Form 4: Key Insider Nicholas S. Schorsch Increases Stake in American Strategic Investment Co.

Nicholas S. Schorsch, a Director and 10% owner of American Strategic Investment Co., has significantly increased his beneficial ownership of Class A common stock through recent open market purchases.

Summary

• Nicholas S. Schorsch, a Director and 10% owner of American Strategic Investment Co. (NYC), acquired additional shares of Class A common stock through indirect ownership.
• On May 30, 2025, 573 shares of Class A common stock were acquired at a weighted average price of $9.88 per share, with prices ranging from $9.66 to $10.50.
• Following this transaction, the indirect beneficial ownership through Bellevue Capital Partners, LLC (BCP) increased to 998,345 shares.
• On June 4, 2025, an additional 666 shares of Class A common stock were acquired at a weighted average price of $9.48 per share, with prices ranging from $9.25 to $9.67.
• After the June 4, 2025 transaction, the indirect beneficial ownership through BCP reached 999,011 shares.
• Mr. Schorsch also directly owns 26,559 shares of Class A common stock.
• The total beneficial ownership for Mr. Schorsch, including both indirect and direct holdings, amounts to 1,025,570 shares of Class A common stock.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.
• The reporting persons, including Nicholas S. Schorsch and related entities, are filing this Form 4 as they may be deemed members of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding common stock.

Sentiment

Score: 8

Explanation: The sentiment is highly positive due to significant insider buying by a key director and 10% owner, indicating strong confidence in the company's valuation and future prospects. This action typically signals that the insider believes the stock is undervalued.

Positives

• Significant insider buying by a Director and 10% owner, Nicholas S. Schorsch, signals strong confidence in the company's future prospects.
• The purchases were executed under a Rule 10b5-1(c) plan, indicating a pre-planned investment strategy.
• The increased stake by a key insider aligns the interests of management with those of shareholders.

Risks

• The reporting persons 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, which could imply potential for activist investor engagement or influence.

Future Outlook

The document, a Form 4, does not provide forward-looking statements or guidance regarding the company's future performance or strategic outlook. It solely reports changes in beneficial ownership.

Management Comments

• "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

Insider buying, particularly by a director and significant shareholder, is generally viewed as a positive signal in the real estate investment trust (REIT) sector, suggesting that those with intimate knowledge of the company and its assets believe the stock is undervalued or has strong growth potential, even amidst broader market or sector-specific challenges.

Corporate Governance

Related Party Transactions

• Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC (BCP), which is the ultimate controlling person of New York City Advisors, LLC (the Advisor), the record holder of some reported securities.
• BCP is the sole member of AR Global Investments, LLC, which is the sole member of American Realty Capital III, LLC (ARC III).
• ARC III is the sole member of New York City Special Limited Partnership, LLC, which is the sole member of the Advisor.
• This complex structure illustrates the indirect beneficial ownership chain through which Mr. Schorsch controls the acquired shares, representing related party dealings in terms of ownership and control.

Stakeholder Impact

• Shareholders: The insider buying by a significant director and 10% owner is likely to be perceived positively, potentially boosting investor confidence and signaling a belief in the company's intrinsic value.
• Investment Professionals: Analysts may interpret this as a bullish signal, prompting further review of the company's fundamentals and potential for stock appreciation.

Key Dates

Recommendation

Keywords

American Strategic Investment Co., NYC, Nicholas S. Schorsch, Form 4, insider buying, beneficial ownership, stock purchase, director, 10% owner, equity, SEC filing, real estate investment trust