Form 4: Nicholas S. Schorsch and Related Entities Increase Stake in American Strategic Investment Co.
SEC Form 4
Nicholas S. Schorsch, along with related entities, reports changes in beneficial ownership of American Strategic Investment Co. stock, increasing their holdings through open market purchases.
Summary
- This Form 4 filing reports changes in beneficial ownership of American Strategic Investment Co. [NYC] by 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.
- The transactions involve purchases of Class A common stock on March 26, 2025, March 27, 2025 and March 28, 2025 at prices ranging from $10.38 to $11.50 per share.
- Nicholas S. Schorsch directly owns 26,559 shares of Class A common stock.
- Bellevue Capital Partners, LLC directly owns 975,492 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.
- The reporting persons disclaim beneficial ownership of the securities beneficially owned by the other group members except to the extent of its pecuniary interest.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects routine transactions and disclosures. The increased stake could be seen as a positive signal, but the disclaimer of beneficial ownership introduces some uncertainty.
Positives
- Increased investment by a director and related entities may signal confidence in the company's prospects.
Risks
- The reporting persons disclaim beneficial ownership of the securities beneficially owned by the other group members except to the extent of its pecuniary interest, which could indicate potential disagreements or differing investment strategies within the group.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders and major shareholders.
Stakeholder Impact
- The increased stake by insiders could positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 03/26/2025 | Date of earliest transaction reported: Purchase of Class A common stock at $10.75 per share. |
| 03/27/2025 | Purchase of Class A common stock at a weighted average price of $10.54 per share (ranging from $10.38 to $10.75). |
| 03/28/2025 | Purchase of Class A common stock at a weighted average price of $11.35 per share (ranging from $10.53 to $11.50). |
| 03/28/2025 | Date of signature for the Form 4 filing. |
Keywords
beneficial ownership, Form 4, American Strategic Investment Co., Nicholas S. Schorsch, Bellevue Capital Partners, AR Global Investments, Class A common stock, Section 13(d) group
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