BEL FUSE INC

Ticker: BELFB CUSIP: 077347300 Class: Common Stock

Makaira Partners LLC's Holding History (CIK: 0001540866)

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

Q4 2025

Shares 55,000 Value ($000) $9,330 Avg Close $156.18 Range $129.89 - $179.34

Q3 2025

Shares 100,000 Value ($000) $14,102 Avg Close $127.32 Range $95.36 - $152.32

Q2 2025

Shares 245,999 Value ($000) $24,032 Avg Close $75.34 Range $57.85 - $98.40

Q1 2025

Shares 245,999 Value ($000) $18,415 Avg Close $79.67 Range $71.79 - $89.77

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	55,000	$9,330	$156.18	$129.89 - $179.34
Q3 2025	100,000	$14,102	$127.32	$95.36 - $152.32
Q2 2025	245,999	$24,032	$75.34	$57.85 - $98.40
Q1 2025	245,999	$18,415	$79.67	$71.79 - $89.77