Nicholas S. Schorsch - 16 Jul 2024 Form 4 Insider Report for American Strategic Investment Co. (NYC)

Role
10%+ Owner
Signature
/s/ See signatures attached as Exhibit 99.1
Issuer symbol
NYC
Transactions as of
16 Jul 2024
Net transactions value
+$1,382,039
Form type
4
Filing time
18 Jul 2024, 20:50:29 UTC
Previous filing
28 Jun 2024
Next filing
24 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYC Class A common stock Purchase $1,375,000 +125,000 +16% $11.00 910,195 16 Jul 2024 See footnote F2, F3
transaction NYC Class A common stock Purchase $7,039 +864 +0.09% $8.15 911,059 18 Jul 2024 See footnote F3
holding NYC Class A common stock 520,666 16 Jul 2024 See footnote F1
holding NYC Class A common stock 26,559 16 Jul 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the ultimate controlling person of the Advisor, and has voting and investment discretion with respect to the securities held of record by the Advisor. 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 the Advisor, the record holder of the securities reported herein.
F2 On July 16, 2024, BCP accepted for purchase shares of the Class A common stock of American Strategic Investment Co. through a fixed-price tender offer.
F3 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.
F4 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.