.58 - $159.48