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

What Happened Horizon Kinetics Asset Management LLC, a 10% owner and the investment adviser to RENN Fund, purchased 756 shares of RENN Fund (RCG) on 2026-09-17 at $3.04 per share for a reported total of $2,298. This was a purchase (transaction code P), indicating the firm acquired additional shares rather than selling.

Key Details

• Transaction date and price: 2026-09-17, 756 shares at $3.04 each (total $2,298 reported).
• Filing date: Form 4 filed 2026-09-18 (timely filing; no late filing indicated).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Horizon Kinetics Asset Management LLC is a Delaware LLC, wholly owned by Horizon Kinetics Holding Corporation, serving as the issuer’s investment adviser and having a pecuniary interest in shares held across various accounts it manages (per F1).
• Transaction type: Purchase (open market or private purchase as reported).

Context This filing reflects an institutional purchase by a 10% owner/investment adviser, not an individual officer or director. Such trades often reflect portfolio management activity across client or managed accounts; the modest dollar amount ($2.3K) suggests routine allocation rather than a large stewardship move. No options, awards, gifts, or tax-withholding events are involved.