SAFE BULKERS INC

Ticker: SB CUSIP: Y7388L103 Class: Common Stock

Aristides Capital LLC's Holding History (CIK: 0001595521)

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

Q4 2025

Shares 33,440 Value ($000) $161 Avg Close $4.74 Range $4.14 - $5.54

Q2 2025

Shares 34,861 Value ($000) $126 Avg Close $3.58 Range $3.02 - $4.03

Q1 2025

Shares 45,344 Value ($000) $167 Avg Close $3.64 Range $3.31 - $3.98

Q4 2024

Shares 42,240 Value ($000) $151 Avg Close $4.18 Range $3.40 - $5.21

Q2 2023

Shares 42,249 Value ($000) $138 Avg Close $3.51 Range $3.14 - $3.85

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	33,440	$161	$4.74	$4.14 - $5.54
Q2 2025	34,861	$126	$3.58	$3.02 - $4.03
Q1 2025	45,344	$167	$3.64	$3.31 - $3.98
Q4 2024	42,240	$151	$4.18	$3.40 - $5.21
Q2 2023	42,249	$138	$3.51	$3.14 - $3.85