Advanced Flower Capital (AFCG) director buys 60K shares near $3.40
Rhea-AI Filing Summary
Advanced Flower Capital Inc. (AFCG) insider Leonard M. Tannenbaum, a director and ten percent owner, reported open-market purchases of AFCG common stock. He bought 30,000 shares on August 24, 2026 at a weighted average price of $3.41 per share and 30,000 shares on August 25, 2026 at a weighted average price of $3.40 per share, each executed in multiple trades within disclosed price ranges. The filing also reports 226,907 shares of common stock held indirectly by his spouse, for which he disclaims beneficial ownership, and 180,400 shares held by the Tannenbaum Family Foundation, where he serves as President and disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
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Negative
- None.
Insider Trade Summary
Net Buyer: 60,000 shares
Net Buy
4 txns
Insider
TANNENBAUM LEONARD M
Role
Director, 10% Owner
Bought
60,000 shs ($204K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F2 | 30,000 | $3.40 | $102K |
| Purchase | Common Stock F1 | 30,000 | $3.41 | $102K |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,680,445 shares (Direct);
Common Stock — 226,907 shares (Indirect, Held by spouse);
Common Stock — 180,400 shares (Indirect, See footnote)
Footnotes (4)
- F1. This transaction was executed in multiple trades ranging from $3.40 to $3.42; 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. This transaction was executed in multiple trades ranging from $3.39 to $3.41; 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.
- F3. 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.
- F4. 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: 30,000 shares
Weighted average purchase price: $3.41 per share
Shares purchased: 30,000 shares
+3 more
6 metrics
Shares purchased
30,000 shares
Common Stock bought on August 24, 2026
Weighted average purchase price
$3.41 per share
August 24, 2026 common stock purchase, trades from $3.40 to $3.42
Shares purchased
30,000 shares
Common Stock bought on August 25, 2026
Weighted average purchase price
$3.40 per share
August 25, 2026 common stock purchase, trades from $3.39 to $3.41
Indirect holdings by spouse
226,907 shares
Common Stock held indirectly; beneficial ownership disclaimed
Indirect holdings by foundation
180,400 shares
Common Stock held by Tannenbaum Family Foundation; beneficial ownership disclaimed except for pecuniary interest
Key Terms
weighted average price, beneficial ownership, pecuniary interest, Section 16
4 terms
weighted average price financial
"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"
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 transactions did AFCG director Leonard Tannenbaum report?
Leonard M. Tannenbaum reported two open-market purchases of AFCG common stock: 30,000 shares on August 24, 2026 at a weighted average price of $3.41 and 30,000 shares on August 25, 2026 at a weighted average price of $3.40, each executed in multiple trades.
What price range applied to Leonard Tannenbaum’s AFCG purchase on August 24, 2026?
The August 24, 2026 purchase of 30,000 shares at a weighted average of $3.41 per share was executed in multiple trades with prices ranging from $3.40 to $3.42, according to the footnote disclosure.
What price range applied to Leonard Tannenbaum’s AFCG purchase on August 25, 2026?
The August 25, 2026 purchase of 30,000 shares at a weighted average of $3.40 per share was executed in multiple trades with prices ranging from $3.39 to $3.41, as disclosed in the footnote.
What indirect AFCG holdings associated with Leonard Tannenbaum are disclosed?
The filing discloses 226,907 shares of AFCG common stock held indirectly by his spouse, with Tannenbaum disclaiming beneficial ownership, and 180,400 shares held by the Tannenbaum Family Foundation, where he is President and disclaims beneficial ownership except for any pecuniary interest.
Does Leonard Tannenbaum use a Rule 10b5-1 trading plan for these AFCG trades?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, and the footnotes do not state that these transactions were made under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
