Horizon Kinetics (RCG) increases RENN Fund stake with open-market share purchase

Rhea-AI Filing Summary

Horizon Kinetics Asset Management LLC, a more than ten percent owner of RENN Fund, Inc., purchased 756 shares of the fund’s common stock in an open-market transaction at $2.78 per share. Following this trade, it directly holds 923,592 shares of RENN Fund common stock. Horizon Kinetics Asset Management serves as the fund’s investment adviser and has a pecuniary interest in shares through various managed accounts.

Insider Trade Summary

Net Buyer: 756 shares ($2,102)

Net Buy 1 txn

Insider HORIZON KINETICS ASSET MANAGEMENT LLC

Role null

Bought 756 shs ($2K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	756	$2.78	$2K

Holdings After Transaction: Common Stock — 923,592 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares purchased: 756 shares Purchase price: $2.78 per share Post-transaction holdings: 923,592 shares +1 more

4 metrics

Shares purchased 756 shares Open-market purchase of RENN Fund common stock

Purchase price $2.78 per share Price paid for newly purchased RENN Fund shares

Post-transaction holdings 923,592 shares Direct RENN Fund common stock held after the trade

Net buy direction 756 net shares bought transactionSummary shows net-buy activity in this filing

Key Terms

Form 4, open-market purchase, pecuniary interest, ten percent owner

4 terms

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

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.

open-market purchase financial

"transaction_action": "open-market purchase""

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.

pecuniary interest financial

"has a pecuniary interest in shares of the Issuer"

ten percent owner regulatory

""is_ten_percent_owner": 1"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/23/2026 - 12:57 PM Accepted by SEC EDGAR 06/23/2026 - 12:56 PM Learn about SEC filing dates

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^*

HORIZON KINETICS ASSET MANAGEMENT LLC

(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	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

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	06/22/2026		P		756	A	$2.78	923,592(1)	D

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. Horizon Kinetics Asset Management LLC ("HKAM") serves as the investment adviser to the Issuer and has a pecuniary interest in shares of the Issuer through various accounts that it manages. HKAM is a Delaware limited liability company and a wholly owned subsidiary of Horizon Kinetics Holding Corporation, a Delaware corporation.

	/s/ Jay Kesslen, attorney-in-fact	06/23/2026
	** 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 Horizon Kinetics report for RCG on this Form 4?

Horizon Kinetics Asset Management LLC reported buying 756 shares of RENN Fund, Inc. common stock. The shares were acquired in an open-market transaction at $2.78 per share, increasing its direct holdings to 923,592 shares after the transaction.

Who is the reporting person in the RENN Fund (RCG) Form 4 filing?

The reporting person is Horizon Kinetics Asset Management LLC, a more than ten percent owner of RENN Fund, Inc. It also serves as the investment adviser to the fund and has a pecuniary interest in shares through various accounts it manages.

How many RENN Fund (RCG) shares does Horizon Kinetics hold after this trade?

After purchasing 756 shares, Horizon Kinetics Asset Management LLC directly holds 923,592 shares of RENN Fund, Inc. common stock. This total reflects the position immediately following the reported open-market purchase on the transaction date shown in the filing.

At what price did Horizon Kinetics buy RENN Fund (RCG) shares in this Form 4?

Horizon Kinetics Asset Management LLC bought the 756 RENN Fund, Inc. common shares at $2.78 per share. The transaction is classified as an open-market purchase under code P, which indicates a standard market or private purchase of the security.

What does the Form 4 footnote say about Horizon Kinetics’ role with RENN Fund (RCG)?

The footnote explains that Horizon Kinetics Asset Management LLC serves as the investment adviser to RENN Fund, Inc. It notes the adviser has a pecuniary interest in shares of the fund through various managed accounts and is a wholly owned subsidiary of Horizon Kinetics Holding Corporation.