Form 4 for NYC American Strategic Investment Co.
Accepted 2023-03-01 00:00:00 ET · period of report 2023-02-27 · accession 0000950142-23-000554 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2023-03-01 | 2023-02-27 | NYC | SCHORSCH NICHOLAS S | 10% | A - Grant | $12.95 | +368.0K | 275.4K | New | +$4.77M |
| 2023-03-01 | 2023-02-27 | NYC | SCHORSCH NICHOLAS S | 10% | A - Grant | $12.95 | +11.6K | 26.6K | +77% | +$149.8K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A common stock | 2023-02-27 | A | A | 238,097 | $12.95 | 504,857 | I See footnote | — | — | (F1) Shares of Class A common stock of American Strategic Investment Co. (the "Issuer") acquired pursuant to a rights offering, pursuant to which the Issuer distributed non-transferable rights (the "Subscription Rights") to its stockholders of record as of January 12, 2023, to purchase 0.20130805 of a share of Class A common stock for every Subscription Right at a subscription price of $12.95 per whole share. Includes shares acquired pursuant to an oversubscription option under which stockholders who fully exercised their Subscription Rights were entitled to subscribe for additional shares of Class A common stock that remained unsubscribed as a result of unexercised Subscription Rights, subject to certain terms and conditions. (F2) Reflects the completion on January 11, 2023 by the Issuer of a 1-for-8 reverse split of the Common Stock. (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. |
| 2 | Common | Class A common stock | 2023-02-27 | A | A | 129,859 | $12.95 | 275,351 | I See footnote | — | — | (F1) Shares of Class A common stock of American Strategic Investment Co. (the "Issuer") acquired pursuant to a rights offering, pursuant to which the Issuer distributed non-transferable rights (the "Subscription Rights") to its stockholders of record as of January 12, 2023, to purchase 0.20130805 of a share of Class A common stock for every Subscription Right at a subscription price of $12.95 per whole share. Includes shares acquired pursuant to an oversubscription option under which stockholders who fully exercised their Subscription Rights were entitled to subscribe for additional shares of Class A common stock that remained unsubscribed as a result of unexercised Subscription Rights, subject to certain terms and conditions. (F2) Reflects the completion on January 11, 2023 by the Issuer of a 1-for-8 reverse split of the Common Stock. (F3) Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the ultimate controlling person of New York City Advisors, LLC, and has voting and investment discretion with respect to the securities held of record by New York City Advisors, LLC. 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 New York City Advisors, LLC, the record holder of the securities reported herein. |
| 3 | Common | Class A common stock | 2023-02-27 | A | A | 11,571 | $12.95 | 26,559 | D | — | — | (F1) Shares of Class A common stock of American Strategic Investment Co. (the "Issuer") acquired pursuant to a rights offering, pursuant to which the Issuer distributed non-transferable rights (the "Subscription Rights") to its stockholders of record as of January 12, 2023, to purchase 0.20130805 of a share of Class A common stock for every Subscription Right at a subscription price of $12.95 per whole share. Includes shares acquired pursuant to an oversubscription option under which stockholders who fully exercised their Subscription Rights were entitled to subscribe for additional shares of Class A common stock that remained unsubscribed as a result of unexercised Subscription Rights, subject to certain terms and conditions. (F2) Reflects the completion on January 11, 2023 by the Issuer of a 1-for-8 reverse split of the Common Stock. (F5) Represents shares of Class A common stock owned solely by Mr. Nicholas S. Schorsch. |