Advanced Flower Capital Inc. — Director's Dealing 2021

Mar 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFC Gamma, Inc. (AFCG)
CIK: 0001822523
Period of Report: 2021-03-23

Reporting Person: Kalikow Jonathan Gilbert (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-23	Common Stock	P	5000	$19	Acquired	5000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-23	Stock Option (right to buy)	$19	A	14000	Acquired	2028-03-23	Common Stock (14000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	668500	Indirect

Footnotes

F1: The shares were purchased in the Issuer's directed share program at the initial public offering price.

F2: The shares are held directly by Gamma Lending Holdco LLC, a Delaware limited liability company ("GLO"), whose managing member is Gamma Lending Opportunities LP, a Delaware limited partnership ("GLO LP"). GLO LP's sole General Partner is GRE Lending Opportunities LLC, a Delaware limited liability company ("GLO GP"). GLO GP is a wholly owned subsidiary of Gamma Real Estate LLC ("GRE"). The Reporting Person owns 50% of the economic and voting interests in GRE and N. Richard Kalikow, father of the Reporting Person, owns the remaining 50% of the economic and voting interests of GRE.

F3: The shares subject to this option shall vest over a four-year period with approximately 33% vesting on each of the second, third and fourth anniversaries of the consummation of the Issuer's initial public offering.