Insider Murray Stahl-linked accounts buy RENN Fund (RCG) shares at $2.85

Rhea-AI Filing Summary

RENN Fund, Inc. reported insider open-market purchases of its common stock by President and Co-Portfolio Manager Murray Stahl and entities associated with him. On February 27, 2026, a total of 1,134 shares were bought at $2.85 per share across direct and indirect accounts.

Stahl directly acquired 360 shares, bringing his directly held stake to 151,334 shares. Additional purchases were made for his spouse and for several affiliated entities, including Fromex Equity Corp., FRMO Corp., Horizon Common Inc., and Horizon Kinetics investment vehicles, 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)
02/27/2026

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	02/27/2026		P		360	A	$2.85	151,334	D
Common Stock	02/27/2026		P		18	A	$2.85	5,516(1)	I	Spouse
Common Stock	02/27/2026		P		180	A	$2.85	133,428(1)(2)	I	Fromex Equity Corp.
Common Stock	02/27/2026		P		180	A	$2.85	318,680(1)(2)	I	FRMO Corp.
Common Stock	02/27/2026		P		296	A	$2.85	360,162(1)(2)	I	Horizon Common Inc.
Common Stock	02/27/2026		P		18	A	$2.85	11,592(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	02/27/2026		P		82	A	$2.85	66,466(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 151,334 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	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

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

RENN Fund reported multiple insider purchases of common stock linked to Murray Stahl on February 27, 2026. In total, 1,134 shares were bought at $2.85 per share across his direct account, his spouse’s account, and several affiliated investment entities.

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

Murray Stahl directly purchased 360 shares of RENN Fund common stock at $2.85 per share. After this transaction, his directly held position increased to 151,334 shares, reflecting only the shares registered in his own name, separate from any indirect or affiliated holdings.

Which entities associated with Murray Stahl bought RENN Fund (RCG) shares?

Indirect purchases at $2.85 per share were made for Stahl’s spouse and entities including Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. These accounts collectively acquired several small lots totaling hundreds of shares on the same date.

What price was paid in the recent RENN Fund (RCG) insider purchases?

All reported insider transactions on February 27, 2026 occurred at $2.85 per share. This single purchase price applied to the 360 shares bought directly by Murray Stahl as well as the additional 774 shares acquired through his spouse and affiliated investment entities.

Does Murray Stahl claim full beneficial ownership of all indirect RENN Fund (RCG) shares?

No. A footnote states that, for each indirect account, Murray Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any. This means entities like Horizon Kinetics and FRMO Corp. are separate holders, even though they are associated with him.