RENN Fund executive adds RCG shares in open market

RENN Fund, Inc. president, co-portfolio manager, and 10% owner Murray Stahl reported open-market purchases of the fund’s common stock on February 12, 2026 at $2.73 per share.

Rhea-AI Filing Summary

RENN Fund, Inc. president, co-portfolio manager, and 10% owner Murray Stahl reported open-market purchases of the fund’s common stock on February 12, 2026 at $2.73 per share. He bought 360 shares directly and additional small amounts through his spouse and entities including Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. He disclaims beneficial ownership of the indirect holdings except to the extent of his pecuniary interest.

Insider Trade Summary

Net Buyer: 1,134 shares

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	$2.73	$982.80
Purchase	Common Stock	18	$2.73	$49.14
Purchase	Common Stock	180	$2.73	$491.40
Purchase	Common Stock	180	$2.73	$491.40
Purchase	Common Stock	296	$2.73	$808.08
Purchase	Common Stock	18	$2.73	$49.14
Purchase	Common Stock	82	$2.73	$223.86

Holdings After Transaction: Common Stock — 147,734 shares (Direct); Common Stock — 5,336 shares (Indirect, Spouse); Common Stock — 131,628 shares (Indirect, Fromex Equity Corp.); Common Stock — 316,880 shares (Indirect, FRMO Corp.); Common Stock — 357,202 shares (Indirect, Horizon Common Inc.); Common Stock — 11,412 shares (Indirect, Horizon Kinetics Hard Assets LLC); Common Stock — 65,646 shares (Indirect, Horizon Kinetics Asset Management LLC)

Footnotes (2)

1. F1. This figure does not include 147,734 shares held directly by Mr. Stahl.
2. F2. For each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did RENN Fund (RCG) report on this Form 4?

The filing reports open-market purchases of RENN Fund common stock on February 12, 2026 at $2.73 per share. Shares were bought directly by Murray Stahl and through several related accounts, including his spouse and multiple affiliated entities.

How many RENN Fund (RCG) shares did Murray Stahl buy directly?

Murray Stahl purchased 360 shares of RENN Fund common stock directly at $2.73 per share. This direct holding totaled 147,734 shares following the transaction, separate from various indirect accounts reported in the same Form 4 filing.

Which indirect accounts bought RENN Fund (RCG) shares in this filing?

Indirect purchases were reported for accounts tied to Stahl’s spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Each account acquired small amounts of RENN Fund common stock at $2.73 per share.

What is Murray Stahl’s role and status at RENN Fund (RCG)?

Murray Stahl is identified as president, co-portfolio manager, and a 10% owner of RENN Fund, Inc. This combination of executive role and significant ownership makes his reported open-market stock transactions relevant for tracking insider activity.

What beneficial ownership disclaimer is included in this RENN Fund (RCG) Form 4?

The Form 4 states that the reported figure for each indirect account excludes 147,734 shares held directly and that Stahl disclaims beneficial ownership of indirect holdings except to the extent of his pecuniary interest, clarifying how much of those positions he economically benefits from.

At what price were the RENN Fund (RCG) insider purchases made?

All reported insider purchases of RENN Fund common stock were executed at $2.73 per share on February 12, 2026. This single price applies to both the direct 360-share purchase and the additional small acquisitions in various indirect accounts.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/13/2026 - 11:02 AM Learn about SEC filing dates

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)
02/12/2026

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	02/12/2026		P		360	A	$2.73	147,734	D
Common Stock	02/12/2026		P		18	A	$2.73	5,336(1)	I	Spouse
Common Stock	02/12/2026		P		180	A	$2.73	131,628(1)(2)	I	Fromex Equity Corp.
Common Stock	02/12/2026		P		180	A	$2.73	316,880(1)(2)	I	FRMO Corp.
Common Stock	02/12/2026		P		296	A	$2.73	357,202(1)(2)	I	Horizon Common Inc.
Common Stock	02/12/2026		P		18	A	$2.73	11,412(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	02/12/2026		P		82	A	$2.73	65,646(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 147,734 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	02/13/2026
	** 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.
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