Horizon Kinetics buys RENN Fund common shares

Horizon Kinetics Asset Management LLC, a ten percent owner of RENN Fund, Inc. and its investment adviser, purchased 756 shares of common stock on 2026-07-20 at $3.03 per share.

Rhea-AI Filing Summary

Horizon Kinetics Asset Management LLC, a ten percent owner of RENN Fund, Inc. and its investment adviser, purchased 756 shares of common stock on 2026-07-20 at $3.03 per share. The transaction, reported as a purchase in an open-market or private transaction, increased its direct holdings to 937,956 shares. A footnote states that Horizon Kinetics Asset Management LLC has a pecuniary interest in shares held in various accounts that it manages, and the transaction was not marked as conducted under a Rule 10b5-1 trading plan.

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	$3.03	$2K

Holdings After Transaction: Common Stock — 937,956 shares (Direct)

Footnotes (1)

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: $3.03 per share Shares owned after transaction: 937,956 shares

3 metrics

Shares purchased 756 shares Common Stock bought on 2026-07-20

Purchase price $3.03 per share Price for the 756-share Common Stock purchase

Shares owned after transaction 937,956 shares Direct Common Stock holdings following the 2026-07-20 purchase

Key Terms

pecuniary interest, investment adviser, ten percent owner

3 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 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 regulatory

"Horizon Kinetics Asset Management LLC is reported as a ten percent owner"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Horizon Kinetics report for RENN Fund (RCG)?

Horizon Kinetics Asset Management LLC reported a purchase of RENN Fund (RCG) common stock. On 2026-07-20, it bought 756 shares in a transaction classified as an open-market or private purchase, increasing its disclosed direct position.

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

Horizon Kinetics bought 756 shares of RENN Fund (RCG) common stock at $3.03 per share. The trade date was 2026-07-20, and the transaction was reported as a purchase in an open-market or private transaction.

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

After the reported purchase, Horizon Kinetics Asset Management LLC directly holds 937,956 shares of RENN Fund (RCG) common stock. This figure reflects its position immediately following the 756-share acquisition on 2026-07-20.

What is Horizon Kinetics’ role in relation to RENN Fund (RCG)?

Horizon Kinetics Asset Management LLC is a ten percent owner of RENN Fund (RCG) and serves as its investment adviser. It has a pecuniary interest in shares held across various accounts that it manages, as disclosed in the footnote.

Was Horizon Kinetics’ RENN Fund (RCG) trade under a Rule 10b5-1 plan?

The Form 4 indicates the transaction was not made under a Rule 10b5-1 trading plan. The document-level checkbox for Rule 10b5-1 arrangements is marked false, and no footnote states that a pre-arranged plan governed this trade.

Is Horizon Kinetics’ ownership of RENN Fund (RCG) direct or through other entities?

The reported 937,956 shares of RENN Fund (RCG) are classified as directly owned by Horizon Kinetics Asset Management LLC. A footnote adds that it has a pecuniary interest in shares held in various accounts that it manages.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/21/2026 - 11:43 AM Accepted by SEC EDGAR 07/21/2026 - 11:42 AM Learn about SEC filing dates

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)
07/20/2026

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	07/20/2026		P		756	A	$3.03	937,956(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, 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.

	/s/ Jay Kesslen, attorney-in-fact	07/21/2026
	** 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)