Insider Murray Stahl buys 1,134 RENN Fund (RCG) shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

RENN Fund, Inc. President and 10% owner Murray Stahl reported open-market purchases totaling 1,134 shares of common stock at $3.29 per share. The filing shows 360 shares bought in his direct account, with additional purchases through indirect accounts held by his spouse and entities including Fromex Equity Corp., FRMO Corp., Horizon Common Inc., and Horizon Kinetics affiliates. A footnote states Mr. Stahl also holds 158,174 shares directly, and that he disclaims beneficial ownership of the indirect accounts except to the extent of any pecuniary interest.

Insider Trade Summary

Net Buyer: 1,134 shares ($3,731)

Net Buy 7 txns

Insider STAHL MURRAY

Role President/Co-Portfolio Manager

Bought 1,134 shs ($4K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	360	$3.29	$1K
Purchase	Common Stock	18	$3.29	$59.22
Purchase	Common Stock	180	$3.29	$592.20
Purchase	Common Stock	180	$3.29	$592.20
Purchase	Common Stock	296	$3.29	$973.84
Purchase	Common Stock	18	$3.29	$59.22
Purchase	Common Stock	82	$3.29	$269.78

Holdings After Transaction: Common Stock — 158,174 shares (Direct); Common Stock — 5,858 shares (Indirect, Spouse)

Footnotes (1)

This figure does not include 158,174 shares held directly by Mr. Stahl. For each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

Form 4 Insider Transactions: What Each Field Means →

03/27/2026 - 12:16 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

STAHL MURRAY

(Last)

(First)

(Middle)

C/O HORIZON KINETICS LLC

470 PARK AVE S 8TH FL S

(Street)

NEW YORK

10016

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
RENN Fund, Inc. [ RCG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President/Co-Portfolio Manager

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/26/2026		P		360	A	$3.29	158,174	D
Common Stock	03/26/2026		P		18	A	$3.29	5,858⁽¹⁾	I	Spouse
Common Stock	03/26/2026		P		180	A	$3.29	136,848⁽¹⁾⁽²⁾	I	Fromex Equity Corp.
Common Stock	03/26/2026		P		180	A	$3.29	322,100⁽¹⁾⁽²⁾	I	FRMO Corp.
Common Stock	03/26/2026		P		296	A	$3.29	365,786⁽¹⁾⁽²⁾	I	Horizon Common Inc.
Common Stock	03/26/2026		P		18	A	$3.29	11,934⁽¹⁾⁽²⁾	I	Horizon Kinetics Hard Assets LLC
Common Stock	03/26/2026		P		82	A	$3.29	68,024⁽¹⁾⁽²⁾	I	Horizon Kinetics Asset Management LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This figure does not include 158,174 shares held directly by Mr. Stahl.

2. For each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

	/s/ Jay Kesslen, attorney-in-fact	03/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did RENN Fund (RCG) report for Murray Stahl?

Murray Stahl reported open-market purchases totaling 1,134 RENN Fund common shares at $3.29 per share. The trades include both his direct account and several indirect accounts linked to his spouse and affiliated entities.

How many RENN Fund shares does Murray Stahl hold directly after these trades?

The filing states Murray Stahl holds 158,174 RENN Fund common shares directly. This direct position is separate from the indirect accounts, where he disclaims beneficial ownership except for any pecuniary interest he may have.

Which indirect entities bought RENN Fund (RCG) shares in this Form 4?

Indirect purchases were made through accounts labeled Spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC, all acquiring small blocks of RENN Fund common stock at $3.29 per share.

Does Murray Stahl fully own the indirect RENN Fund holdings reported?

The filing explains that for each indirect account, Murray Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any. This means his economic interest in those indirect holdings may be limited or shared with other parties.

Are these RENN Fund (RCG) insider trades open-market purchases?

Yes. Each transaction is coded as “P,” described as a purchase in an open-market or private transaction. All seven reported trades involve non-derivative common stock acquired at a price of $3.29 per share on the same transaction date.