Nicholas S. Schorsch - 01 Nov 2022 Form 4 Insider Report for New York City REIT, Inc. (NYC)

Role
10%+ Owner
Signature
/s/ See signatures attached as Exhibit 99.1
Issuer symbol
NYC
Transactions as of
01 Nov 2022
Transactions value $
$0
Form type
4
Date filed
02 Nov 2022, 21:02
Previous filing
04 Oct 2022
Next filing
02 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYC Class A common stock Award $0 +155K +27.59% $0.00 715K 01 Nov 2022 See footnote F1, F2
holding NYC Class A common stock 2.13M 01 Nov 2022 See footnote F3
holding NYC Class A common stock 120K 01 Nov 2022 Direct F4
* 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 fees earned by, New York City Advisors, LLC, the external advisor of the Issuer.
F2 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.
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.

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.