HORIZON KINETICS ASSET MANAGEMENT LLC 4

What Happened

• Horizon Kinetics Asset Management LLC, a 10% owner of RENN Fund, purchased 756 shares of RENN Fund, Inc. (RCG) on July 17, 2026. The transaction was an open-market/private purchase (Form 4 code P) at $3.02 per share, totaling approximately $2,283. This was a purchase (a bullish signal in that shares were acquired), though the dollar amount is modest.

Key Details

• Transaction date and price: 2026-07-17, 756 shares at $3.02 each.
• Total value: ≈ $2,283.
• Shares owned after transaction: Not disclosed on the filing.
• Footnote: Horizon Kinetics Asset Management LLC is a Delaware adviser and wholly owned subsidiary of Horizon Kinetics Holding Corporation; it has a pecuniary interest in shares held across accounts it manages (per filing footnote).
• Filing timeliness: Filed 2026-07-20 — within the required Form 4 reporting window (timely).

Context

• This transaction was made by an institutional 10% owner (investment adviser), not an individual executive; such purchases reflect trading by the adviser or accounts it manages rather than a company insider's personal decision.
• The purchase amount is small, so while it's a purchase signal, its informational weight for investors is limited unless part of a larger pattern.