HORIZON KINETICS ASSET MANAGEMENT LLC 4

What Happened

• Horizon Kinetics Asset Management LLC, identified as a 10% owner and the investment adviser to RENN Fund, acquired 756 shares of RENN Fund, Inc. (RCG) on July 10, 2026.
• The reported price was $3.02 per share, for a total reported purchase value of $2,283. This transaction is a purchase (code P), which is generally viewed as a modest bullish action.

Key Details

• Transaction date: 2026-07-10; Filing date: 2026-07-13. The filing does not indicate a tardiness code; timeliness is not specified in the Form 4 text provided.
• Price and quantity: 756 shares at $3.02 per share (total $2,283).
• Transaction type: Open market or private purchase (reported as "P").
• Shares owned after transaction: Not specified in the information provided in this summary.
• Footnote: HKAM serves as the investment adviser to the issuer and holds a pecuniary interest through various managed accounts. HKAM is a Delaware LLC and a wholly owned subsidiary of Horizon Kinetics Holding Corporation.

Context

• This filing reflects institutional purchasing by a 10% owner/adviser rather than an executive officer; such institutional buys can be informative but do not necessarily indicate management sentiment. The dollar value is small relative to typical institutional trades, so impact is limited.