RENN Fund co-manager buys 500 shares at $2.71
RENN Fund, Inc. co-portfolio manager Peter Doyle reported an open-market purchase of 500 shares of RENN Fund common stock at $2.71 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
RENN Fund, Inc. co-portfolio manager Peter Doyle reported an open-market purchase of 500 shares of RENN Fund common stock at $2.71 per share. After this transaction, he directly holds 1,100 common shares. The filing also shows indirect holdings of 300 shares and 13,334 shares held in trust, with his spouse serving as trustee.
Insider Trade Summary
Net Buyer: 500 shares
Net Buy
3 txns
Insider
DOYLE PETER
Role
Insider
Bought
500 shs ($1K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 500 | $2.71 | $1K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,100 shares (Direct);
Common Stock — 13,634 shares (Indirect, Spouse)
Footnotes (1)
- F1. The Reporting Person's spouse serves as trustee for these shares held in trust.
Key Figures
Open-market purchase: 500 shares
Purchase price: $2.71 per share
Direct holdings after trade: 1,100 shares
+2 more
5 metrics
Open-market purchase
500 shares
Common Stock bought in open market
Purchase price
$2.71 per share
Price for 500-share purchase
Direct holdings after trade
1,100 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, Form 4
4 terms
open-market purchase financial
"reported an open-market purchase of 500 shares of RENN Fund 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.
indirect ownership financial
"The filing also shows indirect holdings of 300 shares and 13,334 shares held in trust"
trustee financial
"held in trust, with his spouse serving as trustee"
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.
Form 4 regulatory
"The Form 4 shows 1,100 shares held directly after the purchase"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Peter Doyle report for RENN Fund (RCG)?
Peter Doyle reported an open-market purchase of 500 shares of RENN Fund common stock at $2.71 per share. This filing reflects an increase in his direct ownership stake in the fund’s shares as of the reported transaction date.
What indirect RENN Fund (RCG) holdings are associated with Peter Doyle?
The filing shows indirect ownership of 300 shares and 13,334 shares of RENN Fund common stock held in trust. A footnote states that Doyle’s spouse serves as trustee for these trust-held shares, linking them to the reporting person’s overall economic exposure.
What does the Form 4 reveal about Peter Doyle’s overall RENN Fund (RCG) position?
The Form 4 shows 1,100 shares held directly after the purchase and two indirect trust positions of 300 and 13,334 shares. Together, these figures outline both his personal holdings and additional shares associated with his household through trust arrangements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates