Form 4: AFCG Director Tannenbaum Buys 25,000 Shares

Advanced Flower Capital Inc. Director and 10% owner Leonard M. Tannenbaum purchased 25,000 shares of common stock for $76,250 on December 11, 2025.

Summary

• Leonard M. Tannenbaum, a Director and 10% Owner of Advanced Flower Capital Inc. (AFCG), acquired 25,000 shares of common stock.
• The transaction occurred on December 11, 2025, at a weighted average price of $3.05 per share.
• The total value of the acquisition was approximately $76,250.
• Following this transaction, Mr. Tannenbaum directly beneficially owns 5,861,098 shares of common stock.
• He also indirectly holds 218,907 shares through his spouse and 180,400 shares through the Tannenbaum Family Foundation, disclaiming beneficial ownership for these indirect holdings except to the extent of his pecuniary interest in the foundation's shares.

Sentiment

Score: 8

Explanation: The purchase of 25,000 shares by a Director and 10% owner, Leonard M. Tannenbaum, indicates strong confidence in the company's future performance and valuation.

Positives

• A Director and 10% owner, Leonard M. Tannenbaum, increased his direct stake in Advanced Flower Capital Inc. by purchasing 25,000 shares.
• Insider buying can signal management's confidence in the company's future prospects and valuation.

Future Outlook

This Form 4 filing reports an individual insider transaction and does not provide forward-looking statements or guidance regarding the company's future performance.

Management Comments

• This transaction was executed in multiple trades ranging from $3.03 to $3.10; 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.
• The Reporting Person disclaims beneficial ownership of these securities [held by spouse], 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.
• These shares [held by Tannenbaum Family Foundation] 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.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context. However, insider buying can be a general indicator of confidence within the specific sector the company operates in.

Related Party Transactions

• Indirect holdings of 180,400 shares are held by the Tannenbaum Family Foundation, for which the reporting person serves as President. Beneficial ownership is disclaimed except to the extent of pecuniary interest.

Stakeholder Impact

• Shareholders: The insider purchase by a Director and 10% owner may instill confidence among existing shareholders and potentially attract new investors, signaling a positive outlook from within the company.

Key Dates

Recommendation

The purchase of 25,000 shares by Leonard M. Tannenbaum, a Director and 10% owner, signals strong insider confidence in Advanced Flower Capital Inc.'s current valuation and future prospects. Such a significant investment by a key insider often precedes positive company developments or reflects a belief that the stock is undervalued, making it a compelling 'buy' signal for investors.

Keywords

Advanced Flower Capital, AFCG, Insider Trading, Stock Purchase, Director, 10% Owner, Common Stock