TANNENBAUM LEONARD M 4
4 · Advanced Flower Capital Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Advanced Flower Capital (AFCG) 10% Owner Leonard Tannenbaum Buys Stock
What Happened
Leonard M. Tannenbaum, reported as a 10% owner and President of the Tannenbaum Family Foundation, purchased 90,600 shares of Advanced Flower Capital Inc. in open-market transactions on May 14, 2026. The weighted average price reported was $2.84 per share, for a total purchase value of approximately $257,304. This was a purchase (buy), which is generally viewed as a more informative signal than routine sales.
Key Details
- Transaction type: Purchase (code P) — open market/private purchase reported as aggregated trade.
- Transaction date: 2026-05-14. Report filed: 2026-05-19 (filed one day late due to an administrative error).
- Price: weighted average $2.84; individual trades ranged $2.78–$2.86 (footnote F1).
- Shares acquired: 90,600; total value ≈ $257,304.
- Ownership after transaction: not specified in the provided filing.
- Beneficial ownership notes: Reporting person disclaims beneficial ownership; shares are held by the Tannenbaum Family Foundation (formerly Leonard M. Tannenbaum Foundation), for which he serves as President and he disclaims ownership except to the extent of any pecuniary interest (footnotes F2, F3). The filer also offered to supply full trade-level details on request (F1).
Context
Because the reported shares are held by a family foundation and the filer disclaims beneficial ownership except for any pecuniary interest, this filing reflects institutional/foundation-level activity rather than a direct personal stake change. The one-day late filing is noted in the form’s remarks; late filings can matter for disclosure timeliness but do not by themselves imply wrongdoing.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-05-14$2.84/sh+90,600$257,304→ 6,516,775 total
- 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 $2.78 to $2.86; 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.