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

Rhea-AI Filing Summary

RENN Fund, Inc. disclosed that a senior insider made several open-market purchases of its common stock on 12/30/2025 at a price of $2.61 per share. The reporting person, identified in the footnotes as Mr. Stahl, is a director, 10% owner, and serves as President/Co-Portfolio Manager.

The transactions included a direct purchase of common stock and additional purchases in accounts held by his spouse and several affiliated entities, with each account’s beneficial holdings reported after the trades. Following these transactions, he reported 136,934 shares held directly, along with separate indirect beneficial ownership positions in those related accounts.

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

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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)
12/30/2025

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	12/30/2025		P		360	A	$2.61	136,934	D
Common Stock	12/30/2025		P		18	A	$2.61	4,796(1)	I	SPOUSE
Common Stock	12/30/2025		P		180	A	$2.61	126,228(1)(2)	I	FROMEX EQUITY CORP
Common Stock	12/30/2025		P		180	A	$2.61	311,480(1)(2)	I	FRMO CORP
Common Stock	12/30/2025		P		296	A	$2.61	348,322(1)(2)	I	HORIZON COMMON INC.
Common Stock	12/30/2025		P		18	A	$2.61	10,872(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	12/30/2025		P		82	A	$2.61	63,186(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 136,934 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	12/31/2025
	** 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).
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FAQ

What insider transaction did RENN Fund (RCG) report in this filing?

The filing reports that Mr. Stahl, a director, 10% owner, and President/Co-Portfolio Manager of RENN Fund, Inc., made multiple open-market purchases of the company’s common stock on 12/30/2025 at a price of $2.61 per share.

What roles does the reporting person hold at RENN Fund (RCG)?

The reporting person is identified as a director, a 10% owner, and an officer of RENN Fund, Inc., with the specific title President/Co-Portfolio Manager.

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

After the reported transactions, the insider disclosed direct beneficial ownership of 136,934 shares of RENN Fund, Inc. common stock.

What indirect holdings of RENN Fund (RCG) stock are reported for the insider?

The filing lists indirect beneficial ownership of RENN Fund, Inc. common stock through the insider’s spouse and several entities, including FROMEX EQUITY CORP, FRMO CORP, HORIZON COMMON INC., and Horizon Kinetics Hard Assets LLC, each with its own reported share amount.

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

All the reported purchases of RENN Fund, Inc. common stock on 12/30/2025 were executed at a price of $2.61 per share.

Is the insider transaction for RENN Fund (RCG) reported as a purchase or sale?

The transactions reported in the filing are coded as P for purchases, indicating acquisitions of RENN Fund, Inc. common stock rather than sales.