Nicholas S. Schorsch - Feb 27, 2023 Form 4 Insider Report for American Strategic Investment Co. (NYC)

Role
10%+ Owner
Signature
/s/ See signatures attached as Exhibit 99.1
Stock symbol
NYC
Transactions as of
Feb 27, 2023
Transactions value $
$4,914,875
Form type
4
Date filed
3/1/2023, 04:27 PM
Previous filing
Jan 5, 2023
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYC Class A common stock Award $1.68M +130K +89.26% $12.95 275K Feb 27, 2023 See footnote F1, F2, F3
transaction NYC Class A common stock Award $3.08M +238K +89.26% $12.95 505K Feb 27, 2023 See footnote F1, F2, F4
transaction NYC Class A common stock Award $150K +11.6K +77.2% $12.95 26.6K Feb 27, 2023 Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Class A common stock of American Strategic Investment Co. (the "Issuer") acquired pursuant to a rights offering, pursuant to which the Issuer distributed non-transferable rights (the "Subscription Rights") to its stockholders of record as of January 12, 2023, to purchase 0.20130805 of a share of Class A common stock for every Subscription Right at a subscription price of $12.95 per whole share. Includes shares acquired pursuant to an oversubscription option under which stockholders who fully exercised their Subscription Rights were entitled to subscribe for additional shares of Class A common stock that remained unsubscribed as a result of unexercised Subscription Rights, subject to certain terms and conditions.
F2 Reflects the completion on January 11, 2023 by the Issuer of a 1-for-8 reverse split of the Common Stock.
F3 Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the ultimate controlling person of New York City Advisors, LLC, and has voting and investment discretion with respect to the securities held of record by New York City Advisors, LLC. BCP is the sole member of AR Global Investments, LLC, who 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, who is the sole member of New York City Advisors, LLC, the record holder of the securities reported herein.
F4 Represents shares of Class A common stock directly owned by BCP. Mr. Nicholas S. Schorsch is the sole managing member of BCP, and has voting and investment discretion with respect to the securities held of record by BCP.
F5 Represents shares of Class A common stock owned solely by Mr. Nicholas S. Schorsch.

Remarks:

Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the Reporting Persons to the Issuer. // 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.