Advanced Flower Capital (AFCG) 10% Owner Leonard Tannenbaum Buys Stock

What Happened

• Leonard M. Tannenbaum, identified as a 10% owner, purchased 35,000 shares of Advanced Flower Capital Inc. (AFCG) in open-market transactions on September 10, 2026. The reported weighted-average price was $3.46 per share, for a total reported cost of $121,100. This was a purchase (code P), which is generally viewed as a bullish transaction information-wise.

Key Details

• Transaction date: 2026-09-10 (filed with the SEC on 2026-09-11 — appears timely under Section 16 reporting rules).
• Price: weighted-average $3.46; actual trades ranged $3.43–$3.50 (Reporting Person will provide breakdown on request) — see footnote F1.
• Shares acquired: 35,000; total value reported: $121,100.
• Shares owned after the transaction: not specified in the excerpt provided.
• Footnotes: F2 disclaims beneficial ownership of these securities for Section 16 purposes; F3 notes the shares are held by the Tannenbaum Family Foundation (formerly Leonard M. Tannenbaum Foundation), of which Tannenbaum is President, and he disclaims beneficial ownership except to the extent of any pecuniary interest.

Context

• This filing reflects an outright open-market purchase rather than option exercise, gift, or award. Because the shares are held in a family foundation and the filer disclaims beneficial ownership except for pecuniary interest, this may reflect institutional or family-directed ownership arrangements rather than direct personal trading decisions. Purchases by insiders or related parties are often watched by investors as a signal of confidence, but the filing itself does not state motives.