SCHORSCH NICHOLAS S 4/A
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 greater-than-10% owner/controlling person through related entities, purchased 8,000 shares of American Strategic Investment Co. on June 30, 2026. The reported weighted-average price was $9.53, for an aggregate purchase value of approximately $76,240. The transactions are reported as purchases (code P) — open-market or private purchases.
Key Details
- Transaction date: 2026-06-30.
- Reported weighted-average price: $9.53; actual trade prices ranged from $8.89 to $9.85 (shares were acquired in multiple transactions).
- Total shares purchased: 8,000; total value ≈ $76,240.
- Filing type: This is an amended Form 4 (Form 4/A) filed 2026-07-09 to correct the balance of shares reported as owned by the Advisor.
- Ownership after transaction: not specified in the excerpt provided; filing notes the Reporting Persons may be members of a Section 13(d) group that collectively beneficially owns >10% of the company.
- Footnotes: complex ownership chain — Schorsch is sole managing member of Bellevue Capital Partners, LLC (BCP), which controls the Advisor and certain record holders. Reporting Persons disclaim beneficial ownership of securities held by other group members. The filer will provide detailed breakdown of the number of shares bought at each price upon request.
Context
- This is a direct purchase (potentially a mildly bullish signal) by a 10% owner and related entities rather than routine insider selling; purchases by large holders can be informative but do not guarantee future performance.
- The amended filing corrects previously reported ownership balances; consult the full Form 4/A (and Exhibit 99.1) for the complete ownership structure and final share counts.
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