AFCG 10% Owner Leonard M. Tannenbaum Buys 2,949 Shares

What Happened
Leonard M. Tannenbaum, identified as a 10% owner of Advanced Flower Capital Inc. (AFCG), made two purchases totaling 2,949 shares: 608 shares at $3.50 on 2026-09-15 ($2,128) and 2,341 shares at $3.43 on 2026-09-16 ($8,030), for a combined outlay of $10,158. These were purchases (not sales), which are often viewed as a more informative signal than routine sales, though no motive is stated.

Key Details

• Transaction dates and prices: 2026-09-15 — 608 shares @ $3.50; 2026-09-16 — 2,341 shares @ $3.43.
• Total shares purchased: 2,949; total value: $10,158.
• Filing date: Form 4 filed 2026-09-17 (appears timely under Section 16 two-business-day rule).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • F1 — Reporting person disclaims beneficial ownership of these securities.
  • F2 — Shares are held by the Tannenbaum Family Foundation (the Reporting Person is President); he disclaims beneficial ownership except to the extent of his pecuniary interest.

Context

• As a 10% owner, Tannenbaum’s transactions reflect significant-owner reporting and involve foundation-held shares; this differs from executive trading and may reflect institutional or family foundation activity rather than personal trading.
• No options, awards, gifts, or 10b5-1 plan references were reported in the provided details.
• The footnotes indicate the shares are held in a family foundation and the reporting person disclaims beneficial ownership beyond any pecuniary interest, which is common for foundation-related filings.