TANNENBAUM LEONARD M 4
4 · Advanced Flower Capital Inc. · Filed Mar 30, 2026
Research Summary
AI-generated summary of this filing
Advanced Flower Capital (AFCG) 10% Owner Leonard Tannenbaum Buys Shares
What Happened
Leonard M. Tannenbaum, listed as a 10% owner of Advanced Flower Capital, reported two purchases of AFCG shares. On 2026-03-26 he acquired 19,729 shares at $2.60 ($51,295) and on 2026-03-27 he acquired 4,300 shares at $2.60 ($11,180), for a total of 24,029 shares purchased for $62,475. These transactions are reported as purchases (code P), which are generally viewed as a more bullish signal than sales.
Key Details
- Transaction dates and prices: 2026-03-26 — 19,729 shares @ $2.60; 2026-03-27 — 4,300 shares @ $2.60.
- Total acquired: 24,029 shares; total value: $62,475.
- Transaction type: P = Purchase (open market or private purchase reported).
- Shares owned after transaction: not specified in the filing.
- Filing: Report filed 2026-03-30 (covers period 2026-03-26); filing appears timely (within the standard 2-business-day Form 4 window).
- Footnotes:
- F1: Reporting person disclaims beneficial ownership of these securities.
- F2: Shares are held by the Tannenbaum Family Foundation (formerly Leonard M. Tannenbaum Foundation), for which Mr. Tannenbaum is President; he disclaims beneficial ownership except to the extent of any pecuniary interest.
Context
These purchases were reported for a 10% owner and involve shares held by a family foundation, not necessarily direct personal holdings. The filing’s footnotes indicate the Reporting Person disclaims beneficial ownership except for pecuniary interest, which is common when securities are owned by trusts or foundations. The transactions were purchases (not option exercises or gifts), and the filing was submitted within the expected reporting timeframe.
Insider Transaction Report
- Purchase
Common Stock
2026-03-26$2.60/sh+19,729$51,295→ 6,392,835 total - Purchase
Common Stock
2026-03-27$2.60/sh+4,300$11,180→ 6,397,135 total
- 218,907(indirect: By Spouse)
Common Stock
[F1] - 180,400(indirect: See footnote)
Common Stock
[F2]
Footnotes (2)
- [F1]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.
- [F2]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.