Schorsch entities (NYSE: NYC) add stock and receive 251,703-share award
Rhea-AI Filing Summary
American Strategic Investment Co. reported insider-related increases in holdings of its Class A common stock. Entities ultimately controlled by Nicholas S. Schorsch received 251,703 fully vested shares at $8.37 per share in connection with fees earned by New York City Advisors, LLC, the company’s external advisor.
In addition, Bellevue Capital Partners, LLC, which is controlled by Schorsch, executed open‑market purchases of 1,000 shares at a weighted average price of $8.39 per share and 5,000 shares at a weighted average price of $9.27 per share. Following these transactions, indirect holdings through the advisor structure totaled 1,081,620 shares, while Schorsch also directly owned 26,559 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A common stock | 5,000 | $9.27 | $46K |
| Grant/Award | Class A common stock | 251,703 | $8.37 | $2.11M |
| Purchase | Class A common stock | 1,000 | $8.39 | $8K |
| holding | Class A common stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $8.35-$8.44, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above. 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. Fully-vested shares of Class A common stock of American Strategic Investment Co. (the "Issuer") issued pursuant to the 2020 AdvisorOmnibus Incentive Compensation Plan of the Issuer to, and in connection with fees earned by, New York City Advisors, LLC, the external advisorof the Issuer (the "Advisor"). The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $8.84-$9.43, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above. 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. Represents shares of Class A common stock owned solely by Mr. Nicholas S. Schorsch.