TANNENBAUM LEONARD M 4

What Happened
Leonard M. Tannenbaum, a reported 10% owner of Advanced Flower Capital Inc. (AFCG), purchased a total of 104,213 shares in open-market transactions on March 9–10, 2026. The filings show purchases of 102,213 shares at a weighted-average price of $2.54 (total ~$259,621) on Mar 9 and 2,000 shares at a weighted-average price of $2.57 (total $5,140) on Mar 10, for an aggregate cost of approximately $264,761. These were purchases (a net buy), which some investors view as a bullish signal, though no motive is stated.

Key Details

• Transaction dates: March 9, 2026 (102,213 shares) and March 10, 2026 (2,000 shares).
• Reported prices and totals: 102,213 @ $2.54 = $259,621; 2,000 @ $2.57 = $5,140; combined ≈ $264,761.
• Price ranges: Mar 9 trades executed across $2.48–$2.60 (weighted avg reported); Mar 10 trades executed across $2.55–$2.58 (weighted avg reported). Reporting person offers to provide full trade-level details on request (footnotes).
• Shares owned after transaction: Not specified in the provided summary of the Form 4; see the filing for the exact post-transaction beneficial ownership number.
• Footnotes: The filing includes disclaimers that the Reporting Person disclaims beneficial ownership of certain securities and notes that some shares are held by the Tannenbaum Family Foundation (formerly Leonard M. Tannenbaum Foundation), of which he is President (disclaims ownership except to the extent of pecuniary interest).
• Filing timeliness: Reported period date Mar 9, 2026 and filed Mar 11, 2026—filed within the typical 2-business-day Form 4 window (i.e., not shown as late).

Context

• As a 10% owner, Tannenbaum is a large shareholder; this is insider/owner buying rather than an employee/executive exercising options.
• The purchases were executed in multiple trades (weighted-average prices reported); the filing’s footnotes indicate more granular trade details are available on request.
• Purchases by insiders can be informative to retail investors, but they don’t guarantee future stock performance; the filing contains no statement of intent or reason for the buys.