Peter Doyle (RCG) adds 300 RENN Fund shares in open‑market purchase
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RENN Fund, Inc. co-portfolio manager Peter Doyle reported an open-market purchase of 300 shares of common stock at $2.72 per share. After this transaction, he directly owns 1,800 shares. The filing also shows indirect holdings through his spouse as trustee of 300 and 13,334 shares held in trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 300 shares ($816)
Net Buy
3 txns
Insider
DOYLE PETER
Role
null
Bought
300 shs ($816.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 300 | $2.72 | $816.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,800 shares (Direct, null);
Common Stock — 13,334 shares (Indirect, Spouse)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 300 shares
Purchase price: $2.72 per share
Direct holdings after transaction: 1,800 shares
+2 more
5 metrics
Shares purchased
300 shares
Open-market purchase of common stock
Purchase price
$2.72 per share
Price for 300-share open-market buy
Direct holdings after transaction
1,800 shares
Common stock directly owned post-transaction
Indirect trust holding A
300 shares
Held in trust; spouse as trustee
Indirect trust holding B
13,334 shares
Held in trust; spouse as trustee
Key Terms
open-market purchase, indirect ownership, trustee, non-derivative
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.
indirect ownership financial
"ownership_type: indirect, nature_of_ownership: Spouse"
trustee financial
"spouse serves as trustee for these shares held in trust"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
non-derivative financial
"transaction_type: non-derivative"
FAQ
What insider transaction did Peter Doyle report for RENN Fund (RCG)?
Peter Doyle reported an open-market purchase of 300 RENN Fund shares. The transaction was executed at a price of $2.72 per share, increasing his directly held position to 1,800 shares of common stock after the trade.
What is the transaction code and type in Peter Doyle’s RENN Fund (RCG) Form 4?
The main transaction uses code P, indicating an open-market purchase of common stock. It is classified as a non-derivative transaction, meaning Doyle bought the shares directly rather than through options, warrants, or other derivative securities.