NYDICK JAY S 4

What Happened

• Jay S. Nydick, a director of Safehold Inc. (SAFE), was granted 8,778 Units on May 14, 2026. The Units were reported as acquired at $0.00 per unit (no cash paid) and represent the right to receive the same number of Safehold shares if and when the Units vest. The Units vest in one installment on May 14, 2027 subject to service conditions.

Key Details

• Transaction date: 2026-05-14; Filing date: 2026-05-15 (timely Form 4 filing).
• Reported acquisition: 8,778 Units at $0.00 per Unit (total cash outlay reported = $0).
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — Units convert to an equivalent number of Safehold common stock if vesting conditions are satisfied; vesting in one installment on 05/14/2027 contingent on service.
• Transaction type code: A = Award/Grant (derivative/unit grant).

Context

• These Units are a grant (a form of equity award), not an open-market purchase or sale; they only convert to actual shares if vesting conditions are met, so they do not represent immediate stock ownership or a cash investment by the director.
• Such grants are common compensation for directors and are not, by themselves, a clear bullish or bearish signal about the insider’s view of the stock.