DOYLE PETER 4

What Happened Peter Doyle, a Co-Portfolio Manager at RENN Fund, Inc. (RCG), acquired 300 shares on December 18, 2025. The filing reports a purchase price of $2.60 per share, for a total cost of $780. This was recorded as a purchase (transaction code P), which is generally viewed as a direct ownership increase rather than a sale.

Key Details

• Transaction date: 2025-12-18
• Transaction type: Open market or private purchase (code P)
• Price per share: $2.60
• Shares purchased: 300
• Total value: $780
• Shares owned after transaction: Not reported in the Form 4 filing
• Filing date with SEC: 2026-02-10 (the Form 4 was filed late relative to the transaction date)
• No 10b5-1 plan, tax-withholding, or other footnotes were disclosed in the filing

Context This was a small, direct purchase by a portfolio manager, increasing insider ownership modestly. Purchases can be interpreted as a positive signal, but the dollar amount here ($780) is minimal and may reflect a routine or administrative acquisition rather than a major vote of confidence. The late filing means the market did not receive immediate disclosure of the transaction.