RENN Fund (RCG) president reports insider share purchases at $2.65 on 12/17/2025

Rhea-AI Filing Summary

RENN Fund, Inc. (RCG) insider Mr. Stahl, the company’s President, Co-Portfolio Manager, and director, reported buying common stock on 12/17/2025 at $2.65 per share.

He bought 360 shares directly and additional small amounts through several indirect accounts, including 18 shares via his spouse and 180 shares each through FROMEX EQUITY CORP and FRMO CORP. Following these transactions, he held 134,054 shares directly and reported indirect holdings such as 4,652 shares through his spouse and 124,788 shares through FROMEX EQUITY CORP. For each indirect account, he disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

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

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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)

470 PARK AVENUE SOUTH

4TH FLOOR SOUTH

(Street)

NEW YORK NY 10016

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/17/2025

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

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

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

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	12/17/2025		P		360	A	$2.65	134,054	D
Common Stock	12/17/2025		P		18	A	$2.65	4,652(1)	I	SPOUSE
Common Stock	12/17/2025		P		180	A	$2.65	124,788(1)(2)	I	FROMEX EQUITY CORP
Common Stock	12/17/2025		P		180	A	$2.65	310,040(1)(2)	I	FRMO CORP
Common Stock	12/17/2025		P		296	A	$2.65	345,954(1)(2)	I	HORIZON COMMON INC.
Common Stock	12/17/2025		P		18	A	$2.65	10,728(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	12/17/2025		P		82	A	$2.65	62,530(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 134,054 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	12/18/2025
	** 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.
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FAQ

What insider transactions did RENN Fund (RCG) report on 12/17/2025?

The report shows Mr. Stahl bought RENN Fund common stock on 12/17/2025 at $2.65 per share, including 360 shares directly and several small purchases through indirect accounts such as his spouse and affiliated entities.

Who is the reporting person in this RENN Fund (RCG) insider filing?

The reporting person is Mr. Stahl, who serves as a director and as an officer with the title President/Co-Portfolio Manager of RENN Fund, Inc.

At what price were the RENN Fund (RCG) shares purchased in this Form 4?

All of the reported purchases of RENN Fund common stock on 12/17/2025 were made at a price of $2.65 per share.

How many RENN Fund (RCG) shares does Mr. Stahl hold directly after the transaction?

After the reported transactions, Mr. Stahl directly held 134,054 shares of RENN Fund, Inc. common stock.

Does Mr. Stahl report any indirect ownership of RENN Fund (RCG) shares?

Yes. He reports indirect holdings including 4,652 shares through his spouse and 124,788 shares through FROMEX EQUITY CORP, among other entities, while disclaiming beneficial ownership of these indirect accounts except to the extent of his pecuniary interest, if any.

Were any derivative securities reported in this RENN Fund (RCG) insider filing?

No derivative securities transactions were listed; the filing’s activity relates only to common stock in Table I, and Table II for derivatives contains no entries.