RENN Fund (NYSE: RCG) president reports open-market share purchases

Rhea-AI Filing Summary

RENN Fund, Inc. (RCG) reported insider share purchases by its President/Co-Portfolio Manager on a Form 4. On 12/11/2025, the reporting person bought RENN Fund common stock at $2.60 per share in multiple accounts. Transactions included 360 shares acquired directly and 18 shares for a spouse, along with additional purchases through several affiliated entities.

After these trades, beneficial holdings were reported as 132,614 shares held directly, 4,580 shares via a spouse, and indirect positions of 124,068 shares at FROMEX EQUITY CORP, 309,320 shares at FRMO CORP, 10,656 shares at HORIZON COMMON INC., and 62,202 shares at Horizon Kinetics Hard Assets LLC. The reporting person disclaims beneficial ownership of the indirect holdings except to the extent of any 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

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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)
12/11/2025

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	12/11/2025		P		360	A	$2.6	132,614	D
Common Stock	12/11/2025		P		18	A	$2.6	4,580(1)	I	SPOUSE
Common Stock	12/11/2025		P		180	A	$2.6	124,068(1)(2)	I	FROMEX EQUITY CORP
Common Stock	12/11/2025		P		180	A	$2.6	309,320(1)(2)	I	FRMO CORP
Common Stock	12/11/2025		P		296	A	$2.6	344,770(1)(2)	I	HORIZON COMMON INC.
Common Stock	12/11/2025		P		18	A	$2.6	10,656(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	12/11/2025		P		82	A	$2.6	62,202(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 132,614 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	12/12/2025
	** 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).
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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FAQ

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

RENN Fund, Inc. reported that its President/Co-Portfolio Manager filed a Form 4 showing purchases of common stock on 12/11/2025 at $2.60 per share across several accounts, including direct and indirect holdings.

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

Following the reported transactions, the insider holds 132,614 shares of RENN Fund common stock in a direct ownership account.

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

Indirect beneficial holdings reported include 4,580 shares via a spouse, 124,068 shares at FROMEX EQUITY CORP, 309,320 shares at FRMO CORP, 10,656 shares at HORIZON COMMON INC., and 62,202 shares at Horizon Kinetics Hard Assets LLC.

What price did the insider pay for the RENN Fund (RCG) shares?

Each reported purchase of RENN Fund common stock on 12/11/2025 was made at a price of $2.60 per share.

What does the Form 4 say about the insiders beneficial ownership of indirect accounts?

The filing states that, for each indirect account, the insider disclaims beneficial ownership except to the extent of any pecuniary interest.

Is this Form 4 for derivative securities of RENN Fund (RCG)?

No. The filings tables show non-derivative common stock transactions, and the section for derivative securities contains no reported positions.