American Strategic Investment Co. 8-K

What Happened
American Strategic Investment Co. (filed May 1, 2026, Item 3.02) reported that on April 30, 2026 its Compensation Committee approved and the company issued 232,098 shares of Class A common stock to its advisor, New York City Advisors, LLC, in full satisfaction of $1,910,169.12 of accrued advisory compensation under the Second Amended and Restated Advisory Agreement (originally dated November 16, 2018 and amended March 29, 2024). The shares were granted under the Company’s 2020 Advisor Omnibus Incentive Compensation Plan and issued pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act; an Award Agreement covering the shares was executed.

Key Details

• $1,910,169.12 in advisory compensation was converted to equity.
• 232,098 shares of Class A common stock were granted and issued on April 30, 2026.
• Advisor: New York City Advisors, LLC (with New York City Operating Partnership, L.P. as counterparties under the Advisory Agreement).
• Issuance under the 2020 Advisor Omnibus Incentive Compensation Plan and exempt from registration under Section 4(a)(2).

Why It Matters
The company satisfied nearly $1.91 million of advisory fees by issuing equity rather than paying cash, which conserves cash but increases the number of shares outstanding. The issuance was an unregistered private placement under Section 4(a)(2), which investors should note when assessing share count and potential dilution.