American Strategic Investment Co. Officer Adjusts Shareholding

A transaction adjusts the executive's ownership balance at the real estate-focused firm.

December 06, 2024

Transaction Summary

American Strategic Investment Co.'s Chief Financial Officer, Michael Joseph LeSanto, recently reported changes to his ownership of the company’s Class A common stock. The adjustment, detailed in a Form 4 filing, resulted from shares withheld to cover tax obligations related to the vesting of restricted stock previously awarded.

According to the filing, a total of 27 shares were deducted at a price of $8.22 per share, reflecting a transaction executed on December 3, 2024. The post-transaction ownership balance for Mr. LeSanto stands at 5,808 shares, all held directly.

Implications for Shareholders

This activity underscores common practices where corporate officers manage tax liabilities associated with equity-based compensation. Such transactions, while routine, provide transparency and assurance to shareholders regarding adherence to regulations governing insider activities.

American Strategic Investment Co. operates in the real estate investment sector, leveraging strategic assets and market positioning to enhance shareholder value. This transaction does not imply strategic changes or performance updates but aligns with regulatory reporting norms under the Securities Exchange Act of 1934.

Shareholders and analysts tracking the company’s stock performance may interpret such filings as part of broader trends in executive equity management but should note the limited financial impact of this individual transaction.

The company’s ticker symbol remains NYC, with shares traded on a public exchange platform.