diff --git a/Changes b/Changes
index 7dc8d7e66..f70355566 100644
--- a/Changes
+++ b/Changes
@@ -31,6 +31,7 @@ Verilator 5.015 devel
 * Fix internal error on real conversion (#4447). [vdhotre-ventana]
 * Fix lifetime unknown error on enum.name (#4448). [jwoutersymatra]
 * Fix display %x formatting of real.
+* Fix mis-warning on #() in classes' own functions.
 
 
 Verilator 5.014 2023-08-06
diff --git a/src/V3LinkDot.cpp b/src/V3LinkDot.cpp
index 3a1819911..afec76e4d 100644
--- a/src/V3LinkDot.cpp
+++ b/src/V3LinkDot.cpp
@@ -2905,10 +2905,14 @@ private:
             UINFO(4, "(Backto) Link ClassOrPackageRef: " << nodep << endl);
             iterateChildren(nodep);
         }
-        if (m_statep->forPrimary() && VN_IS(nodep->classOrPackagep(), Class) && !nodep->paramsp()
+        AstClass* const refClassp = VN_CAST(nodep->classOrPackagep(), Class);
+        AstClass* const modClassp = VN_CAST(m_modp, Class);
+        if (m_statep->forPrimary() && refClassp && !nodep->paramsp()
             && nodep->classOrPackagep()->hasGParam()
             // Don't warn on typedefs, which are hard to know if there's a param somewhere buried
-            && VN_IS(nodep->classOrPackageNodep(), Class)) {
+            && VN_IS(nodep->classOrPackageNodep(), Class)
+            // References to class:: within class itself are OK per IEEE (UVM does this)
+            && modClassp != refClassp) {
             nodep->v3error("Reference to parameterized class without #() (IEEE 1800-2017 8.25.1)\n"
                            << nodep->warnMore() << "... Suggest use '"
                            << nodep->classOrPackageNodep()->prettyName() << "#()'");
diff --git a/test_regress/t/t_class_new_noparen.pl b/test_regress/t/t_class_new_noparen.pl
new file mode 100755
index 000000000..859050d63
--- /dev/null
+++ b/test_regress/t/t_class_new_noparen.pl
@@ -0,0 +1,21 @@
+#!/usr/bin/env perl
+if (!$::Driver) { use FindBin; exec("$FindBin::Bin/bootstrap.pl", @ARGV, $0); die; }
+# DESCRIPTION: Verilator: Verilog Test driver/expect definition
+#
+# Copyright 2023 by Wilson Snyder. This program is free software; you
+# can redistribute it and/or modify it under the terms of either the GNU
+# Lesser General Public License Version 3 or the Perl Artistic License
+# Version 2.0.
+# SPDX-License-Identifier: LGPL-3.0-only OR Artistic-2.0
+
+scenarios(simulator => 1);
+
+compile(
+    );
+
+execute(
+    check_finished => 1,
+    );
+
+ok(1);
+1;
diff --git a/test_regress/t/t_class_new_noparen.v b/test_regress/t/t_class_new_noparen.v
new file mode 100644
index 000000000..17073677b
--- /dev/null
+++ b/test_regress/t/t_class_new_noparen.v
@@ -0,0 +1,39 @@
+// DESCRIPTION: Verilator: Verilog Test module
+//
+// This file ONLY is placed under the Creative Commons Public Domain, for
+// any use, without warranty, 2023 by Wilson Snyder.
+// SPDX-License-Identifier: CC0-1.0
+
+class u_object;
+   string m_name;
+   function new(string name);
+      m_name = name;
+   endfunction
+endclass
+
+class u_cache#(type KEY_T=int, type DATA_T=int) extends u_object;
+   typedef int unsigned size_t;
+   int m_max_size;
+
+   extern function new(string name="u_cache", size_t max_size = 256);
+endclass
+
+// #() not required below, see IEEE 1800-2017 8.25.1
+function u_cache::new(string name="u_cache", u_cache::size_t max_size = 256);
+   super.new(name);
+   this.m_max_size = max_size;
+endfunction
+
+module t(/*AUTOARG*/);
+
+   u_cache #(real, real) obj;
+
+   initial begin
+      obj = new("fred", 62);
+      if (obj.m_name != "fred") $stop;
+      if (obj.m_max_size != 62) $stop;
+      $write("*-* All Finished *-*\n");
+      $finish;
+   end
+
+endmodule