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Advisor to American Strategic (NYSE: NYC) awarded 232,098 shares

(Very High)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SCHORSCH NICHOLAS S reported acquisition or exercise transactions in this Form 4 filing.

American Strategic Investment Co. reported that its external advisor, New York City Advisors, LLC, received a grant of 232,098 fully vested Class A common shares at $8.23 per share as compensation under the 2020 Advisor Omnibus Incentive Compensation Plan.

Following this award, the advisor holds 752,764 Class A shares indirectly controlled through entities ultimately managed by Nicholas S. Schorsch. Bellevue Capital Partners, LLC directly owns 1,070,620 Class A shares, and Mr. Schorsch directly owns 26,559 Class A shares.

Positive

  • None.

Negative

  • None.
Insider SCHORSCH NICHOLAS S, Bellevue Capital Partners, LLC, AR Global Investments, LLC, American Realty Capital III, LLC, New York City Special Ltd. Partnership, LLC, New York City Advisors, LLC
Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Type Security Shares Price Value
Grant/Award Class A common stock 232,098 $8.23 $1.91M
holding Class A common stock -- -- --
holding Class A common stock -- -- --
Holdings After Transaction: Class A common stock — 1,823,384 shares (Indirect, See footnote); Class A common stock — 26,559 shares (Direct)
Footnotes (4)
  1. F1. Fully-vested shares of Class A common stock of American Strategic Investment Co. (the "Issuer") issued pursuant to the 2020 Advisor Omnibus Incentive Compensation Plan of the Issuer to, and in connection with fees earned by, New York City Advisors, LLC, the external advisor of the Issuer (the "Advisor").
  2. F2. Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the ultimate controlling person of the Advisor, and has voting and investment discretion with respect to the securities held of record by the Advisor. BCP is the sole member of AR Global Investments, LLC, who is the sole member of American Realty Capital III, LLC ("ARC III"). ARC III is the sole member of New York City Special Limited Partnership, LLC, who is the sole member of the Advisor, the record holder of the securities reported herein.
  3. F3. Represents shares of Class A common stock directly owned by BCP. Mr. Nicholas S. Schorsch is the sole managing member of BCP, and has voting and investment discretion with respect to the securities held of record by BCP.
  4. F4. Represents shares of Class A common stock owned solely by Mr. Nicholas S. Schorsch.
Advisor share grant 232,098 shares Fully vested Class A common stock award
Grant value per share $8.23 per share Value used for Class A share grant
Advisor post-grant holdings 752,764 shares Class A common stock held by New York City Advisors, LLC
Bellevue Capital Partners holdings 1,070,620 shares Class A common stock directly owned by Bellevue Capital Partners, LLC
Nicholas S. Schorsch direct holdings 26,559 shares Class A common stock owned solely by Nicholas S. Schorsch
2020 Advisor Omnibus Incentive Compensation Plan financial
"issued pursuant to the 2020 Advisor Omnibus Incentive Compensation Plan of the Issuer"
external advisor financial
"New York City Advisors, LLC, the external advisor of the Issuer"
ten percent owner financial
"is_ten_percent_owner": 1"
fully-vested shares financial
"Fully-vested shares of Class A common stock of American Strategic Investment Co."
voting and investment discretion financial
"has voting and investment discretion with respect to the securities held of record"

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FAQ

What did American Strategic Investment Co. (NYC) disclose in this Form 4?

American Strategic Investment Co. disclosed that its external advisor, New York City Advisors, LLC, received 232,098 fully vested Class A common shares at $8.23 per share as compensation, reported as an acquisition under the company’s 2020 Advisor Omnibus Incentive Compensation Plan.

Who received the 232,098 American Strategic Investment Co. (NYC) shares?

The 232,098 fully vested Class A common shares were issued to New York City Advisors, LLC, the external advisor of American Strategic Investment Co., as fees earned under the 2020 Advisor Omnibus Incentive Compensation Plan, rather than being acquired in an open-market purchase.

How many American Strategic Investment Co. (NYC) shares does the advisor hold after this grant?

After the 232,098-share grant, New York City Advisors, LLC holds 752,764 Class A common shares. These shares are indirectly controlled through a chain of entities ultimately managed by Nicholas S. Schorsch, who has voting and investment discretion over the advisor’s holdings.

