American Strategic CFO Adjusts Equity Holdings
The transaction reflects administrative adjustments tied to prior vesting of restricted shares, not open-market activity.
May 29, 2025
American Strategic Investment Co. CFO Reports Share Reduction in Tax-Related Adjustment
On May 22, 2025, American Strategic Investment Co.’s Chief Financial Officer, Michael Joseph LeSanto, had 394 shares of Class A Common Stock withheld to cover taxes on vested restricted stock. The shares were valued at $10.80 each, and the transaction was formally disclosed in a regulatory filing submitted on May 28.
This move wasn’t about buying or selling shares in the market—it was a routine equity adjustment tied to tax compliance. When restricted shares vest, taxes are due. Withholding shares is one way to settle that liability, and that's exactly what happened here.
After the transaction:
- LeSanto directly held 5,400 shares of Class A Common Stock.
- No changes were made to indirect holdings.
- No derivative securities were involved.
This updated number also corrects a previous filing from May 12, which had understated his holdings following a smaller tax withholding event on April 22. That earlier report omitted 1,216 shares that should have remained in his account.
There’s no indication of trading activity or shifts in investment strategy. The adjustments reflect standard equity compensation procedures designed to ensure accurate, up-to-date reporting on executive stock positions.
For American Strategic, this filing keeps the record straight. It’s a simple update—just timely information reflecting how the company handles executive stock events behind the scenes.
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