JAY S. NYDICK - 31 Mar 2023 Form 3 Insider Report for ISTAR INC. (SAFE)

Role: Director
Signature: /s/ Jay S Nydick
Issuer symbol: SAFE
Transactions as of: 31 Mar 2023
Net transactions value: $0
Form type: 3
Filing time: 04 Apr 2023, 15:30:20 UTC
Previous filing: 07 Jun 2022
Next filing: 22 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SAFE	Common Stock						27,100	31 Mar 2023	Direct	F1, F2
holding	SAFE	Common Stock						38,046	31 Mar 2023	Trust	F1, 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	Pursuant to the Merger, the Reporting Person became a director of New Safe, each outstanding share of common stock of Safe owned by the Reporting Person was converted into one share of common stock of New SAFE, and 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.

Content

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.

Pursuant to the Merger, the Reporting Person became a director of New Safe, each outstanding share of common stock of Safe owned by the Reporting Person was converted into one share of common stock of New SAFE, and 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.