TANNENBAUM LEONARD M 4

What Happened

• Leonard M. Tannenbaum, a reported 10% owner, made two open-market purchases of Advanced Flower Capital (AFCG) common stock: 29,000 shares at a weighted-average price of $2.44 on Mar 5, 2026 (≈ $70,760) and 1,270 shares at $2.47 on Mar 6, 2026 (≈ $3,137). Total purchased = 30,270 shares for approximately $73,897. These were purchases (acquisitions), which investors often view as a positive signal but are not proof of future performance.

Key Details

• Transaction dates and prices: Mar 5, 2026 — 29,000 shares at $2.44 (weighted average; trades ranged $2.37–$2.49); Mar 6, 2026 — 1,270 shares at $2.47.
• Total value: ≈ $73,897 for 30,270 shares.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes of note:
  • F1: Price for the Mar 5 trade is a weighted average of multiple executions ($2.37–$2.49); reporting person can provide full trade-by-trade details on request.
  • F2: The reporting person disclaims beneficial ownership of the securities (not an admission of beneficial ownership under Section 16).
  • F3: Shares are held by the Tannenbaum Family Foundation (Reporting Person is President); beneficial ownership is disclaimed except to the extent of any pecuniary interest.
• Filing date: Form 4 filed Mar 9, 2026, reporting transactions on Mar 5–6, 2026.

Context

• As a 10% owner and president of the family foundation that holds these shares, Tannenbaum’s transactions reflect foundation-level purchases rather than straightforward executive paycheck exercises. Purchases by insiders can be interpreted as alignment with the company, but they do not guarantee future stock performance. The filing’s footnotes emphasize limited beneficial-ownership claims and that detailed trade execution data is available on request.