Horizon Kinetics (RCG) adds to RENN Fund stake

Rhea-AI Filing Summary

Horizon Kinetics Asset Management LLC, a more than ten percent owner of RENN Fund, Inc., purchased 756 shares of common stock in an open-market transaction at $2.75 per share on June 12, 2026. After this trade, it directly held 919,812 shares, reflecting a modest incremental increase. Horizon Kinetics acts as investment adviser to RENN Fund and has a pecuniary interest in these shares through various managed accounts.

Insider Trade Summary

Net Buyer: 756 shares ($2,079)

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	$2.75	$2K

Holdings After Transaction: Common Stock — 919,812 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares purchased: 756 shares Purchase price: $2.75 per share Shares owned after trade: 919,812 shares +1 more

4 metrics

Shares purchased 756 shares Open-market purchase of common stock on June 12, 2026

Purchase price $2.75 per share Price paid for RENN Fund, Inc. common stock

Shares owned after trade 919,812 shares Direct holdings following the June 12, 2026 transaction

Ownership status More than ten percent owner Reporting person classification in Form 4

Key Terms

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

4 terms

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"

investment adviser financial

"HKAM 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 ten percent owner regulatory

"is_ten_percent_owner: 1"

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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)
06/12/2026

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	06/12/2026		P		756	A	$2.75	919,812(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	06/15/2026
	** 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 did Horizon Kinetics Asset Management LLC do in this RCG Form 4 filing?

Horizon Kinetics Asset Management LLC reported buying 756 shares of RENN Fund, Inc. common stock in an open-market transaction. The shares were purchased at $2.75 each, slightly increasing its already large position in the fund.

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

After the reported purchase, Horizon Kinetics Asset Management LLC directly holds 919,812 shares of RENN Fund, Inc. common stock. This figure reflects its position immediately following the June 12, 2026 open-market transaction disclosed in the Form 4.

What price did Horizon Kinetics pay for RENN Fund (RCG) shares in this Form 4?

Horizon Kinetics Asset Management LLC paid $2.75 per share for 756 shares of RENN Fund, Inc. common stock. The transaction was characterized as an open-market or private purchase, indicating it was executed at prevailing market pricing.

Is Horizon Kinetics a major shareholder of RENN Fund (RCG)?

Yes. Horizon Kinetics Asset Management LLC is identified as a more than ten percent owner of RENN Fund, Inc. This status indicates a significant stake in the fund, and the Form 4 reflects ongoing adjustments to its holdings.

In what capacity does Horizon Kinetics hold RENN Fund (RCG) shares?

Horizon Kinetics Asset Management LLC serves as investment adviser to RENN Fund, Inc. and has a pecuniary interest in the fund’s shares through various accounts it manages. It is a Delaware LLC and wholly owned subsidiary of Horizon Kinetics Holding Corporation.