Borg Bjarne Erik Siwert 4
4 · Safe & Green Development Corp · Filed Oct 22, 2025
Insider Transaction Report
Form 4
Borg Bjarne Erik Siwert
Director10% Owner
Transactions
- Conversion
Common Stock
2025-10-13+1,090,002→ 1,212,032 total(indirect: By LLC) - Conversion
Series A Convertible Preferred Stock
2025-10-13−181,667→ 304,099 total(indirect: By LLC)→ Common Stock (1,090,002 underlying)
Footnotes (5)
- [F1]Each share of Series A Convertible Preferred Stock ("Series A Preferred") is convertible into six shares of the Issuer's common stock, par value $0.001 per share (the "Common Stock"), subject to compliance with Nasdaq rules.
- [F2]On September 29, 2025, the Issuer's stockholders approved the issuance of the Issuer's Common Stock upon the conversion of the Issuer's Series A Preferred.
- [F3]There is no expiration date related to the conversion of shares of the Issuer's Series A Preferred into shares of Issuer's Common Stock.
- [F4]Total shares of Common Stock include 1,090,006 shares of Common Stock held by Index Equity US LLC. Total shares of Series A Preferred include 303,949 shares of Series A Preferred held by Index Equity US LLC ("IEU") and 150 shares of Series A Preferred held by Index Resource Equity LLC ("IRE"). The Reporting Person is the manager of IEU and the manager of Index Management Services LLC, which is the manager of IRE.
- [F5]The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.