Safehold (SAFE) director Robin Josephs granted 359 stock equivalents via plan

Rhea-AI Filing Summary

Safehold Inc. director Robin Josephs reported a small equity award under a deferral plan. On April 15, 2026, Josephs acquired 359 Common Stock Equivalents (CSEs) through the Non-Employee Directors' Deferral Plan, where dividends are automatically credited as additional CSEs. Each CSE is convertible on a one-for-one basis into Safehold Inc. common stock. After this award, Josephs directly holds 89,455 shares, with additional indirect holdings through an IRA and a family trust.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider JOSEPHS ROBIN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	359	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 89,455 shares (Direct); Common Stock — 3,107 shares (Indirect, By IRA)

Footnotes (1)

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Key Figures

CSEs acquired: 359 CSEs Direct holdings after transaction: 89,455 shares Indirect IRA holdings: 3,107 shares +2 more

5 metrics

CSEs acquired 359 CSEs Award credited on April 15, 2026

Direct holdings after transaction 89,455 shares Common stock directly held by Robin Josephs

Indirect IRA holdings 3,107 shares Common stock held indirectly by IRA

Indirect Family Trust holdings 64,696 shares Common stock held indirectly by Family Trust

Award price per share $0.00 per share Grant/award acquisition with no cash price

Key Terms

Non-Employee Directors' Deferral Plan, Common Stock Equivalents (CSEs), IRA, Family Trust

4 terms

Non-Employee Directors' Deferral Plan financial

"in accordance with the provisions of the Non-Employee Directors' Deferral Plan (Plan)"

Common Stock Equivalents (CSEs) financial

"acquired 359 Common Stock Equivalents (CSEs) in accordance with the provisions"

IRA financial

"nature_of_ownership": "By IRA""

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

Family Trust financial

"nature_of_ownership": "By Family Trust""

Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

JOSEPHS ROBIN

(Last) (First) (Middle)

1114 AVENUE OF THE AMERICAS, 39TH FLR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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

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

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

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	04/15/2026		A		359	A(1)	$0	89,455	D
Common Stock								3,107	I	By IRA
Common Stock								64,696	I	By Family 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 April 15, 2026, the Reporting Person acquired 359 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 Robin Josephs	04/17/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Safehold (SAFE) director Robin Josephs report?

Director Robin Josephs reported acquiring 359 Common Stock Equivalents (CSEs) on April 15, 2026. These were credited under a deferral plan when dividends were paid, and each CSE can convert into one share of Safehold Inc. common stock.

How did Robin Josephs receive the 359 CSEs in Safehold (SAFE)?

Josephs received 359 CSEs automatically through the Non-Employee Directors' Deferral Plan. When Safehold Inc. declares and pays dividends, the plan credits additional CSEs based on the dividend amount and the stock’s value on the dividend date.

What are Common Stock Equivalents (CSEs) in the Safehold (SAFE) filing?

Common Stock Equivalents (CSEs) are units credited under a deferral plan that mirror Safehold’s common stock. In this case, each CSE is convertible on a one-for-one basis into a share of Safehold Inc. common stock, effectively functioning as deferred stock-based compensation.

How many Safehold (SAFE) shares does Robin Josephs hold after this transaction?

Following the April 15, 2026 award, Josephs directly holds 89,455 Safehold common shares. The filing also shows additional indirect holdings of 3,107 shares via an IRA and 64,696 shares via a family trust, reported as separate ownership categories.

Is the Safehold (SAFE) Form 4 transaction an open-market stock purchase?

No, the transaction is a grant or award acquisition coded as “A,” not an open-market purchase. The 359 CSEs were credited under the Non-Employee Directors' Deferral Plan as a function of dividends, with no cash price per share reported in the filing.