RCG insider buys at $2.62 on 10/10 & 10/13; holdings updated

RENN Fund (RCG) insider activity: A reporting officer purchased RCG common stock on two dates at $2.62 per share.

Rhea-AI Filing Summary

RENN Fund (RCG) insider activity: A reporting officer purchased RCG common stock on two dates at $2.62 per share. On 10/10/2025, the filer bought 360 shares directly (Code P) and additional small lots through multiple indirect accounts, including spouse and affiliated entities. After those transactions, direct holdings were 117,130 shares. On 10/13/2025, the filer bought 364 shares directly at $2.62, with further indirect purchases via the same entities; direct holdings then were 117,494 shares.

The form lists the filer as an Officer (President/Co‑Portfolio Manager) and indicates additional indirect holdings via entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC, with beneficial ownership disclaimed except to any pecuniary interest.

Insider Trade Summary

Net Buyer: 2,292 shares

Net Buy 14 txns

Insider STAHL MURRAY

Role President/Co-Portfolio Manager

Bought 2,292 shs ($6K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	364	$2.62	$953.68
Purchase	Common Stock	18	$2.62	$47.16
Purchase	Common Stock	180	$2.62	$471.60
Purchase	Common Stock	180	$2.62	$471.60
Purchase	Common Stock	314	$2.62	$822.68
Purchase	Common Stock	18	$2.62	$47.16
Purchase	Common Stock	84	$2.62	$220.08
Purchase	Common Stock	360	$2.62	$943.20
Purchase	Common Stock	18	$2.62	$47.16
Purchase	Common Stock	180	$2.62	$471.60
Purchase	Common Stock	180	$2.62	$471.60
Purchase	Common Stock	296	$2.62	$775.52
Purchase	Common Stock	18	$2.62	$47.16
Purchase	Common Stock	82	$2.62	$214.84

Holdings After Transaction: Common Stock — 117,494 shares (Direct); Common Stock — 3,824 shares (Indirect, SPOUSE); Common Stock — 116,508 shares (Indirect, FROMEX EQUITY CORP); Common Stock — 301,760 shares (Indirect, FRMO CORP); Common Stock — 332,338 shares (Indirect, HORIZON COMMON INC.); Common Stock — 9,900 shares (Indirect, Horizon Kinetics Hard Assets LLC); Common Stock — 58,758 shares (Indirect, HORIZON KINETICS ASSET MANAGEMENT LLC)

Footnotes (3)

1. F1. This figure does not include 117,130 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.
3. F3. This figure does not include 117,494 shares held directly by Mr. Stahl.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did RCG report on Form 4?

An officer reported open‑market purchases (Code P) of RCG common stock at $2.62 per share on 10/10/2025 and 10/13/2025.

How many RCG shares did the insider buy directly?

The filer bought 360 shares on 10/10/2025 and 364 shares on 10/13/2025 at $2.62 each.

What were the insider’s direct RCG holdings after the trades?

Direct holdings were 117,130 shares after 10/10/2025 and 117,494 shares after 10/13/2025.

Which indirect accounts were involved in the RCG purchases