Form 4: RCG officer reports $2.61 purchases across accounts

Rhea-AI Filing Summary

RENN Fund (RCG): An officer reported open‑market purchases of the company’s common stock on 10/20/2025 at $2.61 per share. The filing lists 360 shares acquired directly, with additional small purchases across indirect accounts including a spouse and affiliated entities. Following these transactions, direct holdings were 119,294 shares. Indirect positions reported after the trades include 3,914 (spouse), 117,408 (Fromex Equity Corp), 302,660 (FRMO Corp), 333,818 (Horizon Common Inc.), 9,990 (Horizon Kinetics Hard Assets LLC), and 59,168 (Horizon Kinetics Asset Management LLC).

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)

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)
10/20/2025

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	10/20/2025		P		360	A	$2.61	119,294	D
Common Stock	10/20/2025		P		18	A	$2.61	3,914(1)	I	SPOUSE
Common Stock	10/20/2025		P		180	A	$2.61	117,408(1)(2)	I	FROMEX EQUITY CORP
Common Stock	10/20/2025		P		180	A	$2.61	302,660(1)(2)	I	FRMO CORP
Common Stock	10/20/2025		P		296	A	$2.61	333,818(1)(2)	I	HORIZON COMMON INC.
Common Stock	10/20/2025		P		18	A	$2.61	9,990(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	10/20/2025		P		82	A	$2.61	59,168(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 119,294 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	10/21/2025
	** 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.

FAQ

What insider activity did RCG report?

An officer reported open‑market purchases of RENN Fund common stock at $2.61 per share on 10/20/2025.

How many RCG shares were bought directly?

The filing shows 360 shares acquired directly at $2.61 per share.

What are the officer’s direct RCG holdings after the trades?

Direct holdings were 119,294 shares following the reported transactions.

Which indirect accounts show RCG holdings after the trades?

Reported indirect holdings include 3,914 (spouse), 117,408 (Fromex Equity Corp), 302,660 (FRMO Corp), 333,818 (Horizon Common Inc.), 9,990 (Horizon Kinetics Hard Assets LLC), and 59,168 (Horizon Kinetics Asset Management LLC).

What transaction code appears in the RCG Form 4?

The code P indicates open‑market purchases.

What roles does the reporting person hold at RCG?

The individual is listed as an officer with the title President/Co‑Portfolio Manager.

Which issuer and ticker are involved?

The issuer is RENN Fund, Inc. with ticker RCG.