Advanced Flower Capital (AFCG) director adds to stake in open-market buy
Rhea-AI Filing Summary
Advanced Flower Capital Inc. insider Leonard M. Tannenbaum, a director and ten percent owner, purchased 45,829 shares of Common Stock on 2026-08-14 at a weighted average price of $3.06 per share in trades ranging from $3.01 to $3.13. Following this open-market purchase, he directly holds 6,562,604 shares. Additional indirect positions include 225,907 shares held by his spouse and 180,400 shares held by the Tannenbaum Family Foundation, for which he serves as President; he disclaims beneficial ownership of these indirect holdings except to the extent of any pecuniary interest.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 45,829 shares
Net Buy
3 txns
Insider
TANNENBAUM LEONARD M
Role
Director, 10% Owner
Bought
45,829 shs ($140K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 45,829 | $3.06 | $140K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,562,604 shares (Direct);
Common Stock — 225,907 shares (Indirect, Held by spouse);
Common Stock — 180,400 shares (Indirect, See footnote)
Footnotes (3)
- F1. This transaction was executed in multiple trades ranging from $3.01 to $3.13; the price reported reflects the weighted average price. The Reporting Person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or any security holder of the issuer.
- F2. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F3. These shares are held by the Tannenbaum Family Foundation (formerly known as the Leonard M. Tannenbaum Foundation), for which the Reporting Person serves as the President. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
Key Figures
Shares purchased: 45,829 shares
Weighted average purchase price: $3.06 per share
Direct holdings after transaction: 6,562,604 shares
+3 more
6 metrics
Shares purchased
45,829 shares
Common Stock acquired on 2026-08-14 in open-market transaction
Weighted average purchase price
$3.06 per share
Open-market purchase on 2026-08-14; trades ranged from $3.01 to $3.13
Direct holdings after transaction
6,562,604 shares
AFCG Common Stock directly owned by Leonard M. Tannenbaum after 2026-08-14 purchase
Indirect holdings – spouse
225,907 shares
Common Stock held indirectly through spouse; beneficial ownership disclaimed
Indirect holdings – foundation
180,400 shares
Common Stock held by Tannenbaum Family Foundation; beneficial ownership disclaimed except pecuniary interest
Trade price range
$3.01–$3.13 per share
Price range of individual trades comprising the 2026-08-14 purchase
Key Terms
weighted average price, beneficial ownership, pecuniary interest, Section 16
4 terms
weighted average price financial
"executed in multiple trades ranging from $3.01 to $3.13; the price reported reflects the weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest"
Section 16 regulatory
"beneficial owner of the securities for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transaction did AFCG director Leonard M. Tannenbaum report on this Form 4?
Leonard M. Tannenbaum reported purchasing 45,829 AFCG common shares on 2026-08-14. The shares were acquired in an open-market transaction at a weighted average price of $3.06 per share, with individual trade prices ranging from $3.01 to $3.13.
At what price did Leonard M. Tannenbaum buy AFCG stock in the latest filing?
He bought AFCG common stock at a weighted average price of $3.06 per share. The transaction was executed in multiple trades with prices ranging between $3.01 and $3.13, and he undertook to provide detailed trade data upon request to relevant parties.
What does the Form 4 say about the trade breakdown for Leonard M. Tannenbaum’s AFCG purchase?
It states the transaction was executed in multiple trades between $3.01 and $3.13 per share. The reported $3.06 price is a weighted average, and Tannenbaum undertakes to provide full trade details, including share counts and prices, upon request to specified parties.
AI-generated analysis. How Rhea-AI works. Not financial advice.
