TANNENBAUM LEONARD M 4

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.