BELDEN INC. — Director's Dealing 2025

Dec 8, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BELDEN INC. (BDC)
CIK: 0000913142
Period of Report: 2025-12-04

Reporting Person: Bhadra Hiran (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-12-04	Common Stock Holding	M	4847	$54.89	Acquired	30966	Direct
2025-12-04	Common Stock Holding	D	3247	$120.695	Disposed	27719	Direct
2025-12-05	Common Stock Holding	S	1600	$120	Disposed	26119	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-12-04	Stock Appreciation Rights	$54.89	M	4847	Disposed	2032-03-14	Common Stock (4847)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Holding	717.9602	Indirect

Footnotes

F1: The exercise reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Bhadra on August 15, 2025.

F2: This represents the difference between the number of SARs exercised (4,847) and the number of shares issued as a result of the exercise (1,600). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date of exercise ($120.695) and the exercise price ($54.89). Additional shares were then withheld to satisfy the Company's tax withholding obligations.

F3: The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Bhadra on August 15, 2025.

F4: Represents the balance of shares of Belden Inc. common stock held in the Belden Retirement Savings Plan as of the date of this filing.

F5: The original grant of stock appreciation rights became exercisable in equal portions on the first three anniversaries of the grant date.