Home / Auditor changes / American Strategic Investment Co.
Filed 2025-10-21 路 Form 8-K 路 Accession 0001104659-25-101262 nano
Price before filing: $9.85 (2025-10-20 close, split/dividend-adjusted)
Market cap at flag: $25.0M (2025-10-21) 路 Latest: $15.7M (2026-10-16)
| Window | NYC | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -21.5% | -2.8% | -18.7% | 2025-11-20 |
| 90 days | +6.9% | +1.2% | +5.7% | 2026-01-20 |
| 180 days | -13.5% | +6.2% | -19.7% | 2026-04-20 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider bought $111K (15 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-08-28 | SCHORSCH NICHOLAS S (+5 joint filers) 10% owner | Purchase | 302 | $11.28 | $3K | no | Form 4 |
| 2025-08-29 | SCHORSCH NICHOLAS S (+5 joint filers) 10% owner | Purchase | 302 | $10.94 | $3K | no | Form 4 |
| 2025-09-02 | SCHORSCH NICHOLAS S (+5 joint filers) 10% owner | Purchase | 350 | $10.36 | $4K | no | Form 4 |
| 2025-09-03 | SCHORSCH NICHOLAS S (+5 joint filers) 10% owner | Purchase | 314 | $10.84 | $3K | no | Form 4 |
| 2025-09-04 | SCHORSCH NICHOLAS S (+5 joint filers) 10% owner | Purchase | 314 | $10.30 | $3K | no | Form 4 |
| 2025-09-05 | SCHORSCH NICHOLAS S (+5 joint filers) 10% owner | Purchase | 314 | $9.98 | $3K | no | Form 4 |
| 2025-09-08 | SCHORSCH NICHOLAS S (+5 joint filers) 10% owner | Purchase | 450 | $10.10 | $5K | no | Form 4 |
| 2025-09-09 | SCHORSCH NICHOLAS S (+5 joint filers) 10% owner | Purchase | 450 | $9.88 | $4K | no | Form 4 |
| 2025-09-12 | SCHORSCH NICHOLAS S (+5 joint filers) 10% owner | Purchase | 450 | $9.79 | $4K | no | Form 4 |
| 2025-09-16 | SCHORSCH NICHOLAS S (+5 joint filers) 10% owner | Purchase | 729 | $9.88 | $7K | no | Form 4 |
| 2025-09-17 | SCHORSCH NICHOLAS S (+5 joint filers) 10% owner | Purchase | 729 | $9.91 | $7K | no | Form 4 |
| 2025-09-19 | SCHORSCH NICHOLAS S (+5 joint filers) 10% owner | Purchase | 729 | $9.88 | $7K | no | Form 4 |
| 2025-09-22 | SCHORSCH NICHOLAS S (+5 joint filers) 10% owner | Purchase | 1,863 | $9.89 | $18K | no | Form 4 |
| 2025-09-24 | SCHORSCH NICHOLAS S (+5 joint filers) 10% owner | Purchase | 1,863 | $9.94 | $19K | no | Form 4 |
| 2025-09-25 | SCHORSCH NICHOLAS S (+5 joint filers) 10% owner | Purchase | 1,863 | $10.13 | $19K | no | Form 4 |
| 2025-10-21: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-07-23 to 2025-11-20. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"(the "Company") dismissed PricewaterhouseCoopers LLP ("PwC") as the Company's independent registered public accounting firm, effectively immediately."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: dismissed
Disagreements reported: no
Former auditor: PricewaterhouseCoopers LLP · New auditor: CBIZ CPAs P.C.
Why this score: also within 90 days: Going-concern doubt
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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