Peter Doyle adds RENN Fund (RCG) shares with open-market insider purchase

Rhea-AI Filing Summary

RENN Fund, Inc. co-portfolio manager Peter Doyle reported an open-market purchase of 400 shares of common stock at $2.75 per share. After this trade, he directly holds 1,500 shares. The filing also lists indirect holdings of 300 and 13,334 shares held in a trust for which his spouse serves as trustee.

Insider Trade Summary

Net Buyer: 400 shares ($1,100)

Net Buy 3 txns

Insider DOYLE PETER

Role null

Bought 400 shs ($1K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	400	$2.75	$1K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,500 shares (Direct, null); Common Stock — 13,334 shares (Indirect, Spouse)

Footnotes (1)

1. [object Object]

Key Figures

Shares purchased: 400 shares Purchase price: $2.75/share Direct holdings after transaction: 1,500 shares +3 more

6 metrics

Shares purchased 400 shares Open-market purchase of common stock

Purchase price $2.75/share Price for 400-share open-market buy

Direct holdings after transaction 1,500 shares Common stock directly owned by Peter Doyle

Indirect trust holding 1 300 shares Common stock held in trust, spouse as trustee

Indirect trust holding 2 13,334 shares Common stock held in trust, spouse as trustee

Net insider share change 400 shares Net buy from reported transactions

Key Terms

open-market purchase, indirect ownership, trustee, Form 4

4 terms

open-market purchase financial

"reported an open-market purchase of 400 shares of common stock"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

indirect ownership financial

"The filing also lists indirect holdings of 300 and 13,334 shares"

trustee financial

"shares held in trust for which his spouse serves as trustee"

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

Form 4 regulatory

"This Form 4 reflects a relatively small direct purchase"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DOYLE PETER

(Last) (First) (Middle)

C/O HORIZON KINETICS LLC

470 PARK AVE S 8TH FL S

(Street)

NEW YORK NEW YORK 10016

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
RENN Fund, Inc. [ RCG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Co-Portfolio Manager

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/03/2026		P		400	A	$2.75	1,500	D
Common Stock								13,334	I	Spouse
Common Stock								300(1)	I	Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person's spouse serves as trustee for these shares held in trust.

	/s/ Jay Kesslen, attorney-in-fact	06/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Peter Doyle report at RENN Fund (RCG)?

Peter Doyle reported buying 400 shares of RENN Fund common stock in an open-market transaction at $2.75 per share. This Form 4 reflects a relatively small direct purchase alongside existing indirect holdings reported in the same filing.

At what price did Peter Doyle buy RENN Fund (RCG) shares?

He bought the shares at $2.75 per share in an open-market transaction. This price applies to the 400-share purchase disclosed and helps investors understand the level at which the insider added to his direct holdings.

How many RENN Fund (RCG) shares does Peter Doyle hold directly after this filing?

After the reported transaction, Peter Doyle directly holds 1,500 shares of RENN Fund common stock. This figure includes the newly purchased 400 shares and provides context for the scale of his direct ownership position.

What indirect RENN Fund (RCG) holdings related to Peter Doyle are disclosed?

The filing shows indirect ownership of 300 and 13,334 RENN Fund common shares, with his spouse serving as trustee for shares held in trust. These entries indicate additional exposure associated with Doyle beyond his directly owned 1,500 shares.

What does the transaction code indicate in Peter Doyle’s RENN Fund (RCG) Form 4?

The transaction uses code P, indicating an open-market or private purchase of common stock. This code confirms the 400-share transaction was a straightforward buy rather than an option exercise, gift, or other non-market event.