Horizon Kinetics adds RENN Fund (RCG) shares in 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 $3.09 per share. Following this transaction, its reported direct holdings increased to 928,884 shares of RENN Fund common stock.

According to the disclosure, Horizon Kinetics Asset Management serves as the investment adviser to RENN Fund and has a pecuniary interest in shares of the fund through various accounts that it manages.

Insider Trade Summary

Net Buyer: 756 shares ($2,336)

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	$3.09	$2K

Holdings After Transaction: Common Stock — 928,884 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares purchased: 756 shares Purchase price: $3.09 per share Shares held after transaction: 928,884 shares

3 metrics

Shares purchased 756 shares Open-market purchase of RENN Fund common stock

Purchase price $3.09 per share Price paid in the reported transaction

Shares held after transaction 928,884 shares Direct holdings following the Form 4 transaction

Key Terms

open-market purchase, pecuniary interest, investment adviser

3 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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 12:35 PM Accepted by SEC EDGAR 07/02/2026 - 12:35 PM 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)
07/01/2026

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	07/01/2026		P		756	A	$3.09	928,884(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	07/02/2026
	** 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)

FAQ

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

Horizon Kinetics Asset Management LLC reported buying 756 shares of RENN Fund common stock in an open-market transaction at $3.09 per share. This updated its reported direct holdings to 928,884 shares following the purchase.

Who is the reporting person in this RENN Fund (RCG) Form 4 filing?

The reporting person is Horizon Kinetics Asset Management LLC, which is identified as a more than ten percent owner of RENN Fund, Inc. It serves as the fund’s investment adviser and has a pecuniary interest through various managed accounts.

At what price did Horizon Kinetics buy RENN Fund (RCG) shares?

Horizon Kinetics Asset Management LLC purchased 756 shares of RENN Fund common stock at $3.09 per share. The transaction is classified as an open-market purchase under the Form 4 transaction code P description.

How many RENN Fund (RCG) shares does Horizon Kinetics hold after this transaction?

After the reported purchase, Horizon Kinetics Asset Management LLC’s direct holdings total 928,884 shares of RENN Fund common stock. This figure reflects its position immediately following the 756-share open-market purchase disclosed in the Form 4.

What does the Form 4 say about Horizon Kinetics’ relationship to RENN Fund (RCG)?

The Form 4 states that Horizon Kinetics Asset Management LLC serves as the investment adviser to RENN Fund, Inc. It has a pecuniary interest in shares of the fund through various accounts that it manages as adviser.