Advanced Flower Capital director buys 25K shares

Advanced Flower Capital Inc. (AFCG) reports that director and more-than-10% owner Leonard M. Tannenbaum purchased 25,000 shares of common stock on 2026-08-21 at a weighted average price of $3.28 per share in open-market trades.

Rhea-AI Filing Summary

Advanced Flower Capital Inc. (AFCG) reports that director and more-than-10% owner Leonard M. Tannenbaum purchased 25,000 shares of common stock on 2026-08-21 at a weighted average price of $3.28 per share in open-market trades. Following this purchase, he directly holds 6,620,445 shares. He also reports indirect holdings of shares held by his spouse and by the Tannenbaum Family Foundation, while disclaiming beneficial ownership of those indirect positions except to the extent of any pecuniary interest.

Insider Trade Summary

Net Buyer: 25,000 shares

Net Buy 3 txns

Insider TANNENBAUM LEONARD M

Role Director, 10% Owner

Bought 25,000 shs ($82K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	25,000	$3.28	$82K
holding	Common Stock F2	--	--	--
holding	Common Stock F3	--	--	--

Holdings After Transaction: Common Stock — 6,620,445 shares (Direct); Common Stock — 226,907 shares (Indirect, Held by spouse); Common Stock — 180,400 shares (Indirect, See footnote)

Footnotes (3)

1. F1. This transaction was executed in multiple trades ranging from $3.27 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.
2. 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.
3. 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: 25,000 shares of Common Stock Weighted average purchase price: $3.28 per share Direct holdings after transaction: 6,620,445 shares +2 more

5 metrics

Shares purchased 25,000 shares of Common Stock Open-market purchase on 2026-08-21

Weighted average purchase price $3.28 per share 25,000-share purchase executed in trades from $3.27 to $3.30

Direct holdings after transaction 6,620,445 shares AFCG common stock directly owned by Leonard M. Tannenbaum after 2026-08-21 purchase

Indirect holdings via spouse 226,907 shares Common stock held indirectly and attributed as held by spouse; beneficial ownership disclaimed

Indirect holdings via foundation 180,400 shares Common stock held by the 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

"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"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did AFCG report for Leonard M. Tannenbaum?

AFCG reported that Leonard M. Tannenbaum purchased 25,000 shares of common stock on 2026-08-21 at a weighted average price of $3.28 per share in open-market trades, increasing his directly held stake.

What are Leonard M. Tannenbaum’s direct AFCG shareholdings after this Form 4?

After the reported transaction, Leonard M. Tannenbaum directly holds 6,620,445 shares of AFCG common stock, according to the Form 4’s post-transaction holdings figure.

Were the AFCG insider purchases made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked, so the reported purchase of 25,000 AFCG shares was not affirmatively reported as made under a Rule 10b5-1 trading plan.

What price did Leonard M. Tannenbaum pay per AFCG share in this transaction?

The Form 4 reports a weighted average price of $3.28 per share for the 25,000 AFCG shares purchased on 2026-08-21. Footnotes state trades were executed between $3.27 and $3.30 per share.

What indirect AFCG shareholdings related to Leonard M. Tannenbaum are disclosed?

The Form 4 discloses 226,907 shares held indirectly through his spouse and 180,400 shares held by the Tannenbaum Family Foundation. Tannenbaum disclaims beneficial ownership of these securities except to the extent of any pecuniary interest.

What role does Leonard M. Tannenbaum have at AFCG?

Leonard M. Tannenbaum is identified as a director of AFCG and a more-than-10% owner, based on the reporting-person status checked on the Form 4.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/24/2026 - 04:16 PM EDT Accepted by SEC EDGAR 08/24/2026 - 04:16 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

TANNENBAUM LEONARD M

(Last) (First) (Middle)

477 S. ROSEMARY AVE.

SUITE 301

(Street)

WEST PALM BEACH FLORIDA 33401

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Advanced Flower Capital Inc. [ AFCG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/21/2026		P		25,000	A	$3.28(1)	6,620,445	D
Common Stock								226,907	I	Held by spouse(2)
Common Stock								180,400	I	See footnote(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was executed in multiple trades ranging from $3.27 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.

2. 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.

3. 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.

Remarks:

	/s/ Gabriel A. Katz, as Attorney-in-Fact	08/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)