SAFE BULKERS, INC.

Filing Date

Mar 18, 2026

Transaction Date

Mar 18, 2026

Accession Number

0000930413-26-000820

Form Type

3

Footnotes

1. (F1)Mr. Hajioannou disclaims any beneficial ownership of any of the equity securities of the Issuer reported on this Form 4 (the "Subject Securities"), except to the extent of any pecuniary interest therein.
2. (F2)These Subject Securities are held by Vorini Holdings Inc. ("Vorini"). Mr. Hajioannou is the President and Director of Vorini and may be deemed to be the beneficial owner of the Subject Securities held by Vorini for purposes of Rule 16a-1(a) under the Securities and Exchange Act of 1934, as amended ("Rule 16a-1(a)").
3. (F3)These Subject Securities are held by Akamas Maritime Inc. ("Akamas"). Mr. Hajioannou is the President and Director of Akamas and may be deemed to be the beneficial owner of the Subject Securities held by Akamas for purposes of Rule 16a-1(a).
4. (F4)These Subject Securities are held by Chalkoessa Maritime Inc. ("Chalkoessa"). Mr. Hajioannou is the President and Director of Chalkoessa and may be deemed to be the beneficial owner of the Subject Securities held by Chalkoessa for purposes of Rule 16a-1(a).
5. (F5)These Subject Securities are held by Lefkoniko Maritime Inc. ("Lefkoniko"). Mr. Hajioannou is the President and Director of Lefkoniko and may be deemed to be the beneficial owner of the Subject Securities held by Lefkoniko for purposes of Rule 16a-1(a).
6. (F6)These Subject Securities are held by Kyperounta Maritime Inc. ("Kyperounta"). Mr. Hajioannou is the President and Director of Kyperounta and may be deemed to be the beneficial owner of the Subject Securities held by Kyperounta for purposes of Rule 16a-1(a).
7. (F7)These Subject Securities are held by Bellapais Maritime Inc. ("Bellapais"). Mr. Hajioannou is the President and Director of Bellapais and may be deemed to be the beneficial owner of the Subject Securities held by Bellapais for purposes of Rule 16a-1(a).