HORIZON KINETICS ASSET MANAGEMENT LLC 4

What Happened
Horizon Kinetics Asset Management LLC — reported as a 10% owner of RENN Fund, Inc. (RCG) — acquired 756 shares on July 29, 2026. The shares were purchased at $3.04 per share in a transaction reported as a purchase (P), for a total cost of $2,298. This was a buy (purchase) rather than a sale.

Key Details

• Transaction date: 2026-07-29
• Transaction type and code: Open market/private purchase (P) — reported as a purchase
• Price per share: $3.04
• Shares acquired: 756
• Total transaction value: $2,298
• Shares owned after the transaction: Not disclosed in the Form 4 filing
• Footnote: Horizon Kinetics Asset Management LLC is a Delaware LLC and wholly owned subsidiary of Horizon Kinetics Holding Corporation; it serves as the investment adviser to the issuer and has pecuniary interests in shares held in various accounts it manages (per filing footnote). This is institutional ownership, not an individual executive trade.
• Filing timeliness: Reported on 2026-07-30 for a 2026-07-29 transaction (timely filing).

Context
Because Horizon Kinetics is a 10% institutional owner and investment adviser, this purchase likely reflects portfolio or account-level allocation rather than an executive's personal signal. The dollar amount is modest ($2.3K), so while it's a purchase (often seen as mildly bullish), the size is small and may not meaningfully change ownership or indicate a major shift in sentiment.