Murray Stahl adds RENN Fund (RCG) shares across direct and indirect accounts

Rhea-AI Filing Summary

RENN Fund, Inc. insider activity: President, Co-Portfolio Manager and 10% owner Murray Stahl reported several open-market purchases of RENN Fund common stock on February 2, 2026 at $2.75 per share.

He bought 360 shares directly, bringing his directly held position to 144,854 shares. Additional purchases were reported indirectly: 18 shares via a spouse account, and 180, 180, 296, 18, and 82 shares through Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC, respectively. The filing notes that, for each indirect account, Stahl disclaims beneficial ownership except to the extent of any pecuniary interest.

Insider Trade Summary

Net Buyer: 1,134 shares ($3,119)

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	$2.75	$990.00
Purchase	Common Stock	18	$2.75	$49.50
Purchase	Common Stock	180	$2.75	$495.00
Purchase	Common Stock	180	$2.75	$495.00
Purchase	Common Stock	296	$2.75	$814.00
Purchase	Common Stock	18	$2.75	$49.50
Purchase	Common Stock	82	$2.75	$225.50

Holdings After Transaction: Common Stock — 144,854 shares (Direct); Common Stock — 5,192 shares (Indirect, Spouse)

Footnotes (1)

1. This figure does not include 144,854 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.

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)

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)
02/02/2026

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	02/02/2026		P		360	A	$2.75	144,854	D
Common Stock	02/02/2026		P		18	A	$2.75	5,192(1)	I	Spouse
Common Stock	02/02/2026		P		180	A	$2.75	130,188(1)(2)	I	Fromex Equity Corp.
Common Stock	02/02/2026		P		180	A	$2.75	315,440(1)(2)	I	FRMO Corp.
Common Stock	02/02/2026		P		296	A	$2.75	354,834(1)(2)	I	Horizon Common Inc.
Common Stock	02/02/2026		P		18	A	$2.75	11,268(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	02/02/2026		P		82	A	$2.75	64,990(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 144,854 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	02/03/2026
	** 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.

FAQ

What insider transaction did Murray Stahl report for RENN Fund (RCG)?

Murray Stahl reported multiple purchases of RENN Fund common stock on February 2, 2026. He acquired 360 shares directly and smaller blocks through spouse and affiliated entities, all at $2.75 per share, reflecting increased reported holdings across direct and indirect accounts.

At what price were the RENN Fund (RCG) shares bought in this Form 4?

All reported RENN Fund common stock purchases were made at $2.75 per share. This price applies to the direct 360-share buy and each indirect transaction through the spouse account and affiliated entities listed in the filing for February 2, 2026.

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

After the reported transaction, Murray Stahl directly holds 144,854 shares of RENN Fund common stock. A footnote clarifies that this direct position is separate from the various indirect accounts for which he reports holdings but disclaims beneficial ownership beyond any pecuniary interest.

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

Indirect purchases were reported for a spouse account and entities including 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 accounts except to the extent of any pecuniary interest.

What were the post-transaction indirect RENN Fund (RCG) share balances?

Post-transaction balances include 5,192 shares in the spouse account, 130,188 at Fromex Equity Corp., 315,440 at FRMO Corp., 354,834 at Horizon Common Inc., 11,268 at Horizon Kinetics Hard Assets LLC, and 64,990 at Horizon Kinetics Asset Management LLC, as reported in the Form 4.

What roles does Murray Stahl hold at RENN Fund (RCG) according to this filing?

Murray Stahl is identified as an officer and 10% owner of RENN Fund, Inc. In the filing, his officer title is listed as President/Co-Portfolio Manager, indicating both executive responsibility and significant ownership in the closed-end fund.