4/A: Safehold Inc. Director Robin Josephs Reports Beneficial Ownership Changes Following iStar Merger

Director Robin Josephs reports changes in beneficial ownership of Safehold Inc. stock following the merger with iStar Inc., including the conversion of restricted stock units.

Summary

• This Form 4/A filing reports changes in beneficial ownership for Robin Josephs, a director of Safehold Inc. (SAFE), following the merger of Safehold Inc. (Old Safe) with iStar Inc.
• The merger closed on March 31, 2023, with iStar Inc. surviving and changing its name to Safehold Inc. (New SAFE).
• Each share of Old Safe common stock was converted into one share of New SAFE common stock.
• Each share of iStar common stock was reverse split and converted into 0.160 of a share of New SAFE common stock.
• Josephs held 10,000 Old Safe restricted stock units, which converted into New Safe restricted stock units in connection with the merger.
• These units will settle in a trust in five equal annual installments starting July 1, 2027, and continuing through July 1, 2031.
• The reported transactions reflect the shares of New SAFE common stock owned on the merger closing date, March 31, 2023.
• This Form 4A amends a Form 4 filed on April 4, 2023, that incorrectly excluded this transaction.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. The merger itself could be viewed positively or negatively depending on investor perspective, but the filing itself is simply a procedural update.

Industry Context

This filing is a routine disclosure related to a corporate merger, ensuring transparency in the ownership changes of key personnel within Safehold Inc.

Stakeholder Impact

• Shareholders are informed about the changes in beneficial ownership of a key director following the merger.

Key Dates