Murray Stahl (NYSE: RCG) adds 1,134 RENN Fund shares across accounts

Rhea-AI Filing Summary

RENN Fund, Inc. President and 10% owner Murray Stahl reported open-market purchases of a total of 1,134 shares of common stock on February 25, 2026 at a price of $2.92 per share.

The transactions included 360 shares bought in his direct account and additional shares bought through indirect accounts, including his spouse and several related entities such as Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Following these trades, one direct account held 150,614 shares, and the various indirect accounts held separate reported balances.

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)

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)
02/25/2026

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	02/25/2026		P		360	A	$2.92	150,614	D
Common Stock	02/25/2026		P		18	A	$2.92	5,480(1)	I	Spouse
Common Stock	02/25/2026		P		180	A	$2.92	133,068(1)(2)	I	Fromex Equity Corp.
Common Stock	02/25/2026		P		180	A	$2.92	318,320(1)(2)	I	FRMO Corp.
Common Stock	02/25/2026		P		296	A	$2.92	359,570(1)(2)	I	Horizon Common Inc.
Common Stock	02/25/2026		P		18	A	$2.92	11,556(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	02/25/2026		P		82	A	$2.92	66,302(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 150,614 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	02/26/2026
	** 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

How many RENN Fund (RCG) shares did Murray Stahl buy in this Form 4?

Murray Stahl reported buying a total of 1,134 common shares of RENN Fund, Inc. on February 25, 2026. These were open-market purchases at $2.92 per share, split between his direct holdings and several indirect accounts associated with him and related entities.

What price did Murray Stahl pay per RENN Fund (RCG) share?

All reported purchases were made at $2.92 per share for RENN Fund, Inc. common stock. The Form 4 shows this same transaction price across his direct account and each indirect account, covering spouse and multiple related entities involved in the open-market transactions.

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

After the February 25, 2026 purchase, one direct account for Murray Stahl held 150,614 common shares of RENN Fund, Inc. This direct position is separate from the additional indirect holdings reported through spouse and various affiliated entities on the same Form 4.

Which indirect accounts related to Murray Stahl bought RENN Fund (RCG) shares?

Indirect purchases were attributed to accounts labeled Spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC, each shown with its own share amount and post-transaction balance.

Were the RENN Fund (RCG) transactions by Murray Stahl on this Form 4 buys or sells?

Every transaction reported was a purchase. The Form 4 lists code “P” for each entry, described as an open-market or private transaction purchase, resulting in a net buy of 1,134 RENN Fund, Inc. common shares across direct and indirect accounts.