RENN Fund 10% owner buys 756 shares at $3.05
The 10% owner’s reported position after the purchase was 972,732 shares; no Rule 10b5-1 plan was reported.
Rhea-AI Filing Summary
RENN Fund, Inc. (RCG) reported a purchase by its 10% owner, Horizon Kinetics Asset Management LLC: 756 shares of common stock at $3.05 per share on September 23, 2026. The reported position following the purchase was 972,732 shares. Horizon Kinetics serves as the Fund’s investment adviser and has a pecuniary interest in shares held in accounts it manages. No Rule 10b5-1 plan is reported.
Positive
- None.
Negative
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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 | $3.05 | $2K |
Holdings After Transaction:
Common Stock — 972,732 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: $3.05 per share
Reported shares following purchase: 972,732 shares
3 metrics
Shares purchased
756 shares
Common stock purchased on September 23, 2026
Purchase price
$3.05 per share
Purchase on September 23, 2026
Reported shares following purchase
972,732 shares
Position following the September 23, 2026 purchase
Key Terms
pecuniary interest, investment adviser, 10% owner, Rule 10b5-1 plan
4 terms
pecuniary interest financial
"has a pecuniary interest in shares held in various accounts that it manages"
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.
10% owner financial
"Horizon Kinetics Asset Management LLC, a 10% owner"
Rule 10b5-1 plan financial
"No Rule 10b5-1 plan is reported"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
FAQ
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