Safe & Green Development Corp — Director's Dealing 2025

Oct 22, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Safe & Green Development Corp (SGD)
CIK: 0001959023
Period of Report: 2025-10-13

Reporting Person: Borg Bjarne Erik Siwert (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-13	Common Stock	C	1090002	—	Acquired	1212032	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-10-13	Series A Convertible Preferred Stock	$	C	181667	Disposed		Common Stock (1090002)	Indirect

Footnotes

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.