Leonard Tannenbaum adds to Advanced Flower Capital (AFCG) stake
Rhea-AI Filing Summary
Advanced Flower Capital Inc. (AFCG) director and ten percent owner Leonard M. Tannenbaum reported an open-market purchase of 20,000 shares of common stock on 2026-08-20 at a weighted average price between $3.29 and $3.30 per share. After this transaction, he directly holds 6,595,445 shares of AFCG common stock. Additional indirect holdings include 226,907 shares held by his spouse and 180,400 shares held by the Tannenbaum Family Foundation, for which he disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 20,000 shares
Net Buy
3 txns
Insider
TANNENBAUM LEONARD M
Role
Director, 10% Owner
Bought
20,000 shs ($66K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 20,000 | $3.29 | $66K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,595,445 shares (Direct);
Common Stock — 226,907 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 $3.29 to $3.30; 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: 20,000 shares of Common Stock
Weighted average purchase price: $3.29 per share
Direct holdings after transaction: 6,595,445 shares of Common Stock
+2 more
5 metrics
Shares purchased
20,000 shares of Common Stock
Open-market purchase on 2026-08-20
Weighted average purchase price
$3.29 per share
Multiple trades ranging from $3.29 to $3.30
Direct holdings after transaction
6,595,445 shares of Common Stock
Direct ownership following the 2026-08-20 purchase
Indirect holdings via spouse
226,907 shares of Common Stock
Held by spouse; beneficial ownership disclaimed
Indirect holdings via foundation
180,400 shares of Common Stock
Held by Tannenbaum Family Foundation; beneficial ownership disclaimed except for pecuniary interest
Key Terms
weighted average price, beneficial ownership, pecuniary interest
3 terms
weighted average price financial
"This transaction was executed in multiple trades ranging from $3.29 to $3.30; 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 regulatory
"The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission..."
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
"The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest."
FAQ
What insider transaction did Leonard M. Tannenbaum report for AFCG?
Leonard M. Tannenbaum reported an open-market purchase of 20,000 AFCG common shares on 2026-08-20 at a weighted average price between $3.29 and $3.30 per share, increasing his direct holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
