RENN Fund insider buys RCG shares at $2.55 in open market

RENN Fund, Inc. (RCG) reported insider share purchases by its president and co-portfolio manager, who is also a director.

Rhea-AI Filing Summary

RENN Fund, Inc. (RCG) reported insider share purchases by its president and co-portfolio manager, who is also a director. On 12/02/2025, the insider bought 360 shares of common stock directly at $2.55 per share, bringing direct beneficial ownership to 130,094 shares.

The insider also reported additional open-market purchases at $2.55 per share in several indirect accounts, including 18 shares attributed to a spouse, and purchases through entities such as FROMEX EQUITY CORP, FRMO CORP, HORIZON COMMON INC., and Horizon Kinetics Hard Assets LLC and Horizon Kinetics Asset Management LLC. The filing notes that, for each indirect account, the insider disclaims beneficial ownership 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	$2.55	$918.00
Purchase	Common Stock	18	$2.55	$45.90
Purchase	Common Stock	180	$2.55	$459.00
Purchase	Common Stock	180	$2.55	$459.00
Purchase	Common Stock	296	$2.55	$754.80
Purchase	Common Stock	18	$2.55	$45.90
Purchase	Common Stock	82	$2.55	$209.10

Holdings After Transaction: Common Stock — 130,094 shares (Direct); Common Stock — 4,454 shares (Indirect, SPOUSE); Common Stock — 122,808 shares (Indirect, FROMEX EQUITY CORP); Common Stock — 308,060 shares (Indirect, FRMO CORP); Common Stock — 342,698 shares (Indirect, HORIZON COMMON INC.); Common Stock — 10,530 shares (Indirect, Horizon Kinetics Hard Assets LLC); Common Stock — 61,628 shares (Indirect, HORIZON KINETICS ASSET MANAGEMENT LLC)

Footnotes (2)

1. F1. This figure does not include 130,094 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 does the latest Form 4 filing for RENN Fund (RCG) report?

The Form 4 reports that a RENN Fund, Inc. insider who is president, co-portfolio manager, and a director purchased additional shares of the company’s common stock on 12/02/2025, both directly and through various indirect accounts.

How many RCG shares did the insider buy directly in this Form 4?

The insider bought 360 shares of RENN Fund, Inc. common stock directly at a price of $2.55 per share, increasing direct beneficial ownership to 130,094 shares.

At what price were the RENN Fund (RCG) insider purchases made?

All the reported insider purchases of RENN Fund, Inc. common stock on 12/02/2025 were made at a price of $2.55 per share.

What indirect RCG holdings are disclosed for the insider in this filing?

The filing lists indirect holdings in accounts including a spouse, FROMEX EQUITY CORP, FRMO CORP, HORIZON COMMON INC., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC, with the insider disclaiming beneficial ownership for these except to the extent of any pecuniary interest.

What is the insider’s relationship to RENN Fund (RCG)?

The reporting person is a director and an officer of RENN Fund, Inc., serving as President/Co-Portfolio Manager according to the filing.

Does the RENN Fund (RCG) insider disclaim any beneficial ownership?

Yes. The filing states that for each indirect account, the insider disclaims beneficial ownership of RENN Fund, Inc. shares except to the extent of his pecuniary interest, if any.

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

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Accepted by SEC EDGAR 12/03/2025 - 03:20 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)

470 PARK AVENUE SOUTH

4TH FLOOR SOUTH

(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)
12/02/2025

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	12/02/2025		P		360	A	$2.55	130,094	D
Common Stock	12/02/2025		P		18	A	$2.55	4,454(1)	I	SPOUSE
Common Stock	12/02/2025		P		180	A	$2.55	122,808(1)(2)	I	FROMEX EQUITY CORP
Common Stock	12/02/2025		P		180	A	$2.55	308,060(1)(2)	I	FRMO CORP
Common Stock	12/02/2025		P		296	A	$2.55	342,698(1)(2)	I	HORIZON COMMON INC.
Common Stock	12/02/2025		P		18	A	$2.55	10,530(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	12/02/2025		P		82	A	$2.55	61,628(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 130,094 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	12/03/2025
	** 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.