RENN Fund (RCG) director and president report multiple $2.60 share buys

Rhea-AI Filing Summary

RENN Fund, Inc. reported insider share purchases by a director and officer on December 3, 2025. The reporting person bought RENN Fund common stock in several open‑market transactions at $2.60 per share, including 360 shares held directly and additional small lots through a spouse and multiple affiliated entities.

Following these transactions, the person directly held 130,454 shares of common stock. Indirect holdings included 4,472 shares through a spouse and larger positions such as 122,988 shares via Fromex Equity Corp and 308,240 shares via FRMO Corp, among other accounts, with beneficial ownership disclaimed except for any 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

OMB APPROVAL

OMB Number:			3235-0287
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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)
12/03/2025

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	12/03/2025		P		360	A	$2.6	130,454	D
Common Stock	12/03/2025		P		18	A	$2.6	4,472(1)	I	SPOUSE
Common Stock	12/03/2025		P		180	A	$2.6	122,988(1)(2)	I	FROMEX EQUITY CORP
Common Stock	12/03/2025		P		180	A	$2.6	308,240(1)(2)	I	FRMO CORP
Common Stock	12/03/2025		P		296	A	$2.6	342,994(1)(2)	I	HORIZON COMMON INC.
Common Stock	12/03/2025		P		18	A	$2.6	10,548(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	12/03/2025		P		82	A	$2.6	61,710(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 130,454 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	12/04/2025
	** 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 transaction did RENN Fund (RCG) report in this filing?

A director and officer of RENN Fund, Inc. reported multiple purchases of common stock on December 3, 2025 at a price of $2.60 per share.

How many RENN Fund (RCG) shares does the insider now hold directly?

After the reported transactions, the insider directly owned 130,454 shares of RENN Fund common stock.

What indirect RENN Fund (RCG) holdings are associated with the reporting person?

Indirect positions included 4,472 shares through a spouse, 122,988 shares via Fromex Equity Corp, 308,240 shares via FRMO Corp, 342,994 shares via Horizon Common Inc., 10,548 shares via Horizon Kinetics Hard Assets LLC, and 61,710 shares via Horizon Kinetics Asset Management LLC, with beneficial ownership disclaimed except for any pecuniary interest.

What is the relationship of the reporting person to RENN Fund (RCG)?

The reporting person is a director and officer of RENN Fund, serving as President/Co‑Portfolio Manager.

Were the reported RENN Fund (RCG) trades purchases or sales?

All reported transactions were coded as “P”, indicating purchases of RENN Fund common stock.

Does the insider fully acknowledge beneficial ownership of all indirect RENN Fund (RCG) accounts?

For each indirect account, the insider disclaims beneficial ownership except to the extent of any pecuniary interest.