Advanced Flower Capital Inc. — Director's Dealing 2021

Mar 18, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AFC Gamma, Inc. (AFCG)
CIK: 0001822523
Period of Report: 2021-03-18

Reporting Person: Kalikow Jonathan Gilbert (N/A)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	668500	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$14.71	2027-08-29	Common Stock (40320)		Direct

Footnotes

F1: Share numbers give effect to the seven-for-one stock split of each share of the Issuer's Common Stock, which occurred on January 25, 2021.

F2: 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 August 12, 2020. The shares become exercisable upon the earlier of a "Change in Control Event" or "Public Offering Date" (as such terms are defined in the AFC Gamma, Inc. Stock Incentive Plan).