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Advanced Flower Capital Inc.·4

Mar 24, 4:58 PM ET

TANNENBAUM LEONARD M 4

Research Summary

AI-generated summary

Updated

Advanced Flower Capital (AFCG) 10% Owner Leonard Tannenbaum Buys Shares

What Happened Leonard M. Tannenbaum, identified as a 10% owner of Advanced Flower Capital, reported three open-market/private purchases totaling 174,517 shares for aggregate consideration of approximately $447,389. The filings show: 115,237 shares on 2026-03-20 at a weighted average $2.55 ($293,854), 14,366 shares on 2026-03-23 at a weighted average $2.59 ($37,208), and 44,914 shares on 2026-03-24 at a weighted average $2.59 ($116,327). These were purchases (acquisitions), which are generally viewed as more informative to investors than routine sales.

Key Details

  • Transaction dates and reported weighted-average prices:
    • 2026-03-20: 115,237 shares @ $2.55 (weighted; actual trades ranged $2.48–$2.60) — $293,854. (Footnote F1)
    • 2026-03-23: 14,366 shares @ $2.59 (weighted; actual trades ranged $2.58–$2.60) — $37,208. (Footnote F2)
    • 2026-03-24: 44,914 shares @ $2.59 — $116,327.
  • Total acquired: 174,517 shares for ~$447,389.
  • Shares owned after the transactions: Not specified in the Form 4 excerpt provided.
  • Notable footnotes:
    • F1/F2: Prices are weighted averages across multiple trades; the reporting person will provide full trade-level details on request.
    • F3/F4: The report includes disclaimers — the Reporting Person disclaims beneficial ownership of certain securities; F4 states these shares are held by the Tannenbaum Family Foundation (formerly the Leonard M. Tannenbaum Foundation), for which he is President, and he disclaims beneficial ownership except to the extent of any pecuniary interest.
  • Filing: Report filed on 2026-03-24 covering transactions dated 2026-03-20 through 2026-03-24. No late-filing flag was indicated in the provided information.

Context These were direct purchases (transaction code P) by a 10% owner and not an option exercise, gift, or sale. For retail investors, purchases by significant holders can signal confidence but do not by themselves prove future performance; the foundation ownership and beneficial ownership disclaimers mean the shares may be held in an entity rather than personally.