RENN Fund (RCG) 10% owner and officer discloses new stock buys

Rhea-AI Filing Summary

RENN Fund, Inc. insider Mr. Stahl, who serves as President/Co-Portfolio Manager and is a 10% owner, reported multiple open-market purchases of the company’s common stock on 01/05/2026. Each transaction was coded “P” for a purchase.

He bought 360 shares directly at $2.64 per share, bringing his directly held stake to 138,014 shares. Additional purchases at the same price were made in several indirect accounts, including 18 shares in a spouse account and blocks of 180, 180, 296, 18, and 82 shares through entities such as FROMEX EQUITY CORP, FRMO CORP, HORIZON COMMON INC., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.

Following these trades, the form reports updated indirect beneficial holdings in each account, while noting that Mr. Stahl 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

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)

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)
01/05/2026

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	01/05/2026		P		360	A	$2.64	138,014	D
Common Stock	01/05/2026		P		18	A	$2.64	4,850(1)	I	SPOUSE
Common Stock	01/05/2026		P		180	A	$2.64	126,768(1)(2)	I	FROMEX EQUITY CORP
Common Stock	01/05/2026		P		180	A	$2.64	312,020(1)(2)	I	FRMO CORP
Common Stock	01/05/2026		P		296	A	$2.64	349,210(1)(2)	I	HORIZON COMMON INC.
Common Stock	01/05/2026		P		18	A	$2.64	10,926(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	01/05/2026		P		82	A	$2.64	63,432(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 138,014 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	01/06/2026
	** 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.

FAQ

What did the RENN Fund (RCG) insider report in this Form 4 filing?

The filing reports that Mr. Stahl, an insider of RENN Fund, Inc., purchased multiple lots of the company’s common stock on 01/05/2026, including both directly held shares and shares held through various indirect accounts.

At what price were the RENN Fund (RCG) shares purchased in this insider transaction?

All reported purchases of RENN Fund, Inc. common stock on 01/05/2026 were made at a price of $2.64 per share.

How many RENN Fund (RCG) shares does Mr. Stahl now hold directly?

After the reported 360-share direct purchase at $2.64 per share, Mr. Stahl is shown as directly owning 138,014 shares of RENN Fund, Inc. common stock.

What indirect holdings of RENN Fund (RCG) stock are reported for Mr. Stahl?

The form lists indirect holdings through a spouse account and entities including FROMEX EQUITY CORP, FRMO CORP, HORIZON COMMON INC., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC, each with its own share balance after the purchases.

Does Mr. Stahl claim full beneficial ownership of the indirect RENN Fund (RCG) accounts?

No. The filing states that for each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

What is Mr. Stahl’s role and relationship to RENN Fund, Inc. (RCG)?

Mr. Stahl is identified as an officer of RENN Fund, Inc., with the title President/Co-Portfolio Manager, and is also marked as a 10% owner.

Was this RENN Fund (RCG) insider transaction filed by one or multiple reporting persons?

The form indicates that it was filed by one reporting person, rather than a group of filers.