Form 4: Nicholas S. Schorsch and Related Entities Increase Stake in American Strategic Investment Co.

Nicholas S. Schorsch, along with related entities, reports increased beneficial ownership of American Strategic Investment Co. Class A common stock through recent purchases.

Summary

• Nicholas S. Schorsch, Bellevue Capital Partners, LLC, AR Global Investments, LLC, American Realty Capital III, LLC, New York City Special Ltd. Partnership, LLC, and New York City Advisors, LLC jointly filed a Form 4.
• The filing indicates changes in beneficial ownership of American Strategic Investment Co. Class A common stock.
• On February 5, 2025, 1,469 shares were purchased at a weighted average price of $10.46, with prices ranging from $10.20 to $10.74.
• On February 6, 2025, 1,469 shares were purchased at a weighted average price of $10.95, with prices ranging from $10.70 to $11.25.
• On February 7, 2025, 1,469 shares were purchased at a weighted average price of $10.98, with prices ranging from $10.60 to $11.00.
• Following these transactions, the number of shares of Class A common stock indirectly owned by BCP is 960,655.
• Nicholas S. Schorsch directly owns 26,559 shares of Class A common stock.
• 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, but they disclaim beneficial ownership of the securities beneficially owned by the other group members.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document simply reports transactions. The increased stake could be seen as a positive signal, but the disclaimers of beneficial ownership introduce some uncertainty.

Positives

• Increased investment by Nicholas S. Schorsch and related entities could signal confidence in American Strategic Investment Co.'s future prospects.

Risks

• The reporting persons disclaim beneficial ownership of the securities beneficially owned by the other group members, which could indicate potential disagreements or differing investment strategies within the group.

Management Comments

• 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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and significant shareholders, providing transparency to the market.

Stakeholder Impact

• The increased stake by Nicholas S. Schorsch and related entities could be viewed positively by shareholders, potentially increasing investor confidence.

Key Dates

Keywords

American Strategic Investment Co., Nicholas S. Schorsch, Bellevue Capital Partners, AR Global Investments, Class A common stock, Beneficial ownership, Form 4, Section 13(d) group