Anthony M. Cialone - 29 Sep 2025 Form 4 Insider Report for Safe & Green Development Corp (SGD)

Role: Director, 10%+ Owner
Signature: /s/ Nicolai Brune, Attorney-in-Fact
Issuer symbol: SGD
Transactions as of: 29 Sep 2025
Net transactions value: $0
Form type: 4
Filing time: 02 Oct 2025, 18:39:17 UTC
Previous filing: 11 Jul 2025
Next filing: 22 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Cialone Anthony M.	Director, 10%+ Owner	C/O SAFE AND GREEN DEVELOPMENT, CORP.,, 100 BISCAYNE BLVD., SUITE 1201, MIAMI	/s/ Nicolai Brune, Attorney-in-Fact	02 Oct 2025	0002075782

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SGD	Series A Convertible Preferred Stock	Disposed to Issuer		-422,835	-100%		0	29 Sep 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SGD	Series A Convertible Preferred Stock	Award		+422,835			422,835	29 Sep 2025	Common Stock	1,080,248		Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	At the Issuer's Annual Meeting of Stockholders held on September 29, 2025, the Issuer's stockholders approved the issuance of the Issuer's common stock, par value $0.001 per share (the "Common Stock"), upon the conversion of the Issuer's Series A Convertible Preferred Stock pursuant to the terms set forth in the Certificate of Designation of the Preferences, Rights and Limitations of Series A Convertible Preferred Stock ("Series A Preferred"). Stockholder approval of the conversion feature of the shares of Series A Preferred held by the Reporting Person is being reported herein as a disposition of a non-derivative security to the Issuer and an acquisition of a derivative security from the Issuer. There is no expiration date related to the conversion of the shares of Series A Preferred into shares of Common Stock.
F2	Each share of Series A Preferred is convertible into six shares of the Issuer's Common Stock, subject to compliance with Nasdaq rules.
F3	To maintain the Reporting Person's interest below 19.99% in accordance with Nasdaq rules, as of the date hereof, the shares of Series A Preferred held by the Reporting Person are convertible into 1,080,248 shares of the Issuer's Common Stock (notwithstanding that 422,835 shares of Series A Preferred would otherwise be convertible, at a conversion ratio of six shares of the Issuer's Common Stock for each share of Series A Preferred, into 2,537,010 shares of the Issuer's common stock).
F4	The Reporting Person received the shares of Series A Preferred from the Issuer as partial consideration for the Reporting Person's membership interest in Resource Group US Holdings LLC ("Resource Group") in connection with the Issuer's acquisition of Resource Group pursuant to the Membership Interests Purchase Agreement, dated as of February 25, 2025, as amended June 2, 2025.