Form 4: Nicholas S. Schorsch and Related Entities Report Beneficial Ownership Changes in American Strategic Investment Co.

Nicholas S. Schorsch and related entities, including Bellevue Capital Partners, LLC, AR Global Investments, LLC, and others, reported changes in their beneficial ownership of American Strategic Investment Co. Class A common stock due to the issuance of shares under the 2020 Advisor Omnibus Incentive Compensation Plan.

Summary

• This Form 4 filing reports changes in beneficial ownership of American Strategic Investment Co. (NYC) Class A common stock by Nicholas S. Schorsch and related entities.
• The transactions occurred on April 1, 2024.
• 68,308 shares were acquired at $0.00 per share due to the issuance under the 2020 Advisor Omnibus Incentive Compensation Plan to New York City Advisors, LLC.
• 22,857 shares were acquired at $0.00 per share due to the issuance under the 2020 Advisor Omnibus Incentive Compensation Plan to New York City Properties, LLC.
• Following these transactions, Mr. Schorsch directly owns 26,559 shares and indirectly owns 437,123 shares through various entities.
• Bellevue Capital Partners, LLC (BCP) directly owns 785,195 shares.
• 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 except to the extent of their pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports routine transactions related to stock ownership. The complex ownership structure introduces a slight negative bias due to potential transparency concerns.

Positives

• The issuance of shares under the 2020 Advisor Omnibus Incentive Compensation Plan suggests ongoing alignment of interests between the advisor and the company.

Risks

• The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest, which could indicate potential conflicts of interest or limited commitment.
• The complex ownership structure involving multiple entities could obscure transparency and accountability.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading and significant ownership changes in publicly traded companies. This filing indicates changes in the ownership structure related to the company's advisor and property manager.

Related Party Transactions

• The issuance of shares to New York City Advisors, LLC and New York City Properties, LLC, the external advisor and property manager of the Issuer, respectively, constitutes related party transactions.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to shareholders as they provide insights into the alignment of interests between management, advisors, and the company.
• Employees of the advisor and property manager may be affected by the issuance of shares under the compensation plan.

Key Dates