Edward M. Weil Jr. - Feb 4, 2022 Form 4 Insider Report for New York City REIT, Inc. (NYC)

Role: CEO, President and Secretary, Director
Signature: /s/ Edward M. Weil, Jr.
Stock symbol: NYC
Transactions as of: Feb 4, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/4/2022, 04:20 PM
Previous filing: Jul 21, 2021
Next filing: Mar 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NYC	Class A Common Stock	Award	$0	+45.4K		$0.00	45.4K	Feb 4, 2022	See footnote	F1, F2
holding	NYC	Class A Common Stock						56.1K	Feb 4, 2022	See footnote	F3, F4
holding	NYC	Class A Common Stock						12.2K	Feb 4, 2022	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Fully-vested shares of Class A common stock of New York City REIT, Inc. (the "Issuer") issued pursuant to the 2020 Advisor Omnibus Incentive Compensation Plan of the Issuer in connection with fees earned by New York City Advisors, LLC (the "Advisor"), the external advisor of the Issuer.
F2	The reporting person is the chief executive officer, and also holds a non-controlling equity interest in, the entities that own and control the Advisor. The Advisor beneficially owns the reported securities. The reporting person disclaims beneficial ownership of the securities beneficially owned by the Advisor except to the extent of his pecuniary interest therein. The number of securities reported as indirectly beneficially owned by the reporting person in this Form 4 is the total number of securities beneficially owned by the Advisor and does not represent his pro rata indirect pecuniary interest therein (i.e. his pro rata share of the equity of the parent of the Advisor).
F3	The number of securities reflects the 9.72-to-1 reverse stock split by the Issuer 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 conversion of shares of Class B common stock into shares of Class A common stock listed on the New York Stock Exchange was completed on August 13, 2021. The number of securities reported also reflects the receipt of cash in lieu of fractional shares in connection with the reverse stock split and conversions described in this footnote.
F4	The reporting person holds a non-controlling equity interest in Bellevue Capital Partners, LLC ("BCP"), an entity that indirectly owns and controls the Advisor and New York City Special Limited Partnership, LLC (the "Special Limited Partner"), an affiliate of the Advisor. BCP owns the reported securities, of which 52,435 shares of Class A common stock were previously held by the Advisor and 3,656 shares of Class A common stock were previously held by the Special Limited Partner. The reporting person disclaims beneficial ownership of the securities beneficially owned by BCP except to the extent of his pecuniary interest therein. The number of securities reported as indirectly beneficially owned by the reporting person in this Form 4 is the total number of securities owned by BCP in which the reporting person has a beneficial interest and does not represent his pro rata indirect pecuniary interest therein (i.e. his pro rata share of the equity of BCP).