American Strategic Investment — Nicholas S. Schorsch Receives Award & Buys Stock

What Happened

• Nicholas S. Schorsch, a reported 10% owner (through affiliated entities), acquired shares of American Strategic Investment Co. on three occasions. On 2026-08-25 he received 160,766 fully vested Class A shares as an award valued at $1,122,147 (priced at $6.98/share). He then purchased 5,000 shares on 2026-08-26 for a weighted average price of $6.81 ($34,050) and 5,000 shares on 2026-08-27 for a weighted average price of $6.68 ($33,400). These transactions are purchases/awards (net buys), which retail investors often view as more informative than routine sales.

Key Details

• Transaction dates & reported prices:
  • 2026-08-25: Award of 160,766 shares @ $6.98 — $1,122,147 (F1)
  • 2026-08-26: Open-market purchases totaling 5,000 shares, weighted avg $6.81 (range $6.35–$6.84) — $34,050 (F3)
  • 2026-08-27: Open-market purchases totaling 5,000 shares, weighted avg $6.68 (range $6.26–$6.77) — $33,400 (F5)
• Shares owned after the transactions: not specified in this Form 4.
• Ownership/filing notes:
  • Award shares were issued to New York City Advisors, LLC under the Issuer’s 2020 Advisor Omnibus Incentive Compensation Plan (F1).
  • Schorsch controls the reporting entities via Bellevue Capital Partners, LLC and related entities and has voting/investment discretion over the shares held of record (F2, F4, F6). The filing includes a joint-filer exhibit describing these relationships.
  • The reporting persons state they may be part of a Section 13(d) group owning >10% and disclaim beneficial ownership of other group members’ shares.
• Filing timeliness: Reported on 2026-08-27 for transactions beginning 2026-08-25 — appears filed promptly (no late filing indicated).

Context

• The 160,766-share entry was an award issued to the external advisor in connection with fees (fully vested), not a typical executive option exercise or sale. The subsequent 10,000-share open-market purchases increased the reporting persons’ economic exposure. Because Schorsch is a 10% owner acting through affiliated entities, these filings reflect institutional/managerial holdings and control rather than simple employee trading.