Bjarne Erik Siwert Borg - Oct 13, 2025 Form 4 Insider Report for Safe & Green Development Corp (SGD)

Role
Director, 10%+ Owner
Signature
/s/ Nicolai Brune, Attorney-in-Fact
Stock symbol
SGD
Transactions as of
Oct 13, 2025
Transactions value $
$0
Form type
4
Date filed
10/22/2025, 04:23 PM
Previous filing
Oct 2, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Borg Bjarne Erik Siwert Director, 10%+ Owner C/O SAFE AND GREEN DEVELOPMENT, CORP.,, 100 BISCAYNE BLVD., SUITE 1201, MIAMI /s/ Nicolai Brune, Attorney-in-Fact 2025-10-21 0002061388

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGD Common Stock Conversion of derivative security +1.09M +893.22% 1.21M Oct 13, 2025 By Index Equity US LLC and Index Resource Equity LLC F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SGD Series A Convertible Preferred Stock Conversion of derivative security $0 -182K -37.4% $0.00 304K Oct 13, 2025 Common Stock 1.09M By Index Equity US LLC and Index Resource Equity LLC F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.