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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 3/28/24 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1959023 |
| Issuer Name: Safe & Green Development Corp |
| Issuer Trading Symbol: SGD |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1023994 |
| | Owner Name: SAFE & GREEN HOLDINGS CORP. |
| Reporting Owner Address: |
| | Owner Street 1: 990 BISCAYNE BLVD., #501, OFFICE 12 |
| | Owner Street 2: |
| | Owner City: MIAMI |
| | Owner State: FL |
| | Owner ZIP Code: 33132 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? No |
| | Is Ten Percent Owner? Yes |
| | Is Other? No |
| | Officer Title: |
| | Other Text: |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/28/24 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: J |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 200,000 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 6,353,508 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: On March 28, 2024, Safe & Green Holdings Corp. ("Holdings") transferred 200,000 shares of the Issuer's common stock in connection with, and in consideration of, a waiver of Holding's covenant default under certain outstanding debentures. |
| Owner Signature: |
| Signature Name: /s/ Patricia Kaelin Chief Financial Officer of Safe & Green Holdings Corp. |
| Signature Date: 4/3/24 |
