TANNENBAUM LEONARD M 4

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.