Murray Stahl adds RENN Fund (RCG) shares via direct and indirect buys

Rhea-AI Filing Summary

RENN Fund, Inc. President and 10% owner Murray Stahl reported multiple open-market purchases of the company’s common stock. On March 6, 2026, he bought 360 shares at $2.93 per share held directly, bringing his direct holdings to 153,134 shares.

Additional purchases at $2.93 involved indirect accounts including his spouse and entities such as Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Footnotes state that Stahl disclaims beneficial ownership of these indirect holdings except to the extent of any pecuniary interest.

Insider Trade Summary

Net Buyer: 1,134 shares ($3,323)

Net Buy 7 txns

Insider STAHL MURRAY

Role President/Co-Portfolio Manager

Bought 1,134 shs ($3K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	360	$2.93	$1K
Purchase	Common Stock	18	$2.93	$52.74
Purchase	Common Stock	180	$2.93	$527.40
Purchase	Common Stock	180	$2.93	$527.40
Purchase	Common Stock	296	$2.93	$867.28
Purchase	Common Stock	18	$2.93	$52.74
Purchase	Common Stock	82	$2.93	$240.26

Holdings After Transaction: Common Stock — 153,134 shares (Direct); Common Stock — 5,606 shares (Indirect, Spouse)

Footnotes (1)

1. This figure does not include 153,134 shares held directly by Mr. Stahl. For each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

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Form 4 Insider Transactions: What Each Field Means →

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)

C/O HORIZON KINETICS LLC

470 PARK AVE S 8TH FL S

(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)
03/06/2026

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	03/06/2026		P		360	A	$2.93	153,134	D
Common Stock	03/06/2026		P		18	A	$2.93	5,606(1)	I	Spouse
Common Stock	03/06/2026		P		180	A	$2.93	134,328(1)(2)	I	Fromex Equity Corp.
Common Stock	03/06/2026		P		180	A	$2.93	319,580(1)(2)	I	FRMO Corp.
Common Stock	03/06/2026		P		296	A	$2.93	361,642(1)(2)	I	Horizon Common Inc.
Common Stock	03/06/2026		P		18	A	$2.93	11,682(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	03/06/2026		P		82	A	$2.93	66,876(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 153,134 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	03/09/2026
	** 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 insider transactions did Murray Stahl report for RENN Fund (RCG)?

Murray Stahl reported several open-market purchases of RENN Fund common stock on March 6, 2026. These included 360 shares held directly and multiple smaller purchases through spouse and affiliated entities, all at $2.93 per share, increasing both direct and indirect positions.

At what price did Murray Stahl buy RENN Fund (RCG) shares?

All reported RENN Fund purchases were executed at $2.93 per share. The transactions covered both directly held shares and shares held through spouse and various affiliated entities, reflecting consistent pricing across seven separate open-market trades on March 6, 2026.

How many RENN Fund (RCG) shares does Murray Stahl hold directly after these trades?

After the March 6, 2026 purchase, Murray Stahl directly holds 153,134 RENN Fund common shares. This figure relates only to his direct ownership account and is separate from shares reported as indirectly owned through spouse and affiliated entities.

Which entities are associated with Murray Stahl’s indirect RENN Fund (RCG) holdings?

Indirect RENN Fund holdings are associated with Stahl’s spouse and entities including Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. The filing links specific open-market purchases at $2.93 to these indirect ownership accounts.

Does Murray Stahl claim full beneficial ownership of all reported RENN Fund (RCG) shares?

No. A footnote states Stahl disclaims beneficial ownership of each indirect account except to the extent of his pecuniary interest, if any. Directly held shares are separate, while spouse and affiliated-entity holdings are reported with this ownership disclaimer.

How many RENN Fund (RCG) insider purchase transactions were reported?

Seven open-market purchase transactions were reported for RENN Fund common stock on March 6, 2026. Each transaction involves a specific account—either direct, spouse, or an affiliated entity—and all were executed at the same $2.93 per share price.