Elizabeth K. Tuppeny - May 21, 2021 Form 4 Insider Report for New York City REIT, Inc. (NYC)

Role
Director
Signature
/s/ Elizabeth K. Tuppeny
Stock symbol
NYC
Transactions as of
May 21, 2021
Transactions value $
$0
Form type
4
Date filed
5/21/2021, 05:00 PM
Next filing
Jun 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYC Class A Common Stock Award $0 +7.18K +177.38% $0.00 11.2K May 21, 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted shares of Class A common stock of New York City REIT, Inc. (the "Registrant") issued pursuant to the 2020 Omnibus Incentive Compensation Plan of the Registrant that vest over a five-year period beginning on May 11, 2021 in increments of 20% per annum.
F2 The number of securities previously reported has been adjusted to reflect the 9.72-to-1 reverse stock split by the Registrant of its Class A common stock followed by a stock dividend of three shares of Class B common stock for every share of Class A common stock outstanding completed on August 5, 2020. The first two equal tranches of shares of Class B common stock converted into shares of Class A common stock and were listed on the New York Stock Exchange on December 16, 2020 and March 1, 2021, respectively, and the third and final equal tranche will automatically convert into shares of Class A common stock to be listed on the New York Stock Exchange no later than August 13, 2021. The number of securities reported also reflects the reporting person's receipt of cash in lieu of a fractional shares in connection with the reverse stock split and conversions described in this footnote.
F3 This amount includes approximately 10,217 shares of Class A common stock and 1,014 shares of Class B common stock.