Safehold director granted 8,778 stock units

Safehold Inc. director Robin Josephs reported an equity compensation grant and updated indirect holdings.

Rhea-AI Filing Summary

Safehold Inc. director Robin Josephs reported an equity compensation grant and updated indirect holdings. Josephs received 8,778 Units, each representing the right to receive one share of Safehold common stock if the Units vest. These Units vest in a single installment on May 14, 2027, subject to specified service conditions.

After the grant, Josephs directly holds 98,233 shares of common stock. Indirect holdings include 64,696 shares held by a family trust and 3,107 shares held in an IRA. The filing does not show any open-market purchases or sales, only a grant/award acquisition and updated holdings.

Insights

Equity compensation analyst

Filing shows a routine director equity grant with no open‑market trading.

The disclosure centers on an award of 8,778 Units to Robin Josephs, each convertible into one Safehold common share upon vesting on May 14, 2027, assuming service conditions are satisfied. The price per Unit is reported as $0.00, consistent with a compensation grant rather than a purchase.

The filing also lists updated indirect holdings via a family trust and an IRA, along with 98,233 directly held shares. With no buys or sells and no derivative exercises reported, this looks like standard board compensation and position reporting, carrying neutral informational value for investors.

Insider Trade Summary

Grant/Award: 8,778 shares

Grant/Award 3 txns

Insider JOSEPHS ROBIN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	8,778	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 98,233 shares (Direct); Common Stock — 3,107 shares (Indirect, By IRA); Common Stock — 64,696 shares (Indirect, By Family Trust)

Footnotes (1)

1. F1. The Reporting Person has been granted 8,778 Units, representing the right to receive an equivalent number of common stock of Safehold Inc. if and when the Units vest. The Units will vest in one installment on May 14, 2027, if certain service conditions have been satisfied.

Key Figures

Equity Units Granted: 8,778 Units Grant Price: $0.00 per Unit Direct Shares After Grant: 98,233 shares +2 more

5 metrics

Equity Units Granted 8,778 Units Right to one common share per Unit, vesting May 14, 2027

Grant Price $0.00 per Unit Compensation-related equity award, not an open-market purchase

Direct Shares After Grant 98,233 shares Safehold common stock directly held by Robin Josephs

Family Trust Indirect Shares 64,696 shares Safehold common stock held by family trust

IRA Indirect Shares 3,107 shares Safehold common stock held in IRA

Key Terms

Units, vest, Family Trust, IRA, +1 more

5 terms

Units financial

"The Reporting Person has been granted 8,778 Units, representing the right to receive an equivalent number of common stock"

Units are bundled securities sold as one package in a financing—commonly a share paired with an instrument that gives the holder the right to buy more shares later. For investors this matters because a unit’s extra component can change future supply of shares and potential returns, similar to buying a combo with a coupon that can be redeemed later and alter what you actually receive and what others might own.

vest financial

"The Units will vest in one installment on May 14, 2027, if certain service conditions have been satisfied"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Family Trust financial

"total_shares_following_transaction": "64696.0000", "direct_or_indirect": "I", "nature_of_ownership": "By Family Trust""

IRA financial

"total_shares_following_transaction": "3107.0000", "direct_or_indirect": "I", "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.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

FAQ

What did Safehold (SAFE) director Robin Josephs receive in this Form 4 filing?

Robin Josephs received a grant of 8,778 Units, each representing the right to one Safehold common share upon vesting. The Units vest in a single installment on May 14, 2027, if specified service conditions are met, and carry a reported grant price of $0.00.

When do Robin Josephs’ newly granted Safehold (SAFE) Units vest?

All 8,778 Units granted to director Robin Josephs vest on May 14, 2027, in one installment. Vesting depends on satisfying certain service conditions, meaning Josephs must meet those criteria to receive the underlying Safehold common shares represented by the Units.

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

After the reported grant, Robin Josephs directly holds 98,233 Safehold common shares. In addition, a family trust holds 64,696 shares and an IRA holds 3,107 shares, both reported as indirect ownership positions in the same Form 4 filing.

Does this Safehold (SAFE) Form 4 show any open-market stock purchases or sales?

The Form 4 does not report any open-market purchases or sales of Safehold stock by Robin Josephs. It shows a compensation-related grant of 8,778 Units at $0.00 per Unit and two entries updating indirect share holdings through a family trust and an IRA.

What is the nature of Robin Josephs’ indirect ownership of Safehold (SAFE) shares?

Indirect ownership arises from shares held in separate accounts linked to the reporting person. The Form 4 lists 64,696 Safehold shares held by a family trust and 3,107 shares held in an IRA, both reported as indirect holdings associated with director Robin Josephs.

How is the 8,778-Unit grant to Robin Josephs classified in the Safehold (SAFE) Form 4?

The 8,778-Unit grant is classified under transaction code A, described as a grant, award, or other acquisition. It is a non-derivative equity award with a $0.00 grant price, typical of director compensation rather than a market purchase of Safehold common stock.

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Accepted by SEC EDGAR 05/15/2026 - 05:55 PM 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)

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)
05/14/2026

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	05/14/2026		A		8,778	A(1)	$0	98,233	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. The Reporting Person has been granted 8,778 Units, representing the right to receive an equivalent number of common stock of Safehold Inc. if and when the Units vest. The Units will vest in one installment on May 14, 2027, if certain service conditions have been satisfied.

	/s/ Austin Lee, as Attorney-in-Fact for Robin Josephs	05/15/2026
	** 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)