Dean S. Adler - Jun 7, 2022 Form 4 Insider Report for Safehold Inc. (SAFE)

Role
Director
Signature
/s/ Mark Kripke, as attorney-in-fact for Dean S. Adler
Stock symbol
SAFE
Transactions as of
Jun 7, 2022
Transactions value $
$0
Form type
4
Date filed
6/7/2022, 08:58 PM
Previous filing
Dec 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAFE Common Stock, par value $0.01 per share Award $0 +6.5K +13.83% $0.00 53.5K Jun 7, 2022 See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 7, 2022, the Reporting Person was granted 6,500 shares of Common Stock of Safehold Inc. (NYSE: SAFE) for his services as a Director of Safehold Inc. At the Reporting Person's direction, the shares were issued directly to SFTY VII-B, LLC ("SFTY"). The shares were fully vested on the grant date. Shares owned following the reported transaction gives effect to the transfer from Mr. Adler to SFTY of shares held by Mr. Adler for SFTY's benefit.
F2 The shares are held of record by SFTY. SFTY's sole member is Lubert-Adler Real Estate Fund VII-B, L.P. ("L-A RE Fund VII-B"). L-A RE Fund VII-B's general partner is Lubert-Adler Group VII-B, LLC ("L-A Group VII-B LLC"). L-A Group VII-B LLC's sole member is Lubert-Adler Group VII-B Holdings, L.P. ("L-A Holdings VII-B LP"). L-A Holdings VII-B LP's general partner is Lubert-Adler Group VII-B Holdings, LLC ("L-A Holdings VII-B LLC"). Mr. Adler is one of two members of L-A Holdings VII-B LLC. As a result, Mr. Adler may be deemed to share beneficial ownership of the reported shares.
F3 Mr. Adler expressly disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.