Brett Asnas - Mar 31, 2023 Form 4 Insider Report for Star Holdings (STHO)

Signature
/s/ Brett Asnas
Stock symbol
STHO
Transactions as of
Mar 31, 2023
Transactions value $
$0
Form type
4
Date filed
4/17/2023, 02:47 PM
Previous filing
Mar 22, 2023
Next filing
May 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STHO Common Shares of Beneficial Interest Other $0 +8.38K $0.00 8.38K Mar 31, 2023 Direct 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, 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).
F2 Prior to the effective date of the Merger and in connection with the Merger, iStar separated its remaining legacy non-ground lease assets and businesses and certain other assets into a separate public company ("Star Holdings") by distributing to iStar's stockholders the issued and outstanding equity interests of Star Holdings (the "Spin-Off"), at a ratio of 0.153 Star Holdings common shares of beneficial interest for each iStar share of common stock. The Reporting Person acquired Star Holdings common shares of beneficial interest in the Spin-Off.