Leonard M. Tannenbaum - May 11, 2023 Form 4 Insider Report for AFC Gamma, Inc. (AFCG)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: Gabriel Katz, as attorney-in-fact for Leonard M. Tannenbaum
Stock symbol: AFCG
Transactions as of: May 11, 2023
Transactions value $: $2,488,319
Form type: 4
Date filed: 5/15/2023, 04:30 PM
Previous filing: Mar 21, 2023
Next filing: May 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AFCG	Common Stock	Purchase	$873K	+87.2K	+2.55%	$10.02	3.5M	May 11, 2023	Direct	F1
transaction	AFCG	Common Stock	Purchase	$831K	+80K	+2.28%	$10.39	3.58M	May 12, 2023	Direct	F2
transaction	AFCG	Common Stock	Purchase	$298K	+29.2K	+53.12%	$10.21	84.2K	May 11, 2023	See footnote	F3, F4
transaction	AFCG	Common Stock	Purchase	$465K	+45K	+53.43%	$10.34	129K	May 12, 2023	See footnote	F4, F5
transaction	AFCG	Common Stock	Purchase	$20.2K	+2K	+6.74%	$10.11	31.7K	May 11, 2023	Held by spouse	F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple trades at prices ranging from $9.95 to $10.35; 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 a security holder of the issuer.
F2	This transaction was executed in multiple trades at prices ranging from $10.34 to $10.50; 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 a security holder of the issuer.
F3	This transaction was executed in multiple trades at prices ranging from $10.05 to $10.30; 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 a security holder of the issuer.
F4	These shares are held by 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.
F5	This transaction was executed in multiple trades at prices ranging from $10.25 to $10.46; 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 a security holder of the issuer.
F6	This transaction was executed in multiple trades at prices ranging from $10.04 to $10.18; 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 a security holder of the issuer.
F7	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.