Tannenbaum Robyn 4

What Happened
Robyn Tannenbaum, President and Chief Investment Officer of Advanced Flower Capital Inc. (AFCG), acquired 7,000 shares on 2026-03-31 at $2.80 per share for a total cash outlay of $19,600. The reported transaction type is a purchase (code P), recorded as an open-market or private purchase. Purchases by executives are often viewed as a more informative signal than sales, though no motive is stated in the filing.

Key Details

• Transaction date and price: 2026-03-31 — 7,000 shares at $2.80 each (total $19,600).
• Transaction type: P = Purchase (open market or private purchase).
• Shares owned after transaction: Not disclosed in the provided Form 4.
• Footnotes:
  • F1: The reporting person disclaims beneficial ownership of these securities.
  • F2: The shares are held by the Tannenbaum Family Foundation (formerly Leonard M. Tannenbaum Foundation), for which the reporting person’s spouse is President; the reporting person disclaims beneficial ownership except to the extent of her pecuniary interest.
• Timeliness: Filing date 2026-04-01 for a 2026-03-31 trade — filed within the usual SEC Form 4 reporting window (timely).

Context
This was a direct purchase, not an option exercise, award, or gift. Because the shares are reported as held by a family foundation with a spousal officer and the reporting person disclaims beneficial ownership (per footnotes), the filing indicates a purchase associated with that foundation structure rather than clear individual ownership. Retail investors should view this as an executive-linked purchase but interpret ownership and intent with those disclaimers in mind.