SCHORSCH NICHOLAS S 4

What Happened

• Nicholas S. Schorsch, a reported 10% owner of American Strategic Investment Co., acquired a total of 257,703 shares between June 25–29, 2026. The transactions include: a 1,000‑share open‑market purchase on 2026‑06‑25 at a weighted avg $8.39 ($8,390); a grant/award of 251,703 fully‑vested shares on 2026‑06‑26 at $8.37 each (value ≈ $2,106,754); and a 5,000‑share open‑market purchase on 2026‑06‑29 at a weighted avg $9.27 ($46,350). Total consideration reported ≈ $2,161,494. These were purchases/awards (acquisitions), which investors often view as more informative than routine sales.

Key Details

• Transaction dates and reported prices:
  • 2026‑06‑25: P (purchase) 1,000 shares @ $8.39 (weighted avg; actual trades ranged $8.35–$8.44) — Footnote F1
  • 2026‑06‑26: A (award) 251,703 shares @ $8.37 — Footnote F3
  • 2026‑06‑29: P (purchase) 5,000 shares @ $9.27 (weighted avg; actual trades ranged $8.84–$9.43) — Footnote F4
• Total acquired: 257,703 shares for ≈ $2.16M.
• Shares owned after the transactions: not specified in the provided summary of the Form 4.
• Ownership/relationship notes: Schorsch is the sole managing member of Bellevue Capital Partners (BCP) and has voting/investment discretion over shares held by affiliated entities; some shares are held of record by the Advisor and related entities (Footnotes F2, F5, F6). Footnote F3 indicates the large block was issued to New York City Advisors as fully‑vested shares in payment of fees.
• Filing timeliness: Form 4 filed 2026‑06‑29 covering transactions through 2026‑06‑29; no late filing is indicated in the report.
• Remarks: The filers note they may be part of a Section 13(d) group owning >10% and disclaim beneficial ownership of other group members’ shares; Exhibit 99.1 (joint filer info) is referenced.

Context

• The 251,703‑share item was an award of fully‑vested shares issued to the external advisor (New York City Advisors) in connection with fees — not an option exercise or cash purchase of those particular shares. Schorsch’s purchases on 6/25 and 6/29 were open‑market buys.
• As a reported 10% owner with control/oversight of affiliated entities, Schorsch’s activity reflects acquisitions by him and entities he controls; the report contains standard disclaimers about beneficial ownership among group members.
• These are acquisitions (not sales); purchases and awards can be interpreted by investors as increased insider exposure, though the award reflects compensation to the advisor rather than a market purchase by Schorsch personally.