Safehold (SAFE) Director JOSEPHS ROBIN Receives 335-Share Award

What Happened
JOSEPHS ROBIN, a director of Safehold Inc. (SAFE), acquired 335 Common Stock Equivalents (CSEs) on July 15, 2026. The filing reports 335 shares at $0.00 (transaction code A — award/acquisition). The filing lists a $0 acquisition price because these CSEs were granted/credited under the company’s Non-Employee Directors' Deferral Plan rather than purchased in the open market.

Key Details

• Transaction date: 2026-07-15; filed with the SEC on 2026-07-17 (appears timely, within typical Form 4 filing window).
• Reported transaction: 335 CSEs, acquisition code A, price $0.00; total reported cash value $0.
• Shares owned after the transaction: not specified in the provided filing summary.
• Footnote: Under the Non-Employee Directors' Deferral Plan, the Reporting Person received 335 CSEs; CSEs are credited with additional CSEs as dividends are declared and are convertible one-for-one into Safehold common stock.
• Filing status: No late filing indicated.

Context
Common Stock Equivalents are a form of deferred compensation that convert on a one-for-one basis into common shares and accrue dividend equivalents; they are not the same as an open-market purchase and typically reflect routine director compensation elections or dividend reinvestment rather than a direct cash investment signal. This transaction was made by a director (not a 10% owner), and the filing does not indicate immediate sale or other disposition.