NYC advisor granted 232,098 shares at $8.23
SCHORSCH NICHOLAS S reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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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.
Insider Trade Summary
| 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 | -- | -- | -- |
Footnotes (4)
- 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").
- 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.
- 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.
- F4. Represents shares of Class A common stock owned solely by Mr. Nicholas S. Schorsch.
Key Figures
Key Terms
2020 Advisor Omnibus Incentive Compensation Plan financial
external advisor financial
ten percent owner financial
voting and investment discretion financial
FAQ
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What did American Strategic Investment Co. (NYC) disclose in this Form 4?
What is Nicholas S. Schorsch’s ownership in American Strategic Investment Co. (NYC)?
What is the 2020 Advisor Omnibus Incentive Compensation Plan at American Strategic Investment Co. (NYC)?
AI-generated analysis. How Rhea-AI works. Not financial advice.