Horizon Kinetics (RCG adviser) adds to RENN Fund stake with open-market buy

Rhea-AI Filing Summary

Horizon Kinetics Asset Management LLC, a ten percent owner of RENN Fund, Inc., reported an open-market purchase of 756 shares of common stock at $3.11 per share. Following this transaction, the firm now directly holds 929,640 shares of RENN Fund common stock.

Horizon Kinetics Asset Management LLC serves as the investment adviser to RENN Fund and has a pecuniary interest in shares through various managed accounts, so this filing reflects trading activity by the adviser entity rather than by an individual executive.

Insider Trade Summary

Net Buyer: 756 shares ($2,351)

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	$3.11	$2K

Holdings After Transaction: Common Stock — 929,640 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares purchased: 756 shares Purchase price: $3.11 per share Shares held after transaction: 929,640 shares +2 more

5 metrics

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

Purchase price $3.11 per share Price paid for RENN Fund common stock on transaction date

Shares held after transaction 929,640 shares Direct holdings of RENN Fund common stock after purchase

Transaction code P Denotes purchase in open market or private transaction

Ownership status Ten percent owner Reporting person classification for Horizon Kinetics

Key Terms

open-market purchase, pecuniary interest, investment adviser, ten percent owner, +1 more

5 terms

open-market purchase financial

"transaction_action: "open-market purchase" for the 756-share common stock buy"

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

"HKAM has a pecuniary interest in shares of the Issuer through various accounts"

investment adviser financial

"Horizon Kinetics Asset Management LLC 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

"HORIZON KINETICS ASSET MANAGEMENT LLC is listed as a ten percent owner"

non-derivative financial

"transaction_type is "non-derivative" for this common stock transaction"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 11:40 AM Accepted by SEC EDGAR 07/06/2026 - 11:39 AM 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)
07/02/2026

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	07/02/2026		P		756	A	$3.11	929,640(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	07/06/2026
	** 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 RENN Fund (RCG)?

Horizon Kinetics Asset Management LLC reported buying 756 shares of RENN Fund common stock in an open-market transaction at $3.11 per share. This increased its direct holdings to 929,640 shares, reflecting a modest addition to its advisory-managed position.

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

The reporting person is Horizon Kinetics Asset Management LLC, a ten percent owner of RENN Fund, Inc. It serves as the fund’s investment adviser and has a pecuniary interest in shares through various client accounts that it manages, according to the Form 4 footnote.

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

After the reported purchase, Horizon Kinetics Asset Management LLC directly holds 929,640 shares of RENN Fund common stock. This figure represents the total direct ownership reported on the Form 4 following the 756-share open-market acquisition at $3.11 per share.

What type of transaction was reported in the RENN Fund (RCG) Form 4?

The Form 4 shows an open-market purchase of RENN Fund common stock. Horizon Kinetics Asset Management LLC bought 756 shares at $3.11 per share, coded as a “P” transaction, which denotes a purchase in an open market or private transaction under SEC rules.

Does the RENN Fund (RCG) Form 4 involve derivative securities or options?

No, the reported transaction involves only non-derivative common stock of RENN Fund. The derivative summary section is empty, indicating no options, warrants, or other derivative securities were exercised, converted, or otherwise affected in this particular Form 4 filing.