SAFE BULKERS INC

Ticker: SB CUSIP: Y7388L103 Class: Common Stock

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q1 2025

Shares 11,107 Value ($000) $41 Avg Close $3.64 Range $3.31 - $3.98

Q4 2024

Shares 13,814 Value ($000) $49 Avg Close $4.18 Range $3.40 - $5.21

Q2 2024

Shares 16,458 Value ($000) $96 Avg Close $5.39 Range $4.65 - $6.33

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2025	11,107	$41	$3.64	$3.31 - $3.98
Q4 2024	13,814	$49	$4.18	$3.40 - $5.21
Q2 2024	16,458	$96	$5.39	$4.65 - $6.33