TANNENBAUM LEONARD M 4
4 · Advanced Flower Capital Inc. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
Advanced Flower Capital (AFCG) 10% Owner Leonard Tannenbaum Buys Shares
What Happened
Leonard M. Tannenbaum, identified as a 10% owner of Advanced Flower Capital, reported open-market purchases of common stock. He acquired 90,600 shares on 2026-03-18 at a weighted-average price of $2.59 ($234,654) and 60,600 shares on 2026-03-19 at a weighted-average price of $2.59 ($156,954), for a total of 151,200 shares and about $391,608. These are purchases (transaction code P), which are generally viewed as insider buying rather than selling.
Key Details
- Transaction dates: Mar 18, 2026 (90,600 shares) and Mar 19, 2026 (60,600 shares).
- Reported prices: weighted-average $2.59 for each filing; underlying trades ranged $2.56–$2.60 (F1) and $2.57–$2.60 (F2).
- Total consideration: ~$234,654 (Mar 18) + ~$156,954 (Mar 19) = ~$391,608.
- Shares owned after transaction: not reported in the provided excerpt of the filing.
- Footnotes: F1/F2 note the reported prices are weighted averages across multiple trades and the filer will provide detailed trade-by-trade info on request. F3/F4 indicate the shares are held by the Tannenbaum Family Foundation (he is president) and the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
- Filing: Form 4 filed 2026-03-19 reporting transactions of Mar 18–19; appears timely under Section 16 reporting requirements.
Context
These were straightforward open-market purchases (P). Because the shares are held by the Tannenbaum Family Foundation and the reporting person disclaims beneficial ownership beyond pecuniary interest, this filing reflects transactions connected with a family foundation rather than necessarily personal brokerage activity. Purchases by insiders or 10% owners can be of interest to retail investors, but the filing alone does not explain motive.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-03-18$2.59/sh+90,600$234,654→ 6,137,989 total - Purchase
Common Stock
[F2]2026-03-19$2.59/sh+60,600$156,954→ 6,198,589 total
- 218,907(indirect: By Spouse)
Common Stock
[F3] - 180,400(indirect: See footnote)
Common Stock
[F4]
Footnotes (4)
- [F1]This transaction was executed in multiple trades ranging from $2.56 to $2.60; 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 $2.57 to $2.60; 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.