Advanced Flower Capital (AFCG) 10% Owner Leonard Tannenbaum Buys 60k Shares

What Happened

• Leonard M. Tannenbaum, reported as a 10% owner of Advanced Flower Capital, purchased a total of 60,000 common shares in two open-market transactions on Aug 24–25, 2026. The buys were reported at weighted-average prices of $3.41 (30,000 shares, $102,300) and $3.40 (30,000 shares, $102,000), for a combined cash outlay of approximately $204,300. Purchases are straightforward open-market acquisitions (code P), which investors often view as more informative than routine sales.

Key Details

• Transaction dates and prices:
  • 2026-08-24: 30,000 shares, weighted-average $3.41 (actual trades ranged $3.40–$3.42) — $102,300 (F1).
  • 2026-08-25: 30,000 shares, weighted-average $3.40 (actual trades ranged $3.39–$3.41) — $102,000 (F2).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing info: Form filed Aug 26, 2026 reporting transactions on Aug 24–25, 2026 (appears to meet the Form 4 two-business-day filing window).
• Notable footnotes:
  • F1/F2: Reported prices are weighted averages across multiple trades; the filer will provide full trade-by-trade breakdown on request.
  • F3/F4: The reporting person disclaims direct beneficial ownership; the shares are held by the Tannenbaum Family Foundation (formerly Leonard M. Tannenbaum Foundation), for which he serves as President, and he disclaims beneficial ownership except to the extent of his pecuniary interest.

Context

• As a reported 10% owner, Tannenbaum’s purchases are holdings-related and may reflect foundation-level buying rather than personal trading by an executive. The foundation-holdings and the disclaimer of beneficial ownership are important: they mean the reported trades reflect the foundation’s acquisitions and the filer disclaims direct beneficial ownership beyond any pecuniary interest. No options, awards, gifts, or tax-withholding events are involved in these transactions.