X0407 4 2023-05-11 0 0001822523 AFC Gamma, Inc. AFCG 0001200461 TANNENBAUM LEONARD M 525 OKEECHOBEE BLVD., SUITE 1650 WEST PALM BEACH FL 33401 1 1 1 0 Chief Executive Officer 0 Common Stock 2023-05-11 4 P 0 87155 10.02 A 3502218 D Common Stock 2023-05-12 4 P 0 80000 10.39 A 3582218 D Common Stock 2023-05-11 4 P 0 29217 10.21 A 84217 I See footnote Common Stock 2023-05-12 4 P 0 45000 10.34 A 129217 I See footnote Common Stock 2023-05-11 4 P 0 2000 10.11 A 31690 I Held by spouse 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. 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. 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. 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. 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. 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. 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. Gabriel Katz, as attorney-in-fact for Leonard M. Tannenbaum 2023-05-15