RENN Fund (RCG) 10% Owner Horizon Kinetics Buys 756 Shares

What Happened Horizon Kinetics Asset Management LLC, reported as a 10% owner and the issuer's investment adviser, acquired 756 shares of RENN Fund, Inc. (RCG) on 2026-08-28. The shares were purchased at $2.95 per share for a total reported value of approximately $2,230. The transaction is reported as a purchase (transaction code P), indicating an acquisition rather than a sale.

Key Details

• Transaction date: 2026-08-28
• Transaction type: Purchase (P) — open market or private purchase (as reported)
• Size & price: 756 shares at $2.95 each; total ≈ $2,230
• Shares owned after transaction: Not specified in the provided filing data
• Footnote: Horizon Kinetics Asset Management LLC is a Delaware LLC, wholly owned by Horizon Kinetics Holding Corporation; it serves as the issuer's investment adviser and has a pecuniary interest in shares held in accounts it manages.
• Filing: Form 4 filed on 2026-08-31 — appears to be within the standard reporting window (not marked late).

Context This is institutional buying by a 10% owner/adviser, not an individual executive. Such purchases reflect positions held in accounts managed by the adviser and may represent routine portfolio activity; the dollar amount here (~$2.2K) is modest. The filing provides no indication of personal insider intent, and no late-filing flag was reported.