RENN Fund, Inc.
US ˙ NYSEAM

Introduction

This page provides a comprehensive analysis of the known insider trading history of Jay H Kesslen. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Jay H Kesslen has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:RCG / RENN Fund, Inc. Vice-President 42,863
General Counsel and Secretary 350
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Jay H Kesslen. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases RCG / RENN Fund, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in RCG / RENN Fund, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2025-04-29 RCG Kesslen Jay H 500 2.5100 500 2.5100 1,255 122 2.7100 100 7.97
2024-11-05 RCG Kesslen Jay H 1,000 2.2200 1,000 2.2200 2,220
2024-10-14 RCG Kesslen Jay H 1,000 2.0700 1,000 2.0700 2,070
2024-02-20 RCG Kesslen Jay H 1,000 1.6600 1,000 1.6600 1,660
2023-12-29 RCG Kesslen Jay H 334 1.6800 334 1.6800 561
2023-08-22 RCG Kesslen Jay H 1,000 1.8700 1,000 1.8700 1,870
2023-06-20 RCG Kesslen Jay H 1,000 1.8000 1,000 1.8000 1,800
2023-06-16 RCG Kesslen Jay H 1,000 1.8100 1,000 1.8100 1,810
2023-06-15 RCG Kesslen Jay H 500 1.8200 500 1.8200 910
2023-06-13 RCG Kesslen Jay H 500 1.8200 500 1.8200 910
2022-12-19 RCG Kesslen Jay H 1,000 1.8900 1,000 1.8900 1,890
2022-12-15 RCG Kesslen Jay H 1,000 1.9400 1,000 1.9400 1,940
2022-12-13 RCG Kesslen Jay H 1,000 1.9600 1,000 1.9600 1,960
2022-12-12 RCG Kesslen Jay H 500 2.0100 500 2.0100 1,005
2022-12-07 RCG Kesslen Jay H 500 2.0300 500 2.0300 1,015
2022-11-29 RCG Kesslen Jay H 500 2.0800 500 2.0800 1,040
2022-11-28 RCG Kesslen Jay H 500 2.0600 500 2.0600 1,030
2022-11-21 RCG Kesslen Jay H 1,000 2.1000 1,000 2.1000 2,100
2022-11-16 RCG Kesslen Jay H 1,000 2.1199 1,000 2.1199 2,120
2022-11-15 RCG Kesslen Jay H 1,000 2.0700 1,000 2.0700 2,070
2022-11-14 RCG Kesslen Jay H 833 2.0500 833 2.0500 1,708
2022-11-11 RCG Kesslen Jay H 1,000 2.1600 1,000 2.1600 2,160
2022-11-10 RCG Kesslen Jay H 1,000 2.1100 1,000 2.1100 2,110
2022-05-20 RCG Kesslen Jay H 1,000 2.1300 1,000 2.1300 2,130
2022-05-19 RCG Kesslen Jay H 1,000 2.1400 1,000 2.1400 2,140
2022-05-18 RCG Kesslen Jay H 1,000 2.1400 1,000 2.1400 2,140
2022-05-17 RCG Kesslen Jay H 1,000 2.1500 1,000 2.1500 2,150
2022-05-11 RCG Kesslen Jay H 1,000 2.1900 1,000 2.1900 2,190
2022-05-10 RCG Kesslen Jay H 1,000 2.0500 1,000 2.0500 2,050
2022-02-02 RCG Kesslen Jay H 4,500 1.9800 4,500 1.9800 8,910
2022-01-03 RCG Kesslen Jay H 110 2.7600 110 2.7600 305
2020-10-07 RCG Kesslen Jay H 2,000 1.3300 2,000 1.3300 2,660
2020-09-22 RCG Kesslen Jay H 2,500 1.3200 2,500 1.3200 3,300
2020-07-01 RCG Kesslen Jay H 4,000 1.2900 4,000 1.2900 5,160
2019-02-20 RCG Kesslen Jay H 2,000 1.4700 2,000 1.4700 2,940
2017-12-19 RCG Kesslen Jay H 1,000 1.5600 1,000 1.5600 1,560
2017-12-18 RCG Kesslen Jay H 1,000 1.6000 1,000 1.6000 1,600
2017-12-15 RCG Kesslen Jay H 1,000 1.4700 1,000 1.4700 1,470

