Advanced Flower Capital director buys 10K shares

A director and ten percent owner of AFCG increased his direct common stock holdings through a 10,000‑share open-market purchase.

Rhea-AI Filing Summary

Advanced Flower Capital Inc. (AFCG) reported that director and ten percent owner Leonard M. Tannenbaum purchased 10,000 shares of common stock on September 18, 2026 at $3.49 per share in an open-market or private transaction, bringing his directly held stake to 6,962,446 shares. He also reports 226,907 shares held indirectly by his spouse, for which he disclaims beneficial ownership, and 180,400 shares held by the Tannenbaum Family Foundation, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

Net Buyer: 10,000 shares

Net Buy 3 txns

Insider TANNENBAUM LEONARD M

Role Director, 10% Owner

Bought 10,000 shs ($35K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	10,000	$3.49	$35K
holding	Common Stock F1	--	--	--
holding	Common Stock F2	--	--	--

Holdings After Transaction: Common Stock — 6,962,446 shares (Direct); Common Stock — 226,907 shares (Indirect, Held by spouse); Common Stock — 180,400 shares (Indirect, See footnote)

Footnotes (2)

1. F1. 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.
2. F2. 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: 10,000 shares Purchase price per share: $3.49 per share Direct holdings after transaction: 6,962,446 shares +3 more

6 metrics

Shares purchased 10,000 shares Common stock purchased on September 18, 2026

Purchase price per share $3.49 per share Open-market or private transaction on September 18, 2026

Direct holdings after transaction 6,962,446 shares Common stock directly owned by Leonard M. Tannenbaum after the purchase

Indirect holdings via spouse 226,907 shares Common stock held indirectly, with beneficial ownership disclaimed

Indirect holdings via Tannenbaum Family Foundation 180,400 shares Common stock held by the foundation; beneficial ownership disclaimed except for pecuniary interest

Net shares bought in reported period 10,000 shares Net share change across all reported transactions on September 18, 2026

Key Terms

beneficial ownership, pecuniary interest, Section 16, indirect

4 terms

beneficial ownership regulatory

"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.

indirect financial

"Indirect ownership type marked as I with nature of ownership Held by spouse"

FAQ

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

What transaction did Leonard M. Tannenbaum report in AFCG’s latest Form 4?

He reported a purchase of 10,000 shares of Advanced Flower Capital Inc. common stock on September 18, 2026 in an open-market or private transaction at $3.49 per share.

How many AFCG shares does Leonard M. Tannenbaum own directly after this Form 4?

After the reported purchase, Leonard M. Tannenbaum holds 6,962,446 shares of Advanced Flower Capital Inc. common stock in direct ownership.

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

The filing lists 226,907 shares held indirectly through his spouse and 180,400 shares held by the Tannenbaum Family Foundation. He disclaims beneficial ownership of these shares, except for his pecuniary interest in the foundation holdings.

Was the AFCG share purchase made under a Rule 10b5-1 trading plan?

No. The Form 4’s Rule 10b5-1 checkbox is not marked as affirming a plan, and the structured data indicates no Rule 10b5-1 plan is reported for this transaction.

What role does Leonard M. Tannenbaum have at AFCG?

Leonard M. Tannenbaum is reported as a director and a ten percent owner of Advanced Flower Capital Inc. in this Form 4 filing.

What is the nature of the foundation’s AFCG share holdings in this Form 4?

The Form 4 states 180,400 shares are held by the Tannenbaum Family Foundation, for which Leonard M. Tannenbaum serves as President, and that he disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

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

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Available on EDGAR 09/22/2026 - 06:33 PM Accepted by SEC EDGAR 09/22/2026 - 06:33 PM 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)
09/18/2026

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	09/18/2026		P		10,000	A	$3.49	6,962,446	D
Common Stock								226,907	I	Held by spouse(1)
Common Stock								180,400	I	See footnote(2)

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. 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.

2. 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	09/22/2026
	** 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)