RENN Fund VP buys 1,000 shares at $2.95
RENN Fund, Inc. (RCG) reported that officer Jay H. Kesslen, a Vice-President, purchased 1,000 shares of common stock in an open-market or private transaction on 2026-08-24 at $2.95 per share.
Rhea-AI Filing Summary
RENN Fund, Inc. (RCG) reported that officer Jay H. Kesslen, a Vice-President, purchased 1,000 shares of common stock in an open-market or private transaction on 2026-08-24 at $2.95 per share. Following this trade, his directly held position increased to 44,880 shares of RCG common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,000 shares
Net Buy
1 txn
Insider
Kesslen Jay H
Role
Vice-President
Bought
1,000 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,000 | $2.95 | $3K |
Holdings After Transaction:
Common Stock — 44,880 shares (Direct)
Key Figures
Shares purchased: 1,000 shares of Common Stock
Purchase price per share: $2.95 per share
Shares owned after transaction: 44,880 shares of Common Stock
3 metrics
Shares purchased
1,000 shares of Common Stock
Non-derivative purchase on 2026-08-24
Purchase price per share
$2.95 per share
Purchase in open market or private transaction on 2026-08-24
Shares owned after transaction
44,880 shares of Common Stock
Direct ownership following the reported purchase
Key Terms
Form 4, Common Stock, Rule 10b5-1
3 terms
Form 4 regulatory
"reported this insider trade on a Form 4 insider ownership report"
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.
Common Stock financial
"purchased 1,000 shares of Common Stock in the transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Rule 10b5-1 regulatory
"the Rule 10b5-1 checkbox is not affirmed for this transaction"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did RCG report for Jay H. Kesslen?
RCG reported that Vice-President Jay H. Kesslen purchased 1,000 shares of RENN Fund, Inc. common stock in a purchase in open market or private transaction on 2026-08-24 at $2.95 per share.
Was the August 24, 2026 RCG trade by Jay H. Kesslen under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed (set to false), so the 1,000-share purchase on 2026-08-24 was not reported as made under a Rule 10b5-1 trading plan.
Is the reported RCG ownership by Jay H. Kesslen direct or indirect?
The Form 4 classifies Jay H. Kesslen’s ownership as direct, with 44,880 shares of RENN Fund, Inc. (RCG) common stock held directly after the 1,000-share purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
