RIDINGS BARRY W 4

What Happened
Barry W. Ridings, a director of Safehold Inc. (SAFE), received a grant of 8,778 Units on May 14, 2026. The Units were granted at $0.00 (no cash paid) and represent the right to receive an equivalent number of Safehold common shares if and when the Units vest. The grant was reported on an SEC Form 4 filed May 15, 2026.

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-15 (filed one day after the grant).
• Transaction type/code: Award/Grant (A); shares involved: 8,778 Units; price per unit: $0.00.
• Vesting: Units vest in one installment on May 14, 2027, subject to satisfaction of service conditions (see footnote F1).
• Shares owned after transaction: not specified in the provided filing details.
• Footnote F1: Units convert to an equivalent number of common shares upon vesting if service conditions are met.
• No 10b5-1 plan, tax withholding, or sale reported in this filing.

Context
This was a compensation/retention award, not an open-market purchase or sale. Because the grant is subject to future vesting, it does not represent immediate ownership of shares and carries standard service-based vesting risk—if the vesting conditions aren’t met, the Units may not convert to shares. Such awards are common for directors and management and are typically part of long-term incentive or retention programs.