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

What Happened
Leonard M. Tannenbaum, a reported 10% owner of Advanced Flower Capital Inc. (AFCG), acquired a total of 25,228 shares in open‑market purchases on Sept. 24–25, 2026. The filings show 20,000 shares purchased at $3.49 on Sept. 24 (≈ $69,800) and 5,228 shares purchased at a reported $3.52 on Sept. 25 (≈ $18,403), for a combined cost of roughly $88,203. These were purchases (ownership-increasing transactions), which investors often view as a more informative signal than routine sales.

Key Details

• Transaction dates & prices: 9/24/2026 — 20,000 shares @ $3.49; 9/25/2026 — 5,228 shares @ $3.52 (reported weighted average).
• Total purchased: 25,228 shares for ≈ $88,203.
• Shares owned after transaction: Not specified in the supplied excerpt of the Form 4 — consult the full filing for the “Amount Beneficially Owned Following Reported Transaction” field.
• Footnotes of note:
  • F1: One transaction was executed in multiple trades (prices ranged $3.52–$3.55); the $3.52 figure is a weighted average and the reporting person will provide full trade details on request.
  • F2: The reporting person disclaims beneficial ownership of these securities for purposes of Section 16 (i.e., not claiming direct beneficial ownership).
  • F3: The shares are held by the Tannenbaum Family Foundation (formerly Leonard M. Tannenbaum Foundation), for which he serves as President; he disclaims beneficial ownership except to the extent of any pecuniary interest.
• Filing timeliness: Form filed 2026‑09‑28 for transactions on 9/24–9/25; this appears to be after the typical two business‑day Form 4 reporting window (i.e., the filing may be late).

Context
Because the purchases were reported as held by the Tannenbaum Family Foundation and the reporting person disclaims beneficial ownership except for any pecuniary interest, these trades reflect activity tied to the foundation rather than necessarily direct personal trading by Mr. Tannenbaum. Purchases by a 10% owner or affiliated foundation can be meaningful to retail investors, but they do not, by themselves, indicate motivation or future company performance. For full details, review the complete Form 4 (Accession 0001628280-26-063722) and related disclosures.