Clifford Desouza - 31 Mar 2023 Form 4 Insider Report for ISTAR INC. (SAFE)

Role
Director
Signature
/s/ Clifford De Souza
Issuer symbol
SAFE
Transactions as of
31 Mar 2023
Net transactions value
$0
Form type
4
Filing time
04 Apr 2023, 13:55:10 UTC
Previous filing
12 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAFE Common Stock Other $0 +13,489 +133% $0.000000 23,595 31 Mar 2023 Direct F1, F2
transaction SAFE Common Stock Other $0 +10,106 +75% $0.000000 23,595 31 Mar 2023 Direct F1, F2
transaction SAFE Common Stock Other $0 +1,754 $0.000000 1,754 31 Mar 2023 By Family Trust F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Clifford Desouza is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On March 31, 2023, the merger (the "Merger") of Safehold Inc. ("Safe") with and into iStar Inc. ("iStar") closed, with iStar Inc. surviving the Merger and changing its name to Safehold Inc. ("New SAFE"; NYSE: SAFE). In the Merger and related transactions, (1) each outstanding share of common stock of Safe was converted into one share of common stock of New SAFE, and (2) each outstanding share of common stock of iStar was reverse split and converted into 0.160 of a share of common stock of New SAFE. The amount of securities beneficially owned following the reported transactions represents the shares of New SAFE common stock owned by the Reporting Person on March 31, 2023, the Merger closing date following conversion of iStar shares and Safe shares that were owned by the Reporting Person.
F2 The Reporting Person, who was serving as a director of iStar at the time of the Merger, is not a director of New Safe as of the Merger closing date.