Advanced Flower Capital (AFCG) 10% Owner Leonard Tannenbaum Buys 20,000 Shares

What Happened

• Leonard M. Tannenbaum, a reported 10% owner and President of the Tannenbaum Family Foundation, purchased 20,000 shares of Advanced Flower Capital Inc. (AFCG) on 2026-08-20. The weighted average price reported was $3.29 per share, for a total of approximately $65,800. The transaction code is "P" (purchase) and was executed as open market or private purchase.

Key Details

• Transaction date: 2026-08-20 (filed with the SEC on 2026-08-21 — timely)
• Price: weighted average $3.29 per share; trades ranged $3.29–$3.30 (footnote F1)
• Shares acquired: 20,000; aggregate value ≈ $65,800
• Shares held after transaction: not specified in the provided filing details
• Notable footnotes:
  • F1: Multiple trades at $3.29–$3.30; weighted average price reported; reporting person will provide full trade breakdown on request.
  • F2: Reporting person disclaims beneficial ownership of these securities (not an admission of beneficial ownership under Section 16).
  • F3: Shares are held by the Tannenbaum Family Foundation (formerly Leonard M. Tannenbaum Foundation); the reporting person serves as President and disclaims beneficial ownership except to the extent of any pecuniary interest.

Context

• This was a purchase (a bullish signal in the sense of acquiring stock), but the shares are held in a foundation, and the reporting person formally disclaims beneficial ownership except for pecuniary interest. As a 10% owner, Tannenbaum’s transactions are material and must be reported under Section 16; this filing appears timely (next-day filing). No options, awards, or sales were involved in this report.