TANNENBAUM LEONARD M 4
4 · Advanced Flower Capital Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
AFCG 10% Owner Leonard Tannenbaum Buys 51,808 Shares
What Happened
Leonard M. Tannenbaum, a reported 10% owner of Advanced Flower Capital, purchased a total of 51,808 shares in open‑market/private purchases across three trades. The purchases were: 2,502 shares on 2026-03-12 ($2.59 avg, $6,480), 15,018 shares on 2026-03-13 ($2.60 avg, $39,047), and 34,288 shares on 2026-03-16 (~$2.59 avg, $88,806). Total consideration for the combined purchases was about $134,333 (≈$2.59 per share weighted average). These were purchases (a buy signal rather than a sale).
Key Details
- Transaction dates and reported prices:
- 2026-03-12: 2,502 shares, $2.59 reported (weighted avg; trades ranged $2.59–$2.60)
- 2026-03-13: 15,018 shares, $2.60 reported (weighted avg; trades ranged $2.58–$2.60)
- 2026-03-16: 34,288 shares, $2.59 reported (weighted avg)
- Total purchased: 51,808 shares for ~$134,333 (approx. $2.59/share).
- Shares owned after transaction: not specified in the Form 4 provided.
- Footnotes of note:
- Weighted‑average pricing disclosed; reporting person will provide trade‑level details on request (F1, F2).
- The reporting person disclaims beneficial ownership for some reported securities and states some shares are held by the Tannenbaum Family Foundation, where he is President; he disclaims beneficial ownership except to the extent of pecuniary interest (F3, F4).
- Filing timeliness: Form 4 filed 2026-03-16 covering trades 3/12–3/16; filing date appears to meet standard Section 16 reporting timelines.
Context
- As a reported 10% owner, Tannenbaum is a large insider/institutional holder; such purchases represent a personal/foundation acquisition rather than an executive stock option exercise or grant.
- The filing’s footnotes and foundation holding language mean beneficial ownership is limited to pecuniary interest; this is a common reporting detail and not a statement of intent or market outlook.
Insider Transaction Report
Form 4
TANNENBAUM LEONARD M
Director10% Owner
Transactions
- Purchase
Common Stock
[F1]2026-03-12$2.59/sh+2,502$6,480→ 5,998,083 total - Purchase
Common Stock
[F2]2026-03-13$2.60/sh+15,018$39,047→ 6,013,101 total - Purchase
Common Stock
[F2]2026-03-16$2.59/sh+34,288$88,806→ 6,047,389 total
Holdings
- 218,907(indirect: By Spouse)
Common Stock
[F3] - 180,400(indirect: See footnote)
Common Stock
[F4]
Footnotes (4)
- [F1]This transaction was executed in multiple trades ranging from $2.59 to $2.60; the price reported reflects the weighted average price. The Reporting Person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or any security holder of the issuer.
- [F2]This transaction was executed in multiple trades ranging from $2.58 to $2.60; the price reported reflects the weighted average price. The Reporting Person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or any security holder of the issuer.
- [F3]The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F4]These shares are held by the Tannenbaum Family Foundation (formerly known as the Leonard M. Tannenbaum Foundation), for which the Reporting Person serves as the President. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
Signature
/s/ Gabriel A. Katz, as Attorney-in-Fact|2026-03-16