| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | SAFE | Common Stock | 13.5M | Mar 31, 2023 | Direct |
On March 31, 2023, pursuant to an Agreement and Plan of Merger, dated August 10, 2022 (the "Merger Agreement"), iStar Inc. ("iStar") and Safehold Inc. ("SAFE)" completed the merger of SAFE with and into iStar ("Merger") with iStar surviving the Merger and changing its name to Safehold Inc. ("New SAFE"; NYSE: SAFE). Prior to the effective date of the Merger and in connection with the Merger, iStar contributed 13,522,651 shares of SAFE common stock to the Reporting Person, a subsidiary of iStar, which was subsequently spun off to iStar's stockholders on March 31, 2023. In the Merger, the Reporting Person acquired 13,522,651 shares of common stock of New SAFE through the conversion of each outstanding share of SAFE common stock into one share of common stock of New SAFE. The foregoing descriptions of the Merger and the Merger Agreement do not purport to be complete and are qualified entirely by reference to the Merger Agreement, a copy of which is included as an exhibit to Schedule 13D, Amendment No. 26, dated April 4, 2023 filed by iStar.