Nicholas S. Schorsch - Apr 1, 2024 Form 4 Insider Report for American Strategic Investment Co. (NYC)

Role
10%+ Owner
Signature
/s/ See signatures attached as Exhibit 99.1
Stock symbol
NYC
Transactions as of
Apr 1, 2024
Transactions value $
$0
Form type
4
Date filed
4/3/2024, 04:34 PM
Previous filing
Mar 5, 2024
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYC Class A common stock Award $0 +68.3K +19.74% $0.00 414K Apr 1, 2024 See footnote F1, F2
transaction NYC Class A common stock Award $0 +22.9K +5.52% $0.00 437K Apr 1, 2024 See footnote F2, F3
holding NYC Class A common stock 785K Apr 1, 2024 See footnote F4
holding NYC Class A common stock 26.6K Apr 1, 2024 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Fully-vested shares of Class A common stock of New York City REIT, Inc. (the "Issuer") issued pursuant to the 2020 Advisor Omnibus Incentive Compensation Plan of the Issuer to, and in connection with amounts due to, 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 Fully-vested shares of Class A common stock of 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 Properties, LLC, the external property manager of the Issuer.
F4 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.
F5 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.