Advanced Flower Capital (AFCG) 10% Owner Leonard Tannenbaum Buys 25,000 Shares

What Happened
Leonard M. Tannenbaum, reported as a 10% owner, acquired 25,000 shares of Advanced Flower Capital, Inc. (AFCG) in an open-market purchase on August 21, 2026. The filing reports a weighted-average price of $3.28 per share, for a total reported transaction value of approximately $82,000. This was a purchase (an acquisition) rather than a sale.

Key Details

• Transaction date: August 21, 2026 (reported on Form 4 filed August 24, 2026). The filing appears to be timely.
• Price: Weighted average $3.28; trades ranged from $3.27 to $3.30 (Footnote F1).
• Shares acquired: 25,000; total reported value ≈ $82,000.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes of note:
  • F1: Price is weighted average across multiple trades; reporting person will provide full trade-by-trade details on request.
  • F2: Reporting person disclaims beneficial ownership of these securities for purposes of Section 16.
  • F3: Shares are held by the Tannenbaum Family Foundation (formerly Leonard M. Tannenbaum Foundation); Tannenbaum serves as President and disclaims beneficial ownership except to the extent of his pecuniary interest.

Context
Because these shares are held by the Tannenbaum Family Foundation and the reporting person is a 10% owner, this is institutional/foundational ownership reporting rather than a simple executive payroll trade. Purchases by insiders can be more informative than routine sales, but the filing’s footnotes (disclaimers of beneficial ownership and foundation ownership) are important to consider when interpreting the economic stake.