The insider's intent to sell, while small in absolute terms, adds to a bearish technical picture given the stock's negative post-filing drift history and overwhelmingly negative analyst sentiment. Traders should watch for actual execution of the sale on Form 4; if the full 15,000 shares are sold, it could exacerbate selling pressure in a thinly traded micro-cap REIT.
Price Chart
Executive Summary
Edward M. Weil Jr., an affiliate of American Strategic Investment Co. (NYSE: NYC), filed a Form 144 notice of intent to sell up to 15,000 shares of common stock, with an estimated aggregate market value of $120,000. The shares to be sold were acquired as compensation on July 9, 2026. This is a relatively small proposed sale relative to the company's $22M market cap, but it comes amid a backdrop of weak analyst sentiment (0% bullish) and a history of negative post-filing stock drift for this ticker, making it a modestly bearish signal for the near term.
Key Facts
- Edward M. Weil Jr. filed a Form 144 to sell up to 15,000 shares of NYC common stock.
- Estimated aggregate market value of the proposed sale is $120,000.
- Shares were acquired as compensation on July 9, 2026.
- The company's market cap is approximately $22M, making the proposed sale about 0.5% of market cap.
- Analyst consensus is heavily bearish: 0% bullish, with 4 Sell and 1 Strong Sell ratings.
Financial Impact
Proposed sale of 15,000 shares valued at ~$120,000, representing ~0.5% of the $22M market cap.
Risk Factors
- Form 144 is an intent to sell; the sale may not be executed.
- The company's small market cap ($22M) means even modest selling can have outsized price impact.
- Persistent negative analyst sentiment and poor historical post-filing performance suggest structural headwinds.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001628280-26-058569 |
| Document: 0001628280-26-058569-index.html | 0001628280-26-058569 |
| Document: 0001628280-26-058569.txt | 0001628280-26-058569 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 6w ago | 144 | $6.10 $5.62 | ▲ +7.87% | ▲ +10.13% | $5.84 (+4.26%) |
Aug 28, 2026 8w ago | 144 | $6.26 $6.50 | ▼ −3.80% | ▼ −3.29% | $5.84 (+6.74%) |
Aug 24, 2026 9w ago | 144 | $6.46 $6.05 | ▲ +6.35% | ▲ +7.66% | $5.84 (+9.60%) |
Aug 13, 2026 10w ago | 144 | $7.58 $6.20 | ▼ −18.21% | ▼ −16.46% | $5.84 (−22.96%) |
Aug 4, 2026 12w ago | 8-K | $9.39 $6.24 | ▼ −33.55% | ▼ −32.31% | $5.84 (−37.81%) |
Jul 13, 2026 15w ago | 8-K | $8.41 $8.00 | ▼ −4.88% | ▼ −7.37% | $5.84 (−30.56%) |
May 15, 2026 23w ago | 8-K | $9.50 $8.22 | ▼ −13.47% | ▼ −15.59% | $5.84 (−38.53%) |
May 15, 2026 23w ago | 8-K | $9.50 $8.22 | ▲ +13.47% | ▲ +15.59% | $5.84 (+38.53%) |
May 1, 2026 25w ago | 8-K | $8.00 $8.68 | ▲ +8.50% | ▲ +2.85% | $5.84 (−27.00%) |
Apr 15, 2026 27w ago | 8-K | $7.95 $8.57 | ▼ −7.83% | ▼ −2.01% | $5.84 (+26.52%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers