3 unchanged sentences
Both the Chief Executive Officer and the Chief Financial Officer are members of the disclosure committee.
−Removed: Based upon their evaluation as of December 31, 2024, the Chief Executive Officer and the Chief Financial Officer concluded that the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) under the Securities and Exchange Act of 1934, as amended (the "Exchange Act")) are effective.
+Added: Based upon their evaluation as of December 31, 2025, the Chief Executive Officer and the Chief Financial Officer concluded that the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) under the Securities and Exchange Act of 1934, as amended (the "Exchange Act")) were effective.
Management’s Report on Internal Control Over Financial Reporting —Management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Exchange Act Rule 13a-15(f).
1 unchanged sentence
Based on management’s assessment under the framework in Internal Control—Integrated Framework , management has concluded that its internal control over financial reporting was effective as of December 31, 2025.
−Removed: The Company’s effectiveness of internal control over financial reporting as of December 31, 2024 has been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their report, which is included in Item 8 of this Annual Report on Form 10-K.
+Added: Deloitte & Touche LLP, an independent registered public accounting firm that audited our financial statements, which are included in Item 8 of this Annual Report on Form 10-K, has issued an attestation report on the Company’s internal control over financial reporting, which is included in Item 8 of this Annual Report on Form 10-K.
Changes in Internal Controls Over Financial Reporting —There have been no changes during the last fiscal quarter in the Company’s internal controls identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.
47 unchanged sentences
Credit Agreement, dated as of April 12, 2024, among Safehold Inc., as guarantor, Safehold GL Holdings LLC, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions party thereto as lenders, agents, arrangers and bookrunners (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K, filed April 15, 2024) .
+Added: First Amendment, dated September 12, 2025, to the Credit Agreement among Safehold Inc., as guarantor, Safehold GL Holdings LLC, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions party thereto as lenders, agents, arrangers and bookrunners (incorporated by reference to Exhibit 10.1 to our Form 10-Q for the quarter ended September 30, 2025, filed on November 6, 2025).
+Added: Second Amendment to Credit Agreement, dated as of December 5, 2025, among Safehold Inc., as guarantor, Safehold GL Holdings LLC, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions party thereto as lenders, agents, arrangers and bookrunners (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K, filed December 5, 2025).
Loan Agreement, dated as of March 30, 2017, among Barclays Bank PLC, JPMorgan Chase Bank, National Association and Bank of America, N.A., Safehold Inc.
13 unchanged sentences
and Star Holdings (incorporated by reference to Exhibit 10.12 to our Current Report on Form 8-K, filed April 4, 2023).
+Added: First Amendment to Management Agreement, dated as of March 28, 2025, by and between Safehold Management Services Inc.
+Added: and Star Holdings (incorporated by reference to Exhibit 10.2 to our Current Report on Form 8-K, filed March 31, 2025).
Governance Agreement, dated as of March 31, 2023, by and between Safehold Inc.
2 unchanged sentences
First Amendment to Amended and Restated Credit Agreement, dated as of October 4, 2023, by and between Star Holdings, as borrower, and Safehold Inc., as lender (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K, filed on October 6, 2023)
+Added: Second Amendment to Amended and Restated Credit Agreement, dated as of March 28, 2025, by and between Safehold Inc., as lender, and Star Holdings, as borrower (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K, filed March 31, 2025).
Stockholder’s Agreement, between Safety, Income and Growth, Inc., and SFTY Venture LLC (incorporated by reference to Exhibit 10.15 to our Current Report on Form 8-K, filed April 4, 2023).
+Added: Credit Agreement, dated as of November 25, 2025, among Safehold Inc., as guarantor, Safehold GL Holdings LLC, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions party thereto as lenders, arrangers and bookrunners (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K, filed November 26, 2025).
Registration Rights Agreement, among Safety, Income and Growth, Inc., SFTY Venture LLC and SFTY VII-B, LLC (incorporated by reference to Exhibit 10.16 to our Current Report on Form 8-K, filed April 4, 2023).
6 unchanged sentences
Form of Restricted Stock Unit Award (incorporated by reference to Exhibit 10.19 to our Current Report on Form 8-K, filed April 4, 2023).
+Added: Form of Inducement Restricted Stock Units Award Agreement (Shareholder Success Plan) (incorporated by reference to Exhibit 4.2 to our Registration Statement on Form S-8, filed December 1, 2025).
+Added: Form of Inducement Restricted Stock Units Award Agreement (Affordable Housing Plan) (incorporated by reference to Exhibit 4.2 to our Registration Statement on Form S-8, filed December 1, 2025).
+Added: Form of Inducement Restricted Stock Units Award Agreement (Signing Bonus) (incorporated by reference to Exhibit 4.2 to our Registration Statement on Form S-8, filed December 1, 2025).
+Added: Employment Letter, dated as of October 22, 2025, between Safehold Inc.
+Added: and Michael Trachtenberg
+Added: Safehold Inc.
+Added: Executive Change in Control Severance Plan
Omnibus Assignment, Assumption and Amendment Agreement, dated as of March 31, 2023, by and among Safehold Inc., CARET Ventures LLC, Caret Management LLC, and Safehold GL Holdings LLC (incorporated by reference to Exhibit 10.20 to our Current Report on Form 8-K, filed April 4, 2023).
8 unchanged sentences
Safehold Inc.
−Removed: Insider Trading Compliance Policy and Procedures
+Added: Insider Trading Compliance Policy and Procedures (incorporated by reference to Exhibit 19.1 to our Annual Report on Form 10-K filed February 6, 2025).
Subsidiaries of the Company
8 unchanged sentences
Filed herewith.
+Added: Furnished herewith.
Ù In accordance with Rule 406T of Regulation S-T, the Inline XBRL related information in Exhibit 101 is deemed not filed or part of a registration statement or prospectus for purposes of sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of section 18 of the Exchange Act of 1934 and otherwise is not subject to liability under these sections.
14 unchanged sentences
/s/ BRETT ASNAS
−Removed: Chief Financial Officer (principal financial officer and
−Removed: principal accounting officer)
+Added: Chief Financial Officer (principal financial officer)
February 12, 2026
−Removed: /s/ JESSE HOM
+Added: /s/ CHRIS UHLICK
+Added: Chief Accounting Officer (principal accounting officer)
February 12, 2026
8 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.