RENN Fund VP buys 1,000 shares at $2.95 stock
RENN Fund, Inc. (RCG) reported that officer Jay H. Kesslen, Vice-President, purchased 1,000 shares of Common Stock on 2026-08-26 at a price of $2.95 per share in an open market or private transaction.
Rhea-AI Filing Summary
RENN Fund, Inc. (RCG) reported that officer Jay H. Kesslen, Vice-President, purchased 1,000 shares of Common Stock on 2026-08-26 at a price of $2.95 per share in an open market or private transaction. After this transaction, Kesslen directly holds a total of 46,880 shares of RENN Fund, Inc. 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 — 46,880 shares (Direct)
Key Figures
Shares purchased: 1,000 shares of Common Stock
Purchase price per share: $2.95 per share
Shares owned after transaction: 46,880 shares of Common Stock
3 metrics
Shares purchased
1,000 shares of Common Stock
Purchase on 2026-08-26 reported on Form 4
Purchase price per share
$2.95 per share
Open market or private transaction on 2026-08-26
Shares owned after transaction
46,880 shares of Common Stock
Direct ownership following the reported purchase
Key Terms
Rule 10b5-1, Form 4, open market or private transaction
3 terms
Rule 10b5-1 regulatory
"The filing’s Rule 10b5-1 checkbox is marked false"
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.
Form 4 regulatory
"Purchase on 2026-08-26 reported on Form 4"
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.
open market or private transaction financial
"Transaction code P described as purchase in open market or private transaction"
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 on 2026-08-26 in an open market or private transaction at a price of $2.95 per share.
Was the RCG insider trade made under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is marked false, indicating the reported purchase of 1,000 RCG shares on 2026-08-26 was not affirmed as being made under a Rule 10b5-1 trading plan.
What transaction code was used for Jay H. Kesslen’s RCG trade?
The trade is reported with transaction code P, described as a purchase in open market or private transaction, covering 1,000 shares of RENN Fund, Inc. Common Stock at $2.95 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.