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RCG / RENN Fund, Inc. Insider Trades
Insider Sales RCG / RENN Fund, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in RCG / RENN Fund, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RCG / RENN Fund, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Jay H Kesslen as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2025-04-30 2025-04-29 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 500 42,863 1.18 2.51 1,255 107,587
2024-11-26 2024-11-25 4 HKHC Horizon Kinetics Holding Corp
Common Stock 		P - Purchase 75 350 27.27 39.69 2,977 13,892
2024-11-25 2024-11-22 4 HKHC Horizon Kinetics Holding Corp
Common Stock 		P - Purchase 75 275 37.50 39.00 2,925 10,725
2024-11-06 2024-11-05 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 42,363 2.42 2.22 2,220 94,046
2024-10-15 2024-10-14 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 41,363 2.48 2.07 2,070 85,622
2024-08-09 3 SLGDD Horizon Kinetics Holding Corp
Common Stock 		200
2024-02-21 2024-02-20 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 40,363 2.54 1.66 1,660 67,003
2024-01-02 2023-12-29 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 334 39,345 0.86 1.68 561 66,100
2023-08-23 2023-08-22 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 39,011 2.63 1.87 1,870 72,951
2023-06-21 2023-06-20 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 38,011 2.70 1.80 1,800 68,420
2023-06-20 2023-06-16 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 37,011 2.78 1.81 1,810 66,990
2023-06-16 2023-06-15 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 500 36,011 1.41 1.82 910 65,540
2023-06-14 2023-06-13 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 500 35,511 1.43 1.82 910 64,630
2023-06-14 2022-12-30 4 RCG RENN Fund, Inc.
Common Stock 		J - Other 68 35,011 0.19 1.83 124 64,070
2022-12-20 2022-12-19 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 34,943 2.95 1.89 1,890 66,043
2022-12-16 2022-12-15 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 33,943 3.04 1.94 1,940 65,850
2022-12-14 2022-12-13 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 32,943 3.13 1.96 1,960 64,569
2022-12-13 2022-12-12 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 500 31,943 1.59 2.01 1,005 64,206
2022-12-08 2022-12-07 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 500 31,443 1.62 2.03 1,015 63,830
2022-11-30 2022-11-29 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 500 30,943 1.64 2.08 1,040 64,362
2022-11-29 2022-11-28 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 500 30,443 1.67 2.06 1,030 62,714
2022-11-22 2022-11-21 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 29,943 3.46 2.10 2,100 62,881
2022-11-17 2022-11-16 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 28,943 3.58 2.12 2,120 61,357
2022-11-16 2022-11-15 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 27,943 3.71 2.07 2,070 57,843
2022-11-15 2022-11-14 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 833 26,943 3.19 2.05 1,708 55,234
2022-11-14 2022-11-11 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 26,110 3.98 2.16 2,160 56,399
2022-11-14 2022-11-10 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 25,110 4.15 2.11 2,110 52,983
2022-05-23 2022-05-20 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 24,110 4.33 2.13 2,130 51,355
2022-05-20 2022-05-19 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 23,110 4.52 2.14 2,140 49,456
2022-05-19 2022-05-18 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 22,110 4.74 2.14 2,140 47,316
2022-05-18 2022-05-17 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 21,110 4.97 2.15 2,150 45,388
2022-05-12 2022-05-11 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 20,110 5.23 2.19 2,190 44,042
2022-05-11 2022-05-10 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 19,110 5.52 2.05 2,050 39,176
2022-02-03 2022-02-02 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 4,500 18,110 33.06 1.98 8,910 35,859
2022-01-12 2022-01-03 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 110 13,610 0.82 2.76 305 37,565
2021-06-10 3 RCG RENN Fund, Inc.
no shares beneficially owned 		0
2021-06-10 2020-10-07 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 2,000 13,500 17.39 1.33 2,660 17,955
2021-06-10 2020-09-22 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 2,500 11,500 27.78 1.32 3,300 15,180
2021-06-10 2020-07-01 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 4,000 9,000 80.00 1.29 5,160 11,610
2021-06-10 2019-02-20 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 2,000 5,000 66.67 1.47 2,940 7,350
2021-06-10 2017-12-19 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 3,000 50.00 1.56 1,560 4,680
2021-06-10 2017-12-18 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 2,000 100.00 1.60 1,600 3,200
2021-06-10 2017-12-15 4 RCG RENN Fund, Inc.
Common Stock 		P - Purchase 1,000 1,000 1.47 1,470 1,470
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)