Robin Josephs - Mar 31, 2023 Form 4 Insider Report for ISTAR INC. (SAFE)

Role
Director
Signature
/s/ Robin Josephs
Stock symbol
SAFE
Transactions as of
Mar 31, 2023
Transactions value $
$0
Form type
4
Date filed
4/4/2023, 02:10 PM
Previous filing
Sep 16, 2022
Next filing
Jun 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAFE Common Stock Other $0 +1.78K +209.17% $0.00 2.63K Mar 31, 2023 Direct F1, F2
transaction SAFE Common Stock Other $0 +27.2K +43.36% $0.00 90.1K Mar 31, 2023 By Family Trusts F1
transaction SAFE Common Stock Other $0 +2.1K +209.15% $0.00 3.11K Mar 31, 2023 By IRA
transaction SAFE Common Stock Equivalents Other $0 +17.8K $0.00 17.8K Mar 31, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 on March 31, 2023, the Merger closing date.
F2 The Reporting Person holds a total of 17,799 Common Stock Equivalents ("CSEs") previously awarded under the iStar Inc. Non-Employee Directors Deferral Plan ("Plan"), all of which are vested. The obligation to settle CSEs has been assumed by SAFE. Under the Plan, on the regular distribution date, vested CSEs will be settled by the transfer of shares of SAFE Common Stock to the Reporting Person. The "regular distribution date" under the Plan is the earlier of: (1) January 1 on or next following the earlier of (i) the date the participant ceases to be a non-employee director; and (ii) the date of the participant's death; and (2) a change of control (as defined in the Plan). A Plan participant, under certain limited circumstances, is permitted to elect to receive distributions at times other than the regular distribution date.