Murray Stahl buys 1,134 RENN Fund shares at $2.88

RENN Fund, Inc. President and 10% owner Murray Stahl reported open-market purchases of 1,134 shares of common stock at $2.88 per share on March 2, 2026.

Rhea-AI Filing Summary

RENN Fund, Inc. President and 10% owner Murray Stahl reported open-market purchases of 1,134 shares of common stock at $2.88 per share on March 2, 2026. The transactions include 360 shares bought in his direct account and additional shares acquired through indirect holdings.

The indirect purchases were made in accounts held by his spouse and entities such as Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Stahl disclaims beneficial ownership in these indirect accounts except to the extent of any 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	$2.88	$1K
Purchase	Common Stock	18	$2.88	$51.84
Purchase	Common Stock	180	$2.88	$518.40
Purchase	Common Stock	180	$2.88	$518.40
Purchase	Common Stock	296	$2.88	$852.48
Purchase	Common Stock	18	$2.88	$51.84
Purchase	Common Stock	82	$2.88	$236.16

Holdings After Transaction: Common Stock — 151,694 shares (Direct); Common Stock — 5,534 shares (Indirect, Spouse); Common Stock — 133,608 shares (Indirect, Fromex Equity Corp.); Common Stock — 318,860 shares (Indirect, FRMO Corp.); Common Stock — 360,458 shares (Indirect, Horizon Common Inc.); Common Stock — 11,610 shares (Indirect, Horizon Kinetics Hard Assets LLC); Common Stock — 66,548 shares (Indirect, Horizon Kinetics Asset Management LLC)

Footnotes (2)

1. F1. This figure does not include 151,694 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 transactions did RENN Fund (RCG) report for Murray Stahl?

Murray Stahl reported buying 1,134 shares of RENN Fund common stock at $2.88 per share on March 2, 2026. Purchases were split between his direct holdings and several indirect accounts tied to family and affiliated entities.

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

Murray Stahl bought 360 shares of RENN Fund common stock directly at $2.88 per share. After this transaction, his direct holdings increased to 151,694 shares, reflecting his personal position separate from any indirect or affiliated accounts.

Which indirect accounts bought RENN Fund (RCG) shares in this Form 4?

Indirect purchases involved accounts labeled as Spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. These entities collectively acquired shares at $2.88 per share on the reported transaction date.

What beneficial ownership disclaimer did Murray Stahl make regarding RENN Fund (RCG)?

Murray Stahl disclaimed beneficial ownership of RENN Fund shares held in indirect accounts, except for any pecuniary interest. This means economic exposure may exist, but he does not fully claim ownership of those indirectly held shares beyond his financial stake, if any.

How many RENN Fund (RCG) shares are in Murray Stahl’s direct account after the purchases?

Following the reported open-market purchase, Murray Stahl’s direct account holds 151,694 RENN Fund common shares. This figure excludes shares held by his spouse and various affiliated entities that are reported as indirect holdings in the Form 4.

What was the purchase price in Murray Stahl’s RENN Fund (RCG) transactions?

All reported transactions were executed at $2.88 per share of RENN Fund common stock. This single price applied across Stahl’s direct purchase and the indirect purchases by his spouse and affiliated entities on March 2, 2026.

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

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Accepted by SEC EDGAR 03/03/2026 - 03:01 PM 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)
03/02/2026

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	03/02/2026		P		360	A	$2.88	151,694	D
Common Stock	03/02/2026		P		18	A	$2.88	5,534(1)	I	Spouse
Common Stock	03/02/2026		P		180	A	$2.88	133,608(1)(2)	I	Fromex Equity Corp.
Common Stock	03/02/2026		P		180	A	$2.88	318,860(1)(2)	I	FRMO Corp.
Common Stock	03/02/2026		P		296	A	$2.88	360,458(1)(2)	I	Horizon Common Inc.
Common Stock	03/02/2026		P		18	A	$2.88	11,610(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	03/02/2026		P		82	A	$2.88	66,548(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 151,694 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	03/03/2026
	** 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.