[Form 4] Advanced Flower Capital Inc. Insider Trading Activity

Rhea-AI Filing Summary

Advanced Flower Capital Inc. (AFCG) reported an insider purchase by Chief Executive Officer and Director Daniel Neville. On 09/08/2025 Mr. Neville acquired 12,388 shares of the issuer's common stock at a weighted average price of $4.44 per share, bringing his total beneficial ownership to 209,649 shares. The Form 4 indicates the transaction code P and notes the trade executed in multiple fills priced between $4.40 and $4.45, with the filer offering to provide detailed trade-level information upon request. The filing was submitted by Gabriel A. Katz as attorney-in-fact and lists Neville's business address in West Palm Beach, FL.

Positive

• CEO purchase disclosed: Daniel Neville acquired 12,388 shares on 09/08/2025, increasing his beneficial ownership to 209,649 shares
• Transparent pricing note: Filing states trades ranged from $4.40 to $4.45 and reports a weighted average price of $4.44

Negative

• None.

Insights

Financial Analyst

TL;DR Insider purchase by the CEO signals alignment with shareholders though size and materiality versus total outstanding shares are not disclosed.

The CEO's acquisition of 12,388 shares at a weighted average price of $4.44 is a direct purchase reported under Form 4 and increases his beneficial stake to 209,649 shares. This is a straightforward open-market purchase (code P) executed in multiple trades between $4.40 and $4.45. From a capital-allocation perspective, insider purchases can indicate management confidence in the company's near-term prospects. However, the filing does not provide context on percentage ownership of outstanding shares or the dollar size relative to the CEO's total holdings, which limits assessment of materiality.

Corporate Governance Expert

TL;DR The disclosure is complete for the reported transaction and follows Form 4 requirements; no governance red flags are apparent from the filing alone.

The Form 4 identifies the reporting person as both an officer and a director and discloses the post-transaction beneficial ownership figure. The report includes an explanatory note on the weighted average price and offers to supply trade-level detail on request, which supports transparency. The signature by an attorney-in-fact is properly dated. There are no indications of related-party arrangements or Section 16 exceptions in the filing text provided.

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^*

Neville Daniel

(Last) (First) (Middle)

477 S. ROSEMARY AVE.

SUITE 301

(Street)

WEST PALM BEACH FL 33401

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

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

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

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

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	09/08/2025		P		12,388	A	$4.44(1)	209,649	D

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 $4.40 to $4.45; 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.

Remarks:

	/s/ Gabriel A. Katz, as Attorney-in-Fact	09/08/2025
	** 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.

FAQ

What insider transaction did AFCG CEO Daniel Neville report on Form 4?

On 09/08/2025 Daniel Neville purchased 12,388 shares of AFCG common stock at a weighted average price of $4.44, increasing his holdings to 209,649 shares.

What price range did the AFCG insider trades occur at?

The Form 4 states the transactions were executed in multiple trades priced between $4.40 and $4.45, with a reported weighted average of $4.44.

Who signed the AFCG Form 4 filing for Daniel Neville?

The Form 4 was signed and dated by Gabriel A. Katz as attorney-in-fact on 09/08/2025.

What relationship to AFCG does the reporting person hold?

Daniel Neville is reported as both a Director and the Chief Executive Officer of Advanced Flower Capital Inc.

Does the Form 4 disclose whether the purchase was pursuant to a Rule 10b5-1 plan?

The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1 trading plan; no such box is checked in the provided content.