Advisor to American Strategic (NYSE: NYC) awarded 232,098 shares
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 Trade Summary
Net Buyer: 232,098 shares
Net Buy
3 txns
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)
- 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
Advisor share grant: 232,098 shares
Grant value per share: $8.23 per share
Advisor post-grant holdings: 752,764 shares
+2 more
5 metrics
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
Key Terms
2020 Advisor Omnibus Incentive Compensation Plan, external advisor, ten percent owner, fully-vested shares, +1 more
5 terms
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"
voting and investment discretion financial
"has voting and investment discretion with respect to the securities held of record"
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.
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.
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.