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

What Happened Leonard M. Tannenbaum, reported as a 10% owner of Advanced Flower Capital Inc. (AFCG), purchased 10,000 common shares on 2026-09-18 at $3.49 per share, for a total transaction value of $34,900. The form reports the acquisition as an open market or private purchase (code P), a straightforward buy rather than a sale or option exercise.

Key Details

• Transaction date and price: 2026-09-18, 10,000 shares at $3.49 each (total $34,900).
• Filing date: Form 4 filed 2026-09-22 (four days after the reported transaction date; appears later than the typical 2-business-day Section 16 filing window).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1 — Reporting person disclaims beneficial ownership of these securities and states this report should not be taken as an admission of beneficial ownership.
  • F2 — The shares are held by the Tannenbaum Family Foundation (formerly the Leonard M. Tannenbaum Foundation), for which Mr. Tannenbaum serves as President; he disclaims beneficial ownership except to the extent of his pecuniary interest.

Context This was a direct purchase by a major (10%) shareholder and the shares are held in a family foundation. Purchases by large shareholders can be of interest to investors, but the filing’s disclaimers and foundation ownership mean Mr. Tannenbaum limits his claimed beneficial ownership. The filing timing suggests it was submitted after the standard 2-business-day reporting window for Form 4s.