SAFE BULKERS director reports initial share holdings

SAFE BULKERS, INC. director Frank V. Sica filed an initial ownership report showing his existing stake in the company.

Rhea-AI Filing Summary

SAFE BULKERS, INC. director Frank V. Sica filed an initial ownership report showing his existing stake in the company. He directly holds 371,160 shares of Common Stock, 1,752 shares of 8.00% Series C Cumulative Redeemable Preferred Shares, and 10,000 shares of 8.00% Series D Cumulative Redeemable Preferred Shares.

The filing lists holdings only, with no reported purchases, sales, or derivative positions. It establishes a baseline of Sica’s direct equity and preferred interests as a board member, helping investors understand how much of the company he already owns.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider SICA FRANK V

Role Director

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--
holding	8.00% Series C Cumulative Redeemable Preferred Shares	--	--	--
holding	8.00% Series D Cumulative Redeemable Preferred Shares	--	--	--

Holdings After Transaction: Common Stock — 371,160 shares (Direct); 8.00% Series C Cumulative Redeemable Preferred Shares — 1,752 shares (Direct); 8.00% Series D Cumulative Redeemable Preferred Shares — 10,000 shares (Direct)

FAQ

What does the SAFE BULKERS (SB) Form 3 filing by Frank V. Sica show?

The Form 3 shows director Frank V. Sica’s existing ownership in SAFE BULKERS. He directly holds 371,160 Common Stock shares plus 8.00% Series C and Series D preferred shares, establishing a baseline of his stake when he became a reporting insider.

How many SAFE BULKERS (SB) common shares does Frank V. Sica own?

Frank V. Sica directly owns 371,160 shares of SAFE BULKERS Common Stock. This position is reported as a holding entry, not a new purchase or sale, and reflects his equity stake as disclosed in the initial insider ownership report.

What preferred shares of SAFE BULKERS (SB) does Frank V. Sica hold?

Frank V. Sica holds 1,752 shares of 8.00% Series C Cumulative Redeemable Preferred Shares and 10,000 shares of 8.00% Series D Cumulative Redeemable Preferred Shares, all directly owned, according to the Form 3 initial ownership disclosure.

Does the SAFE BULKERS (SB) Form 3 report any insider buying or selling?

The Form 3 does not report any insider buying or selling activity. It lists only holding entries for Common Stock and preferred shares, with no transaction codes indicating purchases, sales, exercises, gifts, or other dispositions.

Why is this SAFE BULKERS (SB) Form 3 filing important for investors?

The filing establishes how many shares director Frank V. Sica already owns in SAFE BULKERS. Knowing an insider’s existing Common and preferred holdings helps investors gauge the scale of his financial alignment with shareholders at the time of reporting.

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

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Accepted by SEC EDGAR 03/18/2026 - 07:48 PM Learn about SEC filing dates

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

SICA FRANK V

(Last) (First) (Middle)

APT. D11 LES ACANTHES

6, AVENUE DES CITRONNIERS

(Street)

MONACO MC 98000

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
SAFE BULKERS, INC. [ SB ]

3a. Foreign Trading Symbol

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

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

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	371,160	D
8.00% Series C Cumulative Redeemable Preferred Shares	1,752	D
8.00% Series D Cumulative Redeemable Preferred Shares	10,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

EX-24 - Power of Attorney

	/s/ Frank V Sica	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)