HORIZON KINETICS ASSET MANAGEMENT LLC 4

What Happened Horizon Kinetics Asset Management LLC, listed as a 10% owner and the investment adviser to RENN Fund, Inc. (RCG), made an open market/private purchase of 756 shares of RENN Fund on July 24, 2026. The shares were acquired at $3.02 per share for a total reported cost of $2,283. This was a purchase (a bullish cash investment), though the dollar amount is modest.

Key Details

• Transaction date: 2026-07-24; Transaction type/code: Purchase (P) — open market or private purchase.
• Price per share: $3.02; Shares purchased: 756; Total reported value: $2,283.
• Filing date (Form 4): 2026-07-27 — appears to be filed timely.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Horizon Kinetics Asset Management LLC is a Delaware LLC and wholly owned subsidiary of Horizon Kinetics Holding Corporation; it has a pecuniary interest in shares held across accounts it manages (F1). This indicates institutional/ advisory holdings rather than an individual executive trade.

Context This report reflects an institutional adviser’s small purchase rather than insider executive trading. Purchases can be more informative than sales, but the size here ($2.3K) is limited and may reflect portfolio rebalancing or client account activity rather than a strong signal about company prospects.