RENN Fund (RCG) president reports multiple insider share buys

Rhea-AI Filing Summary

RENN Fund, Inc. president and 10% owner Murray Stahl reported several open-market purchases of the fund’s common stock on February 5, 2026 at a price of $2.64 per share. The filing shows a direct purchase of 360 shares, bringing his directly held position to 145,934 shares.

Additional purchases were reported in accounts associated with his spouse and entities including Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. For each indirect account, Stahl disclaims beneficial ownership except to the extent of 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

OMB APPROVAL

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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)
02/05/2026

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	02/05/2026		P		360	A	$2.64	145,934	D
Common Stock	02/05/2026		P		18	A	$2.64	5,246(1)	I	Spouse
Common Stock	02/05/2026		P		180	A	$2.64	130,728(1)(2)	I	Fromex Equity Corp.
Common Stock	02/05/2026		P		180	A	$2.64	315,980(1)(2)	I	FRMO Corp.
Common Stock	02/05/2026		P		296	A	$2.64	355,722(1)(2)	I	Horizon Common Inc.
Common Stock	02/05/2026		P		18	A	$2.64	11,322(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	02/05/2026		P		82	A	$2.64	65,236(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 145,934 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	02/06/2026
	** 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?

The filing reports multiple open-market purchases of RENN Fund common stock on February 5, 2026 at $2.64 per share. These include 360 shares bought directly and additional shares acquired through accounts held by his spouse and several affiliated entities.

How many RENN Fund (RCG) shares does Murray Stahl now hold directly?

After the February 5, 2026 purchases, Murray Stahl beneficially owns 145,934 RENN Fund common shares directly. This figure comes from the Form 4’s non-derivative table, which lists his post-transaction direct ownership following a 360‑share open-market purchase.

Which related entities were involved in the RENN Fund (RCG) insider purchases?

The insider purchases include indirect accounts associated with Stahl’s spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Each of these entities is shown holding RENN Fund common stock after the reported transactions.

What does Murray Stahl’s beneficial ownership disclaimer mean for RCG shares?

Stahl states that for each indirect account, he disclaims beneficial ownership of RENN Fund shares except to the extent of his pecuniary interest, if any. This means economic exposure may exist, but he does not claim full beneficial ownership of all indirectly held shares.

What is Murray Stahl’s role at RENN Fund (RCG) according to this filing?

Murray Stahl is identified as a President/Co-Portfolio Manager and a 10% owner of RENN Fund, Inc. This dual role, disclosed in the Form 4, explains why his direct and certain indirect holdings in the fund’s common stock must be reported.

Were any derivative securities reported in this RENN Fund (RCG) Form 4?

The Form 4 includes a table for derivative securities but does not list any specific options, warrants, or other derivatives. All reported activity involves non-derivative RENN Fund common stock purchased in open-market transactions at $2.64 per share.