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, purchased 756 shares of RENN Fund (RCG) on 2026-09-16. The reported purchase price was $3.04 per share, for a total reported cost of $2,298. This was a purchase (P), which is generally viewed as a more informative action than routine sales.

Key Details

• Transaction date: 2026-09-16; filing date: 2026-09-17 (timely filing).
• Transaction type: Purchase (open-market or private purchase), 756 shares at $3.04 each.
• Total value reported: $2,298.
• Shares owned after the transaction: not specified in this Form 4 filing.
• Footnote: Horizon Kinetics Asset Management LLC is the issuer’s investment adviser and has a pecuniary interest in shares held across various accounts it manages (see F1).
• No 10b5-1 plan, tax withholding, option exercise, or gift noted.

Context
This filing reflects institutional buying by a 10% owner and investment adviser rather than a corporate insider (executive or director). Institutional purchases can reflect portfolio positioning across managed accounts; the footnote clarifies the firm holds interests across various accounts it manages. As always, the transaction is factual and does not by itself indicate the adviser’s motivations or predict future stock performance.