Murray Stahl adds 1,134 RENN Fund (RCG) shares in open-market buys

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 at $2.90 per share on March 3, 2026. The filing shows 360 shares bought in his direct account and additional shares purchased through his spouse and several related entities, where he disclaims beneficial ownership except for 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

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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)
03/03/2026

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	03/03/2026		P		360	A	$2.9	152,054	D
Common Stock	03/03/2026		P		18	A	$2.9	5,552(1)	I	Spouse
Common Stock	03/03/2026		P		180	A	$2.9	133,788(1)(2)	I	Fromex Equity Corp.
Common Stock	03/03/2026		P		180	A	$2.9	319,040(1)(2)	I	FRMO Corp.
Common Stock	03/03/2026		P		296	A	$2.9	360,754(1)(2)	I	Horizon Common Inc.
Common Stock	03/03/2026		P		18	A	$2.9	11,628(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	03/03/2026		P		82	A	$2.9	66,630(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 152,054 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	03/04/2026
	** 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).
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FAQ

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

Murray Stahl reported buying 1,134 shares of RENN Fund common stock in open-market transactions at $2.90 per share on March 3, 2026. The purchases span his direct holdings and several indirect accounts linked to his spouse and affiliated entities.

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

He bought 360 RENN Fund common shares in his direct account at $2.90 per share. After this transaction, his directly held position reported in the filing was 152,054 shares, separate from various indirect holdings through his spouse and related entities.

Which indirect accounts were involved in the RENN Fund (RCG) insider purchases?

Indirect purchases were reported for accounts identified as Spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. The filing notes Stahl disclaims beneficial ownership in these accounts except for any pecuniary interest.

What is the total number of RENN Fund (RCG) shares reported after these insider trades?

Post-transaction balances reported include 152,054 shares directly owned and various indirect totals, such as 5,552 shares in the spouse account and 360,754 shares at Horizon Common Inc. Each balance reflects only its respective account and does not represent a combined aggregate figure.

Were the RENN Fund (RCG) insider trades open-market purchases or another type?

All reported transactions are coded “P,” indicating open-market or private purchases of common stock. Each buy occurred on March 3, 2026 at a reported price of $2.90 per share, according to the Form 4 transaction details.