Leonard M. Tannenbaum, a director and 10% owner of Advanced Flower Capital Inc., filed a Form 4 on November 9, 2026, disclosing a purchase of 18,500 shares of common stock on November 6, 2026.

Key Highlights

  • Purchase date: The transaction was executed on November 6, 2026.
  • Shares acquired: Tannenbaum acquired 18,500 shares of common stock, coded as a purchase (P).
  • Weighted average price: The reported price was $3.08 per share, reflecting multiple trades ranging from $3.04 to $3.20, according to the filing.
  • Direct beneficial ownership following transaction: 7,128,114 shares held directly.
  • Indirect holdings: 236,907 shares held by spouse (with disclaimer of beneficial ownership) and 180,400 shares held by the Tannenbaum Family Foundation, for which Tannenbaum serves as President.
  • Roles: Tannenbaum is identified as both a Director and a 10% Owner of Advanced Flower Capital Inc. (NASDAQ:AFCG).

Tannenbaum's November 6 Open-Market Purchase of Advanced Flower Capital Common Stock

According to the Form 4 filed with the SEC on November 9, 2026, Leonard M. Tannenbaum acquired 18,500 shares of Advanced Flower Capital Inc. common stock on November 6, 2026, at a weighted average price of $3.08 per share. The filing notes that the transaction was executed across multiple trades at prices ranging from $3.04 to $3.20, and that Tannenbaum undertakes to provide full details of individual trade prices and share counts upon request to the SEC staff, the issuer, or any security holder.

Following the reported purchase, Tannenbaum directly holds 7,128,114 shares of common stock, the filing discloses. In addition, the filing reports two categories of indirect holdings: 236,907 shares held by his spouse, and 180,400 shares held by the Tannenbaum Family Foundation (formerly known as the Leonard M. Tannenbaum Foundation), an entity for which Tannenbaum serves as President. The filing states that Tannenbaum "disclaims beneficial ownership" of the spouse-held securities and disclaims beneficial ownership of the Foundation-held shares "except to the extent of his pecuniary interest."

The Form 4 was signed by Gabriel A. Katz as Attorney-in-Fact on November 9, 2026. No derivative securities transactions were reported in this filing. The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1 trading plan.

What Was Disclosed

The filing reports a single open-market purchase of 18,500 shares of Advanced Flower Capital Inc. common stock by director and 10% owner Leonard M. Tannenbaum on November 6, 2026, at a weighted average price of $3.08 per share, bringing his direct holdings to 7,128,114 shares.