SCHORSCH NICHOLAS S 4

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.