RENN Fund ord SEC Filings

RENN Fund, Inc. has filed a Preliminary Proxy Statement (Schedule 14A) for its 2025 Annual Meeting of Shareholders, set for 2:00 PM EST on Thursday, 18 September 2025 at Horizon Kinetics Asset Management’s New York offices with a simultaneous live webcast. The record date is 22 July 2025.

Shareholders will vote on six routine matters:

• Election of five directors—Douglas J. Cohen, Russell Cleveland, Alice C. Brennan, Anita L. Allen and Melinda J. Newman—each for a one-year term.
• Ratification of Tait, Weller & Baker LLP as independent auditor for the fiscal year ending 31 December 2025.

Proxies solicited by the Board default to “FOR” each proposal when no specification is made. Voting options include telephone, Internet, mail or live participation during the hybrid meeting. Shareholders may revoke proxies at any time before or during the meeting. Horizon Kinetics Asset Management LLC will bear all solicitation costs, and no SEC filing fee is required.

The filing contains no financial performance data, compensation changes or strategic transaction items; it is limited to standard governance actions unlikely to materially affect the fund’s investment thesis.

RENN Fund (NYSE: RCG) filed a routine Form 4 reporting modest open-market purchases by President, Director and 10% owner Murray Stahl on 06/25/2025. The filing lists seven separate transactions totaling 1,108 common shares at a uniform price of $2.60 per share. Following these trades, Stahl’s direct holding stands at 90,322 shares, with additional indirect stakes held through family and affiliated entities such as Fromex Equity Corp, FRMO Corp and Horizon Kinetics–related accounts. No shares were sold and no derivative securities were involved. The reported dollar value (about $2,900) is small relative to Stahl’s existing ownership, and the filing contains no new risk factors, legal matters or strategic disclosures.

Form 4 filing overview – RENN Fund, Inc. (RCG)

President and 10% owner Murray Stahl reported a series of open-market purchases on 24 June 2025 at a uniform price of $2.59 per share. Seven individual transactions were disclosed, totalling 1,108 common shares and an aggregate consideration of roughly $2.9 thousand.

Post-transaction ownership

• Direct holdings: 89,966 shares
• Indirect holdings across six affiliated entities & spouse: 763,616 shares
• Total reported beneficial ownership: ≈ 853,582 shares

The filing states that Mr. Stahl "disclaims beneficial ownership except to the extent of his pecuniary interest" in the indirect accounts, clarifying that control or economic exposure may be less than the headline totals.

Although the purchase size is modest relative to existing ownership, continuing accumulation by the fund’s president signals sustained confidence and further aligns management’s incentives with outside shareholders. No derivative transactions, sales, or 10b5-1 plan notations were reported, and there were no amendments to previous filings.

RENN Fund (NYSE:RCG) filed a routine Form 4 disclosing small open-market purchases by President, Director and 10% owner Murray Stahl on 06/23/2025.

The insider acquired a total of 1,112 common shares at an average price of $2.66, spread across his direct account (356 shares) and six affiliated or spousal accounts (756 shares). After the transactions, Stahl’s combined direct and indirect beneficial ownership stands at roughly 862,474 shares. No shares were sold and no derivative securities were involved.

The ~$3,000 purchase value represents less than 1% of his existing position and does not materially alter the company’s ownership structure or financial outlook.

Insider activity overview: On 20 June 2025, Murray Stahl—President, 10% owner and Co-Portfolio Manager of RENN Fund, Inc. (RCG)—filed a Form 4 reporting open-market purchases of the fund’s common stock at a uniform price of $2.66 per share.

Transaction details

• Direct account: 356 shares acquired; new direct holding 89,254 shares.
• Spouse account: 18 shares acquired; holding now 2,402 shares (indirect).
• Fromex Equity Corp: 180 shares acquired; holding now 102,288 shares (indirect).
• FRMO Corp: 180 shares acquired; holding now 287,540 shares (indirect).
• Horizon Common Inc.: 274 shares acquired; holding now 309,136 shares (indirect).
• Horizon Kinetics Hard Assets LLC: 18 shares acquired; holding now 8,478 shares (indirect).
• Horizon Kinetics Asset Management LLC: 82 shares acquired; holding now 52,264 shares (indirect).

Total shares purchased across all accounts: 1,108; aggregate reported holdings after the transactions: ≈851,362 shares. Mr. Stahl disclaims beneficial ownership of indirect holdings beyond his pecuniary interest.

Key takeaways for investors: Although the dollar amount is modest (≈$2.9 k), continued insider buying by a control shareholder can signal confidence and aligns management’s interests with shareholders. No sales or derivative activity were reported, and no Rule 10b5-1 trading plan was indicated.

Form 4 overview – RENN Fund, Inc. (RCG)

President, Co-Portfolio Manager and 10% owner Murray Stahl reported a series of open-market purchases on 18 Jun 2025 at a uniform price of $2.65 per share. The filing covers both direct and multiple indirect accounts.

• Direct account: 356 shares purchased; new direct holding 88,898 shares.
• Indirect – Spouse: 18 shares; new balance 2,384 shares.
• Indirect – FROMEX Equity Corp: 180 shares; new balance 102,108 shares.
• Indirect – FRMO Corp: 180 shares; new balance 287,360 shares.
• Indirect – Horizon Common Inc.: 274 shares; new balance 308,862 shares.
• Indirect – Horizon Kinetics Hard Assets LLC: 18 shares; new balance 8,460 shares.
• Indirect – Horizon Kinetics Asset Management LLC: 82 shares; new balance 52,182 shares.

The total transaction involved 1,108 shares, increasing Stahl’s aggregated beneficial ownership across all reported accounts. The filing states that he disclaims beneficial ownership in the indirect accounts except for his pecuniary interest.

No derivative securities were reported. The purchase size is modest relative to both Stahl’s existing stake and RENN Fund’s public float, indicating minimal immediate impact on ownership structure but providing a positive, if incremental, insider-confidence signal for investors monitoring insider activity.