TANNENBAUM LEONARD M 4
4 · Advanced Flower Capital Inc. · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Advanced Flower Capital (AFCG) 10% Owner Leonard Tannenbaum Buys 29,040 Shares
What Happened
Leonard M. Tannenbaum, a reported 10% owner of Advanced Flower Capital, purchased 29,040 shares of AFCG in an open-market/private purchase on March 31, 2026. The weighted-average price was $2.76 per share for a total reported outlay of approximately $80,150. Purchases are generally viewed as a more informative insider signal than sales, though this report does not state a motivation.
Key Details
- Transaction date: 2026-03-31 (reported on Form 4 filed 2026-04-01). Transaction code: P = Purchase.
- Price: weighted average $2.76 per share (individual trades ranged from $2.67 to $2.81; reporting person offers to provide detailed trade-level data on request).
- Shares acquired: 29,040; total value ≈ $80,150.
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes: the shares are held by the Tannenbaum Family Foundation (formerly the Leonard M. Tannenbaum Foundation), for which Mr. Tannenbaum serves as President; he disclaims beneficial ownership except to the extent of any pecuniary interest. The report also disclaims that it should be taken as an admission of beneficial ownership for Section 16 purposes.
- Timeliness: Filing appears timely (Form 4 filed the next business day).
Context
- As a reported 10% owner and foundation president, this purchase reflects activity by an affiliated holder rather than necessarily personal trading by an executive.
- Footnote disclosure about the foundation and the disclaimer of beneficial ownership means the economic interest may be indirect; retail investors should treat this as a purchase by an affiliated entity.
- No options exercises, gifts, or tax-withholding events are reported in this transaction.
Insider Transaction Report
Form 4
TANNENBAUM LEONARD M
Director10% Owner
Transactions
- Purchase
Common Stock
[F1]2026-03-31$2.76/sh+29,040$80,150→ 6,426,175 total
Holdings
- 225,907(indirect: By Spouse)
Common Stock
[F2] - 180,400(indirect: See footnote)
Common Stock
[F3]
Footnotes (3)
- [F1]This transaction was executed in multiple trades ranging from $2.67 to $2.81; 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]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.
- [F3]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|2026-04-01