Horizon Kinetics (RCG) modestly increases RENN Fund stake with open-market buy

Rhea-AI Filing Summary

Horizon Kinetics Asset Management LLC, a more than ten percent owner of RENN Fund, Inc., reported an open-market purchase of 756 shares of common stock at $3.02 per share on July 9, 2026. Following this transaction, it reports holding 932,664 shares directly. Horizon Kinetics Asset Management serves as investment adviser to RENN Fund and has a pecuniary interest in shares through various managed accounts.

Insights

Equity ownership analyst

Horizon Kinetics added a small number of RENN Fund shares, modestly increasing its already large position.

Horizon Kinetics Asset Management LLC, a more than ten percent owner of RENN Fund, Inc., executed an open-market purchase of 756 shares of common stock at $3.02 per share on July 9, 2026. This raises its reported direct holdings to 932,664 shares.

The filing notes that Horizon Kinetics Asset Management serves as investment adviser to the fund and has a pecuniary interest in shares through various managed accounts. The trade size is small relative to the reported position, so this looks like routine portfolio activity rather than a transformative move.

Insider Trade Summary

Net Buyer: 756 shares ($2,283)

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	$3.02	$2K

Holdings After Transaction: Common Stock — 932,664 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares purchased: 756 shares Purchase price: $3.02 per share Shares held after transaction: 932,664 shares +1 more

4 metrics

Shares purchased 756 shares Open-market purchase of RENN Fund common stock on July 9, 2026

Purchase price $3.02 per share Price paid for the 756 RENN Fund common shares

Shares held after transaction 932,664 shares Direct RENN Fund common stock holdings reported after the trade

Net buy shares 756 shares Net buying across all reported transactions in this Form 4

Key Terms

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

4 terms

open-market purchase financial

"reported an open-market purchase of 756 shares of common stock"

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 through various accounts"

investment adviser financial

"serves as the investment adviser to the Issuer and has a pecuniary interest"

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.

ten percent owner financial

"identified as a more than ten percent owner of RENN Fund, Inc."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 11:12 AM Accepted by SEC EDGAR 07/10/2026 - 11:12 AM Learn about SEC filing dates

FAQ

What insider transaction did RENN Fund (RCG) report on July 9, 2026?

RENN Fund (RCG) reported that Horizon Kinetics Asset Management LLC made an open-market purchase of its common stock on July 9, 2026. The filing discloses a single transaction in common shares.

How many RENN Fund (RCG) shares did Horizon Kinetics buy and at what price?

Horizon Kinetics Asset Management LLC bought 756 shares of RENN Fund (RCG) common stock at $3.02 per share. The transaction was reported as an open-market purchase of non-derivative securities.

What is Horizon Kinetics’ total RENN Fund (RCG) holding after this Form 4 trade?

After the reported transaction, Horizon Kinetics Asset Management LLC’s direct holding in RENN Fund (RCG) increased to 932,664 shares of common stock. This figure reflects its position following the July 9, 2026 purchase.

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 (RCG). The Form 4 indicates it holds 932,664 shares of common stock directly after the reported purchase.

What role does Horizon Kinetics play in relation to RENN Fund (RCG)?

Horizon Kinetics Asset Management LLC serves as the investment adviser to RENN Fund (RCG) and has a pecuniary interest in its shares through various managed accounts, according to the filing’s footnote.

Was the RENN Fund (RCG) insider transaction a buy or a sell?

The reported transaction was a buy. Horizon Kinetics Asset Management LLC executed an open-market purchase of 756 RENN Fund (RCG) common shares; no sales were reported in this Form 4.

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)
07/09/2026

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	07/09/2026		P		756	A	$3.02	932,664(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	07/10/2026
	** 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)