SCHORSCH NICHOLAS S 4

What Happened

• Nicholas S. Schorsch (a 10% owner / sole managing member of related entities) and six affiliated reporting entities completed multiple open‑market purchases (code P) of American Strategic Investment Co. Class A common stock between Jan 20–23, 2026. Each reporting person purchased 1,365 shares on each of four days (total 5,460 shares per reporting person). Per‑person daily purchases:
  • 2026-01-20: 1,365 sh @ $10.55 = $14,401
  • 2026-01-21: 1,365 sh @ $10.77 = $14,701
  • 2026-01-22: 1,365 sh @ $10.59 = $14,455
  • 2026-01-23: 1,365 sh @ $10.38 = $14,169
  • Per reporting person total: 5,460 shares for $57,726 (approx).
• These are purchases (a buy signal) rather than sales. The filings show these purchases were made by related 10% owners / affiliated entities rather than by an unaffiliated executive.

Key Details

• Transaction dates & weighted prices: Jan 20–23, 2026 (prices shown above; weighted averages per filing; underlying per‑trade ranges disclosed in footnotes).
  • Footnote price ranges: Jan 20 purchases $10.20–$10.65 (weighted $10.55); Jan 21 $10.53–$10.78 (weighted $10.77); Jan 22 $10.58–$10.59 (weighted $10.59); Jan 23 $10.07–$10.58 (weighted $10.38).
• Shares owned after transaction: Not specified in the provided filing summary.
• Related‑party / structure notes: Footnotes explain Schorsch is sole managing member of Bellevue Capital Partners (BCP), which controls the advisor and a chain of entities (AR Global, American Realty Capital III, New York City Special LP, New York City Advisors) — these related entities each reported the same purchases. The filers say they may be deemed a Section 13(d) group and disclaim beneficial ownership of each other’s reported shares.
• Filing timeliness: Form filed Jan 23, 2026 covering trades Jan 20–23; the filing does not include a late‑filing flag in the summary provided.
• Availability of details: Filers note weighted average prices are reported and they will provide the number of shares purchased at each separate price upon request to the SEC, issuer, or security holders.

Context

• These purchases were made by majority/majority‑affiliate holders (10% owners and related entities), not routine insider executives. While insider buys can be interpreted positively, these are modest dollar amounts per reporting person (~$57.7k each) and part of coordinated activity among related entities. The filing includes standard disclaimers about beneficial ownership among group members; avoid inferring motive from the purchases alone.