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  4. [Form 4] RENN Fund, Inc. Insider Trading Activity

RENN Fund (RCG) president and 10% owner reports insider stock buys

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

RENN Fund, Inc. insider Mr. Stahl, who is a director, president, and 10% owner, reported multiple open‑market purchases of common stock on 01/02/2026 at $2.59 per share. He bought 360 shares directly, bringing his direct holdings to 137,654 shares. Additional small purchases were made in several indirect accounts, including a spouse account and entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC, each at the same price and increasing their reported holdings modestly. The filing notes that these indirect figures do not include his directly held 137,654 shares and that he disclaims beneficial ownership in the indirect accounts beyond his pecuniary interest, if any.

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Insider STAHL MURRAY
Role President/Co-Portfolio Manager
Bought 1,134 shs ($3K)
Type Security Shares Price Value
Purchase Common Stock 360 $2.59 $932.40
Purchase Common Stock 18 $2.59 $46.62
Purchase Common Stock 180 $2.59 $466.20
Purchase Common Stock 180 $2.59 $466.20
Purchase Common Stock 296 $2.59 $766.64
Purchase Common Stock 18 $2.59 $46.62
Purchase Common Stock 82 $2.59 $212.38
Holdings After Transaction: Common Stock — 137,654 shares (Direct); Common Stock — 4,832 shares (Indirect, SPOUSE)
Footnotes (1)
  1. This figure does not include 137,654 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)
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)
01/02/2026
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 01/02/2026 P 360 A $2.59 137,654 D
Common Stock 01/02/2026 P 18 A $2.59 4,832(1) I SPOUSE
Common Stock 01/02/2026 P 180 A $2.59 126,588(1)(2) I FROMEX EQUITY CORP
Common Stock 01/02/2026 P 180 A $2.59 311,840(1)(2) I FRMO CORP
Common Stock 01/02/2026 P 296 A $2.59 348,914(1)(2) I HORIZON COMMON INC.
Common Stock 01/02/2026 P 18 A $2.59 10,908(1)(2) I Horizon Kinetics Hard Assets LLC
Common Stock 01/02/2026 P 82 A $2.59 63,350(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 137,654 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 01/05/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did RENN Fund (RCG) disclose in this Form 4?

The report shows Mr. Stahl, a director, president, and 10% owner of RENN Fund, Inc., purchased multiple small blocks of common stock on 01/02/2026 at $2.59 per share, both directly and through several indirect accounts.

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

After the reported transactions, Mr. Stahl directly holds 137,654 shares of RENN Fund, Inc. common stock.

Which indirect accounts are involved in the RENN Fund (RCG) insider holdings?

Indirect holdings are reported in accounts associated with the insider’s spouse, Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.

At what price were the RENN Fund (RCG) shares purchased by the insider?

All reported purchases of RENN Fund, Inc. common stock on 01/02/2026 were made at a price of $2.59 per share.

Does the insider claim full beneficial ownership of all indirect RENN Fund (RCG) shares?

No. The report states that for each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any, and notes that the indirect figures do not include the 137,654 shares he holds directly.

What is the reporting status of the insider in relation to RENN Fund (RCG)?

The reporting person is identified as a director, president/co‑portfolio manager, and a 10% owner of RENN Fund, Inc.