SAFE BULKERS INC

Ticker: SB CUSIP: Y7388L103 Class: Common Stock

MAI Capital Management's Holding History (CIK: 0001040197)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 323 Value ($000) $2 Avg Close $4.74 Range $4.14 - $5.54

Q3 2025

Shares 1,817 Value ($000) $8 Avg Close $4.24 Range $3.56 - $4.72

Q2 2025

Shares 2,704 Value ($000) $10 Avg Close $3.58 Range $3.02 - $4.03

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	323	$2	$4.74	$4.14 - $5.54
Q3 2025	1,817	$8	$4.24	$3.56 - $4.72
Q2 2025	2,704	$10	$3.58	$3.02 - $4.03