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

What Happened
Horizon Kinetics Asset Management LLC, reported as a 10% owner of RENN Fund, bought 756 shares of RCG at $2.95 per share on 2026-09-02, for a total reported cost of $2,230. The Form 4 was filed on 2026-09-03. This was a purchase (code P), which is generally more informative to investors than routine sales.

Key Details

• Transaction date and price: 2026-09-02 — 756 shares @ $2.95 each (total $2,230).
• Transaction type: Purchase (reported as "Open market or private purchase" — code P).
• Shares owned after the transaction: Not disclosed on the reported Form 4.
• Footnote: Horizon Kinetics Asset Management LLC is a Delaware LLC, wholly owned by Horizon Kinetics Holding Corporation, and has a pecuniary interest in shares held across accounts it manages (see F1).
• Filing timeliness: Form 4 was filed the business day after the trade (within the 2-business-day SEC filing window).

Context
This is institutional/investment-adviser activity by a 10% owner rather than trading by a company executive; the filing’s footnote indicates the interest is held across managed accounts. Such purchases can reflect portfolio allocations or client-directed buys rather than a personal insider bet, so interpret accordingly.