Horizon Kinetics (NYSE: RCG) adds RENN Fund shares in open-market buys

Rhea-AI Filing Summary

Horizon Kinetics Asset Management LLC, a more than 10% owner of RENN Fund, Inc., reported open-market purchases of the fund’s common stock. The firm bought 756 shares at $2.73 per share on May 28, 2026 and 756 shares at $2.70 per share on May 27, 2026, for a total of 1,512 shares. After these trades, Horizon Kinetics directly owned 911,496 common shares, reflecting modest incremental buying for accounts it advises.

Insider Trade Summary

Net Buyer: 1,512 shares ($4,105)

Net Buy 2 txns

Insider HORIZON KINETICS ASSET MANAGEMENT LLC

Role null

Bought 1,512 shs ($4K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	756	$2.73	$2K
Purchase	Common Stock	756	$2.70	$2K

Holdings After Transaction: Common Stock — 911,496 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares bought May 28, 2026: 756 shares Price May 28, 2026: $2.73/share Shares bought May 27, 2026: 756 shares +3 more

6 metrics

Shares bought May 28, 2026 756 shares Open-market purchase at $2.73 per share

Price May 28, 2026 $2.73/share Open-market purchase of 756 common shares

Shares bought May 27, 2026 756 shares Open-market purchase at $2.70 per share

Price May 27, 2026 $2.70/share Open-market purchase of 756 common shares

Total shares bought 1,512 shares Net open-market purchases reported in this Form 4

Holdings after trades 911,496 shares Direct common stock owned after May 28, 2026 purchase

Key Terms

open-market purchase, pecuniary interest, investment adviser, more than 10% owner

4 terms

open-market purchase financial

"transaction_action: "open-market purchase" for each common stock trade"

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"

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.

more than 10% owner financial

"is_ten_percent_owner: 1 for Horizon Kinetics Asset Management LLC"

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^*

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)
05/27/2026

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	05/27/2026		P		756	A	$2.7	910,740(1)	D
Common Stock	05/28/2026		P		756	A	$2.73	911,496(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	05/29/2026
	** 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 activity did Horizon Kinetics report for RENN Fund (RCG)?

Horizon Kinetics Asset Management LLC reported two open-market purchases of RENN Fund common stock, totaling 1,512 shares. These buys occurred on consecutive days and modestly increased its direct holdings in the closed-end fund.

How many RENN Fund (RCG) shares did Horizon Kinetics buy and at what prices?

Horizon Kinetics bought 756 RENN Fund common shares at $2.70 and another 756 shares at $2.73. Together, the Form 4 shows 1,512 shares acquired through open-market purchases on May 27 and May 28, 2026.

What are Horizon Kinetics’ RENN Fund (RCG) holdings after these Form 4 transactions?

After the reported purchases, Horizon Kinetics directly owned 911,496 RENN Fund common shares. This figure reflects its position following the 1,512-share increase disclosed in the Form 4 insider trading report.

What type of transactions did Horizon Kinetics execute in RENN Fund (RCG) stock?

The transactions were coded “P,” indicating open-market or private purchase of common stock. The Form 4 explicitly describes them as open-market purchases, meaning Horizon Kinetics bought shares on the market rather than through options or derivative exercises.

What role does Horizon Kinetics play in relation to RENN Fund (RCG)?

Horizon Kinetics Asset Management LLC serves as investment adviser to RENN Fund and has a pecuniary interest in its shares through various managed accounts. The Form 4 identifies Horizon Kinetics as a more than 10% beneficial owner of the fund’s common stock.