Management Change/Compensation Form 8 K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 22, 2024, the Board of Directors (the "Board") of Safe & Green Holdings Corp. (the "Company") determined not to renew the Executive Employment Agreement, dated as of January 1, 2017 (the "Employment Agreement"), between the Company and Paul Galvin, the Company's Chief Executive Officer and, in connection with such determination, delivered a written notice of termination to Mr. Galvin on October 24, 2024 in accordance with the terms of the Employment Agreement. Mr. Galvin's employment with the Company as its Chief Executive Officer will terminate effective as of the close of business on December 31, 2024 (the "Effective Date"). After the Effective Date, Mr. Galvin is expected to continue to serve as the Chairman of the Company's Board of Directors. The Board is conducting a comprehensive search to identify Mr. Galvin's successor.