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

What Happened
Leonard M. Tannenbaum, a 10% owner of Advanced Flower Capital Inc. (AFCG), reported three open‑market purchases (code P) totaling 95,397 shares acquired between Sept 28–30, 2026. The transactions were: 10,673 shares at a weighted‑average $3.57 ($38,103); 40,081 shares at $3.59 ($143,891); and 44,643 shares at $3.63 (~$162,054). Combined consideration was roughly $344,048 (overall average ≈ $3.61 per share). These are purchases (acquisitions), not sales.

Key Details

• Transaction dates and reported weighted‑average prices:
  • 2026-09-28: 10,673 shares @ $3.57 (F1 — multiple trades ranged $3.52–$3.58)
  • 2026-09-29: 40,081 shares @ $3.59 (F2 — ranged $3.55–$3.60)
  • 2026-09-30: 44,643 shares @ $3.63 (F3 — ranged $3.55–$3.65)
• Total acquired: 95,397 shares for ≈ $344,048 (overall avg ≈ $3.61/share).
• Shares owned after transaction: not specified in the provided filing.
• Beneficial‑ownership notes: the shares are held by the Tannenbaum Family Foundation (Reporting Person is its President); the Reporting Person disclaims beneficial ownership except to the extent of any pecuniary interest (F4, F5).
• Filing specifics: transactions reported on Form 4 filed 2026‑09‑30 for transactions through 2026‑09‑28–09‑30. No late‑filing flag was provided in the summary materials.

Context

• These were open‑market purchases (code P), i.e., direct acquisitions of common stock rather than option exercises, awards, or gifts. Purchases by significant holders can be informative but do not by themselves explain motivation.
• As a 10% owner and president of the family foundation that holds the shares, this filing reflects institutional/foundation‑level holdings rather than standard executive compensation activity.
• Footnotes indicate the reported prices are weighted averages across multiple trades; the Reporting Person offers to provide the full trade-by-trade detail on request.