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Advanced Flower Capital director buys 15K shares

AFCG director and ten percent owner Leonard M. Tannenbaum increased his direct common stock holdings through an open‑market purchase.

(Neutral)
(Positive)
Form Type
4

Rhea-AI Filing Summary

Advanced Flower Capital Inc. (symbol: AFCG) is the issuer of record for a Form 4 filing submitted to the SEC. TANNENBAUM LEONARD M reported reported purchase transactions in this Form 4 filing.

Advanced Flower Capital Inc. (AFCG) insider Leonard M. Tannenbaum, a director and ten percent owner, on September 2, 2026 in open-market trades at a , with individual trades ranging from $3.55 to $3.59. Following this transaction, he directly owns 6,849,299 shares and has additional indirect holdings of 226,907 shares held 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. No Rule 10b5-1 trading plan is reported.

Positive

  • None.

Negative

  • None.
Insider TANNENBAUM LEONARD M
Role Director, 10% Owner
Bought 15,223 shs ($55K)
Type Security Shares Price Value
Purchase Common Stock F1 15,223 $3.59 $55K
holding Common Stock F2 -- -- --
holding Common Stock F3 -- -- --
Holdings After Transaction: Common Stock — 6,849,299 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 $3.55 to $3.59; 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.
Shares purchased 15,223 shares Open‑market purchase of AFCG Common Stock on September 2, 2026
Weighted average purchase price $3.59 per share Open‑market trades ranging from $3.55 to $3.59
Direct holdings after transaction 6,849,299 shares Common Stock directly owned by Leonard M. Tannenbaum after the purchase
Indirect holdings via spouse 226,907 shares Shares held by spouse; beneficial ownership disclaimed
Indirect holdings via foundation 180,400 shares Shares held by the Tannenbaum Family Foundation; beneficial ownership disclaimed except for pecuniary interest
Net buy direction 15,223 shares net buy Transaction summary shows net-buy activity for this Form 4
weighted average price financial
"This transaction was executed in multiple trades ranging from $3.55 to $3.59; 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
"The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest"
indirect financial
"Indirect ownership includes shares held by spouse and the Tannenbaum Family Foundation"

FAQ

What insider transaction did AFCG director Leonard M. Tannenbaum report on this Form 4?

He of Advanced Flower Capital Inc. Common Stock on September 2, 2026 in an open‑market transaction, increasing his direct ownership stake.

At what price did Leonard M. Tannenbaum buy AFCG shares?

The shares were bought at a , with individual trades executed in a price range of $3.55 to $3.59, according to the filing footnote.

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

After the reported purchase, Leonard M. Tannenbaum directly owns 6,849,299 shares of Advanced Flower Capital Inc. Common Stock, as stated in the Form 4.

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

No. The Form 4 indicates that is reported for the September 2, 2026 purchase of Advanced Flower Capital Inc. shares.

What role does Leonard M. Tannenbaum have at Advanced Flower Capital Inc. (AFCG)?

Leonard M. Tannenbaum is identified as a of Advanced Flower Capital Inc. in the Form 4 insider trading report.

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

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/02/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock09/02/2026P15,223A$3.59(1)6,849,299D
Common Stock226,907IHeld by spouse(2)
Common Stock180,400ISee 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. This transaction was executed in multiple trades ranging from $3.55 to $3.59; 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-Fact09/04/2026
** Signature of Reporting PersonDate
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)

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