Leonard M. Tannenbaum - Jan 24, 2024 Form 4 Insider Report for AFC Gamma, Inc. (AFCG)

Role
Executive Chairman; CIO, Director, 10%+ Owner
Signature
/s/ Gabriel A. Katz, as Attorney-in-Fact
Stock symbol
AFCG
Transactions as of
Jan 24, 2024
Transactions value $
$1,299,999
Form type
4
Date filed
1/25/2024, 05:22 PM
Previous filing
May 17, 2023
Next filing
Jun 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AFCG Common Stock Award $1.3M +111K +3.06% $11.70 3.74M Jan 24, 2024 Direct F1
holding AFCG Common Stock 65.9K Jan 24, 2024 Held by spouse F2
holding AFCG Common Stock 129K Jan 24, 2024 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock granted under the Issuer's Stock Incentive Plan and shall vest over a three-year period with approximately 33% vesting on each of the first, second and third anniversaries of January 2, 2024, subject to early termination and adjustment as provided in the applicable restricted stock grant agreement.
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.
F3 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.