RENN Fund (RCG) Co-Portfolio Manager Peter Doyle Buys 500 Shares

What Happened

• Peter Doyle, Co-Portfolio Manager at RENN Fund, purchased 500 shares on 2026-06-01 at $2.71 per share for a total of $1,355. The transaction is a purchase (transaction code P), which investors often view as a more informative/positive insider action than routine sales.

Key Details

• Transaction date: 2026-06-01; filing date: 2026-06-02 (timely filing)
• Price and amount: 500 shares at $2.71 each; total value $1,355
• Transaction code: P (purchase)
• Shares owned after transaction: not specified in the provided filing details
• Footnote: The reporting person’s spouse serves as trustee for these shares held in trust (indicates indirect ownership via a trust)
• Filing timeliness: Reported the next day — not indicated as late

Context

• This report documents a straightforward open-market/private purchase, not an option exercise, gift, or award. Purchases by insiders can be interpreted by retail investors as a sign of confidence, but they do not, by themselves, explain the insider’s motivation.