RENN Fund holder buys 756 shares at $3.04
A 10% owner affiliated investment adviser increased its RENN Fund (RCG) holdings through an open-market purchase.
Rhea-AI Filing Summary
RENN Fund, Inc. (RCG) had a significant shareholder, Horizon Kinetics Asset Management LLC, report an open-market purchase of 756 shares of common stock on September 16, 2026 at $3.04 per share. Following this transaction, Horizon Kinetics Asset Management LLC reported ownership of 968,952 shares held with a pecuniary interest in various managed accounts. No Rule 10b5-1 trading plan is reported for this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 756 shares
Net Buy
1 txn
Insider
HORIZON KINETICS ASSET MANAGEMENT LLC
Role
10% Owner
Bought
756 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 756 | $3.04 | $2K |
Holdings After Transaction:
Common Stock — 968,952 shares (Direct)
Footnotes (1)
- F1. Horizon Kinetics Asset Management LLC, a Delaware limited liability company and wholly owned subsidiary of Horizon Kinetics Holding Corporation, serves as the investment adviser to the Issuer and has a pecuniary interest in shares held in various accounts that it manages.
Key Figures
Shares purchased: 756 shares
Purchase price per share: $3.04 per share
Shares owned after transaction: 968,952 shares
3 metrics
Shares purchased
756 shares
Common stock bought on September 16, 2026 by Horizon Kinetics Asset Management LLC
Purchase price per share
$3.04 per share
Price paid for RENN Fund, Inc. common stock in the September 16, 2026 trade
Shares owned after transaction
968,952 shares
Horizon Kinetics Asset Management LLC holdings of RENN Fund, Inc. common stock after the reported purchase
Key Terms
pecuniary interest, investment adviser, ten percent owner
3 terms
pecuniary interest financial
"has a pecuniary interest in shares held in various accounts"
investment adviser financial
"serves as the investment adviser to the Issuer"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
ten percent owner regulatory
"reporting person is identified as a ten percent owner"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did RCG report in this Form 4?
The filing reports that Horizon Kinetics Asset Management LLC purchased 756 shares of RENN Fund, Inc. common stock on September 16, 2026 at $3.04 per share in an open-market or private transaction.
Was the RCG insider trade made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not selected, and there is no footnote stating the trade was made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
Who is the reporting person in this RCG Form 4 and what is their role?
The reporting person is Horizon Kinetics Asset Management LLC, a ten percent owner of RENN Fund, Inc. It is a Delaware limited liability company and a wholly owned subsidiary of Horizon Kinetics Holding Corporation, serving as investment adviser to RENN Fund, Inc.
Is the RCG insider transaction a purchase or a sale?
It is a purchase. The Form 4 classifies the transaction as a buy in an open-market or private transaction, with 756 shares of RENN Fund, Inc. common stock acquired at $3.04 per share on September 16, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.