| | | | | | | | | | | | | | | | | | | | | | |
Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 2/22/24 |
| 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: 1866214 |
| | Owner Name: Villarreal David Roberto |
| Reporting Owner Address: |
| | Owner Street 1: C/O SAFE AND GREEN DEVELOPMENT CORP., |
| | Owner Street 2: 990 BISCAYNE BLVD., #501, OFFICE 12 |
| | Owner City: MIAMI |
| | Owner State: FL |
| | Owner ZIP Code: 33132 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Chief Executive Officer |
| | Other Text: |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 2/22/24 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 218,780 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0.92 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 459,146 |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: These shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations. Such withholding is treated as a disposition of securities under Section 16 of the Securities Exchange Act of 1934, as amended. |
| Footnote - F2: Includes 27,926 shares which the reporting person received in connection with the distribution (the "Distribution") by Safe & Green Holdings Corp. ("SG Holdings") of approximately 30% of the outstanding shares of common stock of Safe and Green Development Corporation to SG Holdings' stockholders on a pro rata basis which transaction was exempt from reporting. |
| Owner Signature: |
| Signature Name: /s/ Nicolai Ayrton Brune Attorney-in-Fact |
| Signature Date: 2/26/24 |