What is Nicholas S. Schorsch’s ownership in American Strategic Investment Co. (NYC)?

Nicholas S. Schorsch directly owns 26,559 Class A common shares and controls additional shares indirectly. Bellevue Capital Partners, LLC, where he is sole managing member, directly holds 1,070,620 Class A shares, and he also controls the advisor entity that received the new share grant.

At what price were the new American Strategic Investment Co. (NYC) shares valued in the Form 4?

The 232,098 fully vested Class A common shares issued to New York City Advisors, LLC were valued at $8.23 per share. This per-share figure reflects the grant value used for the compensation award under the 2020 Advisor Omnibus Incentive Compensation Plan.

What is the 2020 Advisor Omnibus Incentive Compensation Plan at American Strategic Investment Co. (NYC)?

The 2020 Advisor Omnibus Incentive Compensation Plan is a compensation program under which American Strategic Investment Co. can issue fully vested Class A common shares to its external advisor, New York City Advisors, LLC, in connection with fees earned for providing advisory services.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SCHORSCH NICHOLAS S

(Last)(First)(Middle)
C/O BELLEVUE CAPITAL PARTNERS, LLC
222 BELLEVUE AVENUE

(Street)
NEWPORT RHODE ISLAND 02840

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
American Strategic Investment Co. [ NYC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A common stock04/24/2026A232,098A$8.23(1)752,764ISee footnote(2)
Class A common stock1,070,620ISee footnote(3)
Class A common stock26,559D(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
SCHORSCH NICHOLAS S

(Last)(First)(Middle)
C/O BELLEVUE CAPITAL PARTNERS, LLC
222 BELLEVUE AVENUE

(Street)
NEWPORT RHODE ISLAND 02840

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Bellevue Capital Partners, LLC

(Last)(First)(Middle)
222 BELLEVUE AVENUE

(Street)
NEWPORT RHODE ISLAND 02840

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
AR Global Investments, LLC

(Last)(First)(Middle)
C/O BELLEVUE CAPITAL PARTNERS, LLC
222 BELLEVUE AVENUE

(Street)
NEWPORT RHODE ISLAND 02840

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
American Realty Capital III, LLC

(Last)(First)(Middle)
C/O BELLEVUE CAPITAL PARTNERS, LLC
222 BELLEVUE AVENUE

(Street)
NEWPORT RHODE ISLAND 02840

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
New York City Special Ltd. Partnership, LLC

(Last)(First)(Middle)
C/O BELLEVUE CAPITAL PARTNERS, LLC
222 BELLEVUE AVENUE

(Street)
NEWPORT RHODE ISLAND 02840

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
New York City Advisors, LLC

(Last)(First)(Middle)
C/O BELLEVUE CAPITAL PARTNERS, LLC
222 BELLEVUE AVENUE

(Street)
NEWPORT RHODE ISLAND 02840

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. Fully-vested shares of Class A common stock of American Strategic Investment Co. (the "Issuer") issued pursuant to the 2020 Advisor Omnibus Incentive Compensation Plan of the Issuer to, and in connection with fees earned by, New York City Advisors, LLC, the external advisor of the Issuer (the "Advisor").
2. Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the ultimate controlling person of the Advisor, and has voting and investment discretion with respect to the securities held of record by the Advisor. BCP is the sole member of AR Global Investments, LLC, who is the sole member of American Realty Capital III, LLC ("ARC III"). ARC III is the sole member of New York City Special Limited Partnership, LLC, who is the sole member of the Advisor, the record holder of the securities reported herein.
3. Represents shares of Class A common stock directly owned by BCP. Mr. Nicholas S. Schorsch is the sole managing member of BCP, and has voting and investment discretion with respect to the securities held of record by BCP.
4. Represents shares of Class A common stock owned solely by Mr. Nicholas S. Schorsch.
Remarks:
Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the Reporting Persons to the Issuer. // The Reporting Persons are filing this Form 4 because they may be deemed to be members of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding common stock. The Reporting Persons expressly disclaim beneficial ownership of the securities beneficially owned by the other group members. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
/s/ See signatures attached as Exhibit 99.105/04/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)