SCHORSCH NICHOLAS S 4
Research Summary
AI-generated summary
American Strategic Investment Co. 10% Owner Nicholas Schorsch Buys 8,000 Shares
What Happened
Nicholas S. Schorsch, identified as a 10% owner, purchased 8,000 shares of American Strategic Investment Co. class A common stock in open-market transactions on June 30, 2026. The reported weighted-average price was $9.53 (range $8.89–$9.85), for a total cost of roughly $76,240. This was a purchase (transaction code P), which is a direct buy rather than a sale or award.
Key Details
- Transaction date: 2026-06-30 (filed 2026-07-02). No indication in the excerpt that the filing was late.
- Price: weighted average $9.53; purchases occurred at prices between $8.89 and $9.85 (footnote F2).
- Quantity: 8,000 shares; total value ≈ $76,240.
- Shares owned after the transaction: not specified in the provided excerpt.
- Notable footnotes:
- F1/F3/F4 describe ownership/control structure: Schorsch is sole managing member of Bellevue Capital Partners, LLC (BCP), which is the ultimate controlling person of the Advisor and holds securities of record; F3 denotes shares owned by BCP; F4 denotes shares owned directly by Schorsch.
- F2 explains the weighted average price and offers to provide per-price breakdowns on request.
- Remarks note Exhibit 99.1 (joint filer info) and state the reporting persons may be members of a Section 13(d) group collectively owning >10%, while disclaiming beneficial ownership of other group members’ shares.
Context
This filing reports a straightforward open-market purchase by a reported 10% owner (an institutional/ownership position), not an option exercise, gift, or award. Purchases by large owners can be informative to investors, but the filing includes group-disclaimer language and complex ownership layers (BCP, AR Global, ARC III) — see Exhibit 99.1 and the footnotes for full ownership details.