SAFE BULKERS INC

Ticker: SB CUSIP: Y7388L103 Class: Common Stock

GRATIA CAPITAL, LLC's Holding History (CIK: 0001599793)

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

Q2 2023

Shares 295,400 Value ($000) $963 Avg Close $3.51 Range $3.14 - $3.85

Q1 2023

Shares 950,000 Value ($000) $3,506 Avg Close $3.36 Range $2.71 - $3.85

Q4 2022

Shares 950,000 Value ($000) $2,765 Avg Close $2.77 Range $2.45 - $3.16

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2023	295,400	$963	$3.51	$3.14 - $3.85
Q1 2023	950,000	$3,506	$3.36	$2.71 - $3.85
Q4 2022	950,000	$2,765	$2.77	$2.45 - $3.16