Safehold (NYSE: SAFE) director adds 33 stock equivalents via deferral plan

Rhea-AI Filing Summary

Safehold Inc. director Barry W. Ridings reported a routine equity award under the company’s Non-Employee Directors' Deferral Plan. On January 15, 2026, he acquired 33 Common Stock Equivalents (CSEs) at a price of $0, which are deferred stock units that track Safehold common stock.

Under the plan, when dividends are paid on Safehold common stock, the value of those dividends is credited as additional CSEs based on the dividend amount and the stock price on the dividend date. Each CSE is convertible on a one-for-one basis into shares of Safehold Inc. common stock. Following this transaction, Ridings beneficially owned 52,884 shares of common stock directly, plus additional indirect holdings of 4,665 shares, 1,775 shares, and 1,775 shares held by trusts.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RIDINGS BARRY W

(Last) (First) (Middle)

1114 AVE OF THE AMERICAS 39TH FLOOR

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Safehold Inc. [ SAFE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/15/2026		A		33	A(1)	$0	52,884	D
Common Stock								4,665	I	by Trust
Common Stock								1,775	I	by Trust
Common Stock								1,775	I	by Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On January 15, 2026, the Reporting Person acquired 33 Common Stock Equivalents (CSEs) in accordance with the provisions of the Non-Employee Directors' Deferral Plan (Plan). Under the Plan, as dividends are declared and paid on Safehold Inc. common stock, the Reporting Person's holdings of outstanding CSEs are credited with additional CSEs based on the amount of the dividend and the value of a share of Safehold Inc. Common Stock on the dividend date. Each CSE is convertible on a one-for-one basis into shares of Safehold Inc. common stock.

	/s/ Austin Lee, as Attorney-in-Fact for Barry Ridings	01/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did SAFE director Barry W. Ridings report?

On January 15, 2026, Barry W. Ridings reported acquiring 33 Common Stock Equivalents (CSEs) of Safehold Inc. common stock at a price of $0 under the Non-Employee Directors' Deferral Plan.

How does Safehold Inc. (SAFE) non-employee director deferral plan work in this filing?

The filing states that as dividends are declared and paid on Safehold Inc. common stock, the director’s outstanding CSEs are credited with additional CSEs based on the dividend amount and the share value on the dividend date.

What are Common Stock Equivalents (CSEs) reported by SAFE in this Form 4?

The Common Stock Equivalents (CSEs) are deferred units where each CSE is convertible on a one-for-one basis into shares of Safehold Inc. common stock, linked to dividends and share value.

How many Safehold (SAFE) shares does Barry W. Ridings beneficially own after this transaction?

After the reported transaction, Barry W. Ridings beneficially owned 52,884 shares of Safehold common stock directly, and indirectly held 4,665, 1,775, and 1,775 shares through trusts.

Was this SAFE Form 4 transaction a purchase or a sale?

The Form 4 reports an acquisition (code A) of 33 Common Stock Equivalents at $0, reflecting a stock-based award under the directors’ deferral plan rather than an open-market purchase or sale.

Does the SAFE Form 4 show any derivative securities for Barry W. Ridings?

The Table II section for derivative securities is present but does not list any specific derivative transactions or holdings in this excerpt.