Safehold Inc. — Director's Dealing 2022

Jan 3, 2022

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ISTAR INC. (STAR)
CIK: 0001095651
Period of Report: 2021-12-31

Reporting Person: RIDINGS BARRY W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-15	Common Stock Equivalents	$0	A	50	Acquired		Common Stock (50)	Direct
2021-09-15	Common Stock Equivalents	$0	A	36	Acquired		Common Stock (36)	Direct
2021-12-15	Common Stock Equivalents	$0	A	40	Acquired		Common Stock (40)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.001 per share	104795	Direct

Footnotes

F1: On June 15, 2021, the Reporting Person received 50 Common Stock Equivalents, or CSEs, in accordance with the provisions of the iStar Inc. Non-Employee Directors' Deferral Plan (Plan). Under the Plan, as dividends are declared and paid on iStar common stock, the Reporting Person's holdings of outstanding CSEs are credited with additional CSEs based on the amount of the dividend and the value of a share of iStar common stock on the dividend date.

F2: On September 15, 2021, the Reporting Person received 36 CSEs in accordance with the provisions of the Plan. Under the Plan, as dividends are declared and paid on iStar common stock, the Reporting Person's holdings of outstanding CSEs are credited with additional CSEs based on the amount of the dividend and the value of a share of iStar common stock on the dividend date.

F3: On December 15, 2021, the Reporting Person received 40 CSEs in accordance with the provisions of the Plan. Under the Plan, as dividends are declared and paid on iStar common stock, the Reporting Person's holdings of outstanding CSEs are credited with additional CSEs based on the amount of the dividend and the value of a share of iStar common stock on the dividend date.

F4: Following the transactions reported herein, the Reporting Person holds a total of 7,454 CSEs granted pursuant to the Plan, all of which are vested, which are owned directly. Under the Plan, on the regular distribution date, vested CSEs will be settled by the transfer of shares of iStar Common Stock to the participant. The "regular distribution date" for distributions to Plan participants is the earlier of: (1) January 1 on or next following the earlier of (i) the date the participant ceases to be a non-employee director; and (ii) the date of the participant's death; and (2) a change of control (as defined in the Plan). A participant, under certain limited circumstances, is permitted to elect to receive distributions at times other than the regular distribution date.