Safehold director Josephs acquires 487 stock equivalents

The plan credits additional CSEs when dividends are declared and paid, with each CSE convertible into one Safehold common share.

Rhea-AI Filing Summary

Safehold Inc. director Robin Josephs acquired 487 Common Stock Equivalents (CSEs) on October 15, 2026, under the Non-Employee Directors' Deferral Plan. Each CSE is convertible one-for-one into Safehold common stock. Position entries list 89,555 common shares held directly, 3,107 shares through an IRA, and 64,696 shares through a family trust.

Insider Trade Summary

Grant/Award: 487 shares

Grant/Award 3 txns

Insider JOSEPHS ROBIN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	487	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 89,555 shares (Direct); Common Stock — 3,107 shares (Indirect, By IRA); Common Stock — 64,696 shares (Indirect, By Family Trust)

Footnotes (1)

1. F1. On October 15, 2026, the Reporting Person acquired 487 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.

Key Figures

CSEs acquired: 487 CSEs CSE conversion ratio: One-for-one Direct common shares: 89,555 shares +2 more

5 metrics

CSEs acquired 487 CSEs October 15, 2026

CSE conversion ratio One-for-one Each CSE is convertible into Safehold common stock

Direct common shares 89,555 shares Reported following the transaction

Common shares held through IRA 3,107 shares Holding entry dated October 15, 2026

Common shares held through family trust 64,696 shares Holding entry dated October 15, 2026

Key Terms

Common Stock Equivalents, Non-Employee Directors' Deferral Plan, one-for-one basis

3 terms

Common Stock Equivalents financial

"acquired 487 Common Stock Equivalents (CSEs)"

Common stock equivalents are financial instruments that can be converted into common shares or have a similar effect on a company's stock ownership, such as stock options or convertible bonds. They matter to investors because they can increase the total number of shares outstanding, potentially diluting existing ownership and affecting the company's stock value. Recognizing these equivalents helps investors understand the true potential for future share issuance and company ownership structure.

Non-Employee Directors' Deferral Plan financial

"provisions of the Non-Employee Directors' Deferral Plan"

one-for-one basis financial

"convertible on a one-for-one basis"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many SAFE CSEs did Robin Josephs acquire?

Robin Josephs acquired 487 Common Stock Equivalents on October 15, 2026. The acquisition was under the Non-Employee Directors' Deferral Plan, and each CSE is convertible one-for-one into Safehold common stock.

How do Safehold director-plan CSEs receive dividend credits?

Under the Non-Employee Directors' Deferral Plan, as dividends are declared and paid on Safehold common stock, outstanding CSE holdings are credited with additional CSEs based on the dividend amount and the value of a Safehold common share on the dividend date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/19/2026 - 04:20 PM EDT Accepted by SEC EDGAR 10/19/2026 - 04:20 PM EDT Learn about SEC filing dates

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)

ONE PENN PLAZA, 51ST FLOOR

(Street)

NEW YORK NEW YORK 10119

(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)
10/15/2026

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	10/15/2026		A		487	A(1)	$0	89,555	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 October 15, 2026, the Reporting Person acquired 487 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	10/19/2026
	** 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)