Safehold Inc. — Director's Dealing 2021

May 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Safehold Inc. (SAFE)
CIK: 0001688852
Period of Report: 2021-04-27

Reporting Person: ISTAR INC. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-27	Common stock, $0.01 par value per share	J	50418	—	Acquired	34993591	Direct
2021-05-12	Common stock, $0.01 par value per share	P	14811	$67.51	Acquired	34993591	Direct
2021-05-12	Common stock, $0.01 par value per share	P	11205	$67.54	Acquired	34993591	Direct
2021-05-13	Common stock, $0.01 par value per share	P	14419	$69.35	Acquired	34993591	Direct
2021-05-14	Common stock, $0.01 par value per share	P	14312	$69.87	Acquired	34993591	Direct
2021-05-17	Common stock, $0.01 par value per share	P	14433	$69.28	Acquired	34993591	Direct
2021-05-18	Common stock, $0.01 par value per share	P	14311	$69.87	Acquired	34993591	Direct
2021-05-19	Common stock, $0.01 par value per share	P	14855	$67.32	Acquired	34993591	Direct
2021-05-20	Common stock, $0.01 par value per share	P	14818	$67.48	Acquired	34993591	Direct
2021-05-21	Common stock, $0.01 par value per share	P	14459	$69.16	Acquired	34993591	Direct

Footnotes

F1: On April 27, 2021, the Reporting Person acquired 50,418 shares of common stock of Safehold Inc. (NYSE:SAFE) in payment of the quarterly management fee due for the 1st quarter 2021 pursuant to the Management Agreement between SAFE and SFTY Manager LLC, a wholly-owned subsidiary of the Reporting Person.

F2: On May 12-14 and May 17-21, 2021, the Reporting Person acquired a total of 127,623 shares of common stock of SAFE in open market transactions conducted under a "written plan for trading securities" within the meaning of Rule 10b5-1 promulgated under the Securities and Exchange Act of 1934, as amended.