LEONARD M. TANNENBAUM - 03 Jan 2023 Form 4 Insider Report for AFC Gamma, Inc. (AFCG)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
Gabriel Katz, attorney-in-fact for Leonard M. Tannenbaum
Issuer symbol
AFCG
Transactions as of
03 Jan 2023
Transactions value $
$1,199,980
Form type
4
Filing time
05 Jan 2023, 17:01:32 UTC
Previous filing
21 Jun 2022
Next filing
21 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AFCG Common Stock Award $800K +51.4K +1.53% $15.57 3.42M 03 Jan 2023 Direct F1
transaction AFCG Common Stock Award $400K +25.7K +856.33% $15.57 28.7K 03 Jan 2023 Held by spouse F3
holding AFCG Common Stock 5K 03 Jan 2023 See footnote F2
* 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 3, 2023, subject to early termination and adjustment as provided in the applicable restricted stock grant agreement.
F2 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.
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.