SCHORSCH NICHOLAS S 4
4 · American Strategic Investment Co. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
American Strategic Investment Co. Nicholas S. Schorsch Receives Award
What Happened Nicholas S. Schorsch (reported as a 10% owner/controlling person through related entities) acquired 232,098 Class A common shares of American Strategic Investment Co. as an award on April 24, 2026. The shares were recorded at $8.23 each, a total value of approximately $1,910,167. The filing lists the transaction as an acquisition/award (code A) pursuant to the issuer's 2020 Advisor Omnibus Incentive Compensation Plan and reflects shares issued in connection with fees earned by the external advisor.
Key Details
- Transaction date: 2026-04-24; Filing date (Form 4): 2026-05-04 (appears to be filed late relative to the typical 2-business-day Form 4 deadline).
- Securities: 232,098 shares of Class A common stock at $8.23 per share; total value ≈ $1,910,167.
- Transaction type: Award/grant to New York City Advisors, LLC (the advisor) under the 2020 Advisor Omnibus Incentive Compensation Plan (reported as acquisition).
- Shares owned after transaction: Not specified in this filing.
- Relevant footnotes: F1–F4 explain shares were fully vested and issued to the advisor for fees; Schorsch is the sole managing member of Bellevue Capital Partners, LLC (and through a chain of entities controls the advisor) and has voting/investment discretion. The reporting group may be part of a Section 13(d) group owning >10%; the reporting persons disclaim beneficial ownership of other group members’ securities.
Context This was an issuance to the external advisor as compensation (fully vested award), not an open-market purchase by Schorsch personally. Such awards are common for fee compensation and do not necessarily signal the insider’s immediate personal buying or selling intent. The late filing may be a compliance issue and could be subject to regulatory scrutiny or fines, but the filing itself only reports the issuance and ownership structure—no sale or option exercise occurred.
Insider Transaction Report
- Award
Class A common stock
[F1][F2]2026-04-24$8.23/sh+232,098$1,910,167→ 752,764 total(indirect: See footnote)
- 1,070,620(indirect: See footnote)
Class A common stock
[F3] - 26,559
Class A common stock
[F4]
Footnotes (4)
- [F1]Fully-vested shares of Class A common stock of American Strategic Investment Co. (the "Issuer") issued pursuant to the 2020 Advisor Omnibus Incentive Compensation Plan of the Issuer to, and in connection with fees earned by, New York City Advisors, LLC, the external advisor of the Issuer (the "Advisor").
- [F2]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.
- [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.