RENN Fund (NYSE: RCG) president adds 1,134 shares in open-market buys

Rhea-AI Filing Summary

RENN Fund, Inc. insider Murray Stahl, President/Co-Portfolio Manager and a 10% owner, reported open-market purchases of 1,134 shares of Common Stock at $3.18 per share on March 18, 2026. The trades include 360 shares held directly and additional small purchases through accounts associated with his spouse and several related entities. Footnotes state he disclaims beneficial ownership in the indirect accounts except to the extent of his pecuniary interest.

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

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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 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)
03/18/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/18/2026		P		360	A	$3.18	156,014	D
Common Stock	03/18/2026		P		18	A	$3.18	5,750(1)	I	Spouse
Common Stock	03/18/2026		P		180	A	$3.18	135,768(1)(2)	I	Fromex Equity Corp.
Common Stock	03/18/2026		P		180	A	$3.18	321,020(1)(2)	I	FRMO Corp.
Common Stock	03/18/2026		P		296	A	$3.18	364,010(1)(2)	I	Horizon Common Inc.
Common Stock	03/18/2026		P		18	A	$3.18	11,826(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	03/18/2026		P		82	A	$3.18	67,532(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This figure does not include 156,014 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	03/19/2026
	** 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)

FAQ

What did Murray Stahl buy in the latest RENN Fund (RCG) Form 4 filing?

Murray Stahl reported buying 1,134 shares of RENN Fund, Inc. Common Stock. All trades were open-market purchases at a price of $3.18 per share on March 18, 2026, reflecting incremental additions rather than a large, concentrated transaction.

How many RENN Fund (RCG) shares did Murray Stahl purchase directly versus indirectly?

Stahl bought 360 RENN Fund shares directly in his own name. The remaining shares were acquired through indirect accounts, including those associated with his spouse and several entities, where he disclaims beneficial ownership except for any pecuniary interest described in the filing footnotes.

At what price were Murray Stahl’s RENN Fund (RCG) shares purchased?

All reported purchases were executed at $3.18 per share. Each of the seven transactions in the Form 4 shows the same per-share price, indicating they occurred at a consistent market level on March 18, 2026 rather than across a wide price range.

What is Murray Stahl’s role at RENN Fund (RCG) in this Form 4?

The filing identifies Murray Stahl as an officer of RENN Fund, serving as President/Co-Portfolio Manager and also as a ten percent owner. This combination signals both executive responsibility and a significant ownership stake, which is why his trading activity must be disclosed.

How does the Form 4 describe Murray Stahl’s indirect ownership in RENN Fund (RCG)?

Indirect holdings are reported through accounts labeled for his spouse and several entities, such as Fromex Equity Corp. and Horizon-related entities. A footnote states Stahl disclaims beneficial ownership in these indirect accounts except to the extent of his pecuniary interest, if any.

Were there any RENN Fund (RCG) share sales reported by Murray Stahl in this Form 4?

No share sales were reported. The transaction summary shows seven open-market purchases totaling 1,134 shares and zero sales, gifts, or derivative exercises, indicating only net buying activity for the period covered by this Form 4 filing.