Form 4: American Strategic Investment Co. Sees Mixed Insider Activity

Entities controlled by Nicholas S. Schorsch increased their holdings in American Strategic Investment Co. through two purchases, while Schorsch personally disposed of a portion of his Class A common stock.

Summary

• Nicholas S. Schorsch, a Director and 10% Owner of American Strategic Investment Co. (NYC), along with several entities he controls, filed a Form 4 detailing recent transactions.
• Bellevue Capital Partners, LLC (BCP), an entity controlled by Mr. Schorsch, acquired 1,074 shares of Class A common stock on November 28, 2025, at a weighted average price of $7.90 per share.
• BCP further acquired 1,113 shares of Class A common stock on December 2, 2025, at a weighted average price of $7.47 per share.
• Following these transactions, BCP's beneficial ownership of Class A common stock increased to 1,030,135 shares.
• Separately, Mr. Nicholas S. Schorsch personally disposed of 26,559 shares of Class A common stock. No specific transaction date was provided for this disposition in the filing.
• New York City Advisors, LLC (the Advisor), also controlled by Mr. Schorsch, beneficially owns 520,666 shares of Class A common stock.
• The reporting persons are part of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding common stock.

Sentiment

Score: 4

Explanation: While entities controlled by Nicholas S. Schorsch made purchases, his personal disposition of a larger number of shares results in a net decrease in his total beneficial ownership, which can be interpreted as a slightly negative signal.

Positives

• Entities controlled by a Director and 10% Owner, Nicholas S. Schorsch, made two open market purchases of Class A common stock, indicating a level of confidence in the company's future prospects.
• Bellevue Capital Partners, LLC (BCP) acquired a total of 2,187 shares (1,074 shares at $7.90 and 1,113 shares at $7.47), increasing its beneficial ownership to 1,030,135 shares.

Negatives

• Nicholas S. Schorsch personally disposed of 26,559 shares of Class A common stock, which represents a reduction in his direct personal holdings.

Future Outlook

NA

Management Comments

• The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.
• The Reporting Persons are filing this Form 4 because they may be deemed to be members of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding common stock.
• The Reporting Persons expressly disclaim beneficial ownership of the securities beneficially owned by the other group members.
• Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Industry Context

NA

Related Party Transactions

• The transactions involve Nicholas S. Schorsch, a Director and 10% Owner, and multiple entities (Bellevue Capital Partners, LLC, AR Global Investments, LLC, American Realty Capital III, LLC, New York City Special Ltd. Partnership, LLC, New York City Advisors, LLC) that he controls through a complex ownership structure. These are considered related parties.

Stakeholder Impact

• Shareholders: The mixed insider activity (entity buying, personal selling) could lead to varied interpretations regarding management's confidence. A net decrease in beneficial ownership by a key insider might be viewed negatively.
• Management: The filing clarifies the beneficial ownership structure and transactions of a significant insider and related entities.

Key Dates

Recommendation

The mixed signals from insider activity warrant a 'hold' recommendation. While entities controlled by a significant insider are buying shares, indicating some confidence, the insider's personal disposition of a larger volume of shares creates ambiguity. Investors should monitor future filings and company performance for clearer directional signals before making a definitive buy or sell decision.

Keywords

American Strategic Investment Co., NYC, Nicholas S. Schorsch, insider trading, Form 4, beneficial ownership, stock purchase, stock disposition, Bellevue Capital Partners, LLC, 10% owner, director