Safehold (SAFE) director gains 33 stock equivalents under deferral plan

Rhea-AI Filing Summary

Safehold Inc. director Barry W. Ridings reported a small equity-based award tied to his board compensation. On April 15, 2026, he acquired 33 Common Stock Equivalents (CSEs) under the Non-Employee Directors' Deferral Plan, credited as stock-based units when dividends are paid.

Each CSE is convertible on a one-for-one basis into Safehold common shares. Following this award, Ridings directly holds 52,917 shares of common stock, and also has indirect holdings through trusts reported as 4,665 shares and two additional trust positions of 1,775 shares each.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider RIDINGS BARRY W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	33	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 52,917 shares (Direct); Common Stock — 4,665 shares (Indirect, by Trust)

Footnotes (1)

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Key Figures

CSEs acquired: 33 CSEs Direct shares after transaction: 52,917 shares Indirect trust holding 1: 4,665 shares +3 more

6 metrics

CSEs acquired 33 CSEs Award under Non-Employee Directors' Deferral Plan on April 15, 2026

Direct shares after transaction 52,917 shares Direct Safehold common stock held by Barry W. Ridings after award

Indirect trust holding 1 4,665 shares Indirect ownership by trust reported in Form 4

Indirect trust holding 2 1,775 shares First additional trust position reported as indirect ownership

Indirect trust holding 3 1,775 shares Second additional trust position reported as indirect ownership

Transaction date April 15, 2026 Date CSEs were credited under the deferral plan

Key Terms

Common Stock Equivalents (CSEs), Non-Employee Directors' Deferral Plan, dividends are declared and paid, convertible on a one-for-one basis

4 terms

Common Stock Equivalents (CSEs) financial

"the Reporting Person acquired 33 Common Stock Equivalents (CSEs) in accordance with the provisions"

Non-Employee Directors' Deferral Plan financial

"in accordance with the provisions of the Non-Employee Directors' Deferral Plan (Plan)"

dividends are declared and paid financial

"Under the Plan, as dividends are declared and paid on Safehold Inc. common stock"

convertible on a one-for-one basis financial

"Each CSE is convertible on a one-for-one basis into shares of Safehold Inc. common stock"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RIDINGS BARRY W

(Last) (First) (Middle)

1114 AVE OF THE AMERICAS 39TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Safehold Inc. [ SAFE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/15/2026		A		33	A(1)	$0	52,917	D
Common Stock								4,665	I	by Trust
Common Stock								1,775	I	by Trust
Common Stock								1,775	I	by Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On April 15, 2026, the Reporting Person acquired 33 Common Stock Equivalents (CSEs) in accordance with the provisions of the Non-Employee Directors' Deferral Plan (Plan). Under the Plan, as dividends are declared and paid on Safehold Inc. common stock, the Reporting Person's holdings of outstanding CSEs are credited with additional CSEs based on the amount of the dividend and the value of a share of Safehold Inc. Common Stock on the dividend date. Each CSE is convertible on a one-for-one basis into shares of Safehold Inc. common stock.

	/s/ Austin Lee, as Attorney-in-Fact for Barry Ridings	04/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Safehold (SAFE) director Barry W. Ridings report in this Form 4?

Barry W. Ridings reported acquiring 33 Common Stock Equivalents under Safehold’s Non-Employee Directors' Deferral Plan. These CSEs are credited as part of his board compensation when dividends are paid and can later convert one-for-one into Safehold common shares.

Is Barry W. Ridings buying or selling Safehold (SAFE) stock in the market?

He is not buying or selling in the open market. The filing shows a grant-type acquisition of 33 Common Stock Equivalents under a deferral plan, awarded as stock-based compensation linked to dividends rather than a discretionary market trade.

How many Safehold (SAFE) shares does Barry W. Ridings hold directly after this transaction?

After the reported award, Barry W. Ridings directly holds 52,917 shares of Safehold common stock. This figure reflects his direct ownership position reported in the Form 4 as of the April 15, 2026 transaction date.

What are Common Stock Equivalents (CSEs) in Safehold’s filing for SAFE?

Common Stock Equivalents are stock-based units credited under Safehold’s Non-Employee Directors' Deferral Plan. When dividends are declared, additional CSEs are added, and each CSE is convertible on a one-for-one basis into Safehold common stock at a future time.

Does Barry W. Ridings have indirect holdings of Safehold (SAFE) shares?

Yes. The Form 4 lists indirect ownership through trusts, including 4,665 shares and two separate trust positions of 1,775 shares each. These trust-held shares are reported as indirect ownership in addition to his directly held shares.

How are dividends related to Barry W. Ridings’ new Safehold (SAFE) CSEs?

Under the deferral plan, when Safehold declares and pays dividends on its common stock, Ridings’ outstanding CSEs are credited with additional CSEs. The number added depends on the dividend amount and the Safehold share value on the dividend date.