<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0609</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2026-09-11</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001434754</issuerCik>
        <issuerName>SAFE BULKERS, INC.</issuerName>
        <issuerTradingSymbol>SB</issuerTradingSymbol>
        <issuerForeignTradingSymbol></issuerForeignTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001969781</rptOwnerCik>
            <rptOwnerName>Hajioannou Polys</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerNonUSAddressFlag>true</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>APT. D11, LES ACANTHES</rptOwnerStreet1>
            <rptOwnerStreet2>6, AVENUE DES CITRONNIERS</rptOwnerStreet2>
            <rptOwnerCity>MONTE CARLO</rptOwnerCity>
            <rptOwnerNonUSStateTerritory></rptOwnerNonUSStateTerritory>
            <rptOwnerCountry>O9</rptOwnerCountry>
            <rptOwnerZipCode>MC98000</rptOwnerZipCode>
            <rptOwnerStateDescription>MONACO</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Executive Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2026-09-11</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>1500000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1500000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>19426015</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>8555412</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5400000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F6"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5000000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F7"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5000000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F8"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5000000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F9"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On September 9, 2026, Moutoulas Shipping Corporation (&quot;Moutoulas&quot;) agreed to acquire from the Issuer, in a private placement, 1,500,000 shares of Common Stock, at a price of (euro) 6.70 per share (approximately equivalent to $7.81 per share, at an exchange reference rate of (euro)1 to $1.1652 as published by the European Central Bank for September 9, 2026), which acquisition settled on September 11, 2026.</footnote>
        <footnote id="F2">Mr. Hajioannou disclaims any beneficial ownership of any of the equity securities of the Issuer reported on this Form 4 (the &quot;Subject Securities&quot;), except to the extent of any pecuniary interest therein.</footnote>
        <footnote id="F3">These Subject Securities are held by Moutoulas. Mr. Hajioannou is the President and Director of Moutoulas and may be deemed to be the beneficial owner of the Subject Securities held by Moutoulas for purposes of Rule 16a-1(a) under the Securities and Exchange Act of 1934, as amended (&quot;Rule 16a-1(a)&quot;).</footnote>
        <footnote id="F4">These Subject Securities are held by Vorini Holdings Inc. (&quot;Vorini&quot;). Mr. Hajioannou is the President and Director of Vorini and may be deemed to be the beneficial owner of the Subject Securities held by Vorini for purposes of Rule 16a-1(a).</footnote>
        <footnote id="F5">These Subject Securities are held by Akamas Maritime Inc. (&quot;Akamas&quot;). Mr. Hajioannou is the President and Director of Akamas and may be deemed to be the beneficial owner of the Subject Securities held by Akamas for purposes of Rule 16a-1(a).</footnote>
        <footnote id="F6">These Subject Securities are held by Chalkoessa Maritime Inc. (&quot;Chalkoessa&quot;). Mr. Hajioannou is the President and Director of Chalkoessa and may be deemed to be the beneficial owner of the Subject Securities held by Chalkoessa for purposes of Rule 16a-1(a).</footnote>
        <footnote id="F7">These Subject Securities are held by Lefkoniko Maritime Inc. (&quot;Lefkoniko&quot;). Mr. Hajioannou is the President and Director of Lefkoniko and may be deemed to be the beneficial owner of the Subject Securities held by Lefkoniko for purposes of Rule 16a-1(a).</footnote>
        <footnote id="F8">These Subject Securities are held by Kyperounta Maritime Inc. (&quot;Kyperounta&quot;). Mr. Hajioannou is the President and Director of Kyperounta and may be deemed to be the beneficial owner of the Subject Securities held by Kyperounta for purposes of Rule 16a-1(a).</footnote>
        <footnote id="F9">These Subject Securities are held by Bellapais Maritime Inc. (&quot;Bellapais&quot;). Mr. Hajioannou is the President and Director of Bellapais and may be deemed to be the beneficial owner of the Subject Securities held by Bellapais for purposes of Rule 16a-1(a).</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Polys Hajioannou</signatureName>
        <signatureDate>2026-09-14</signatureDate>
    </ownerSignature>
</ownershipDocument>
