Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
We did not purchase any shares of our common stock during the three months ended March 31, 2023.
Unregistered Sales of Equity Securities
In February 2023, Old SAFE issued 152,801 shares of its common stock to its Former Manager as payment for the management fee for the three months ended December 31, 2022, and in March 2023, Old SAFE issued 177,971 shares of its common stock to its Former Manager as payment for the management fees for the three months ended March 31, 2023. These shares were not registered under the Securities Act in reliance upon exemption from registration provided by Section 4(a)(2) of the Securities Act. Such shares are subject to certain resale restrictions.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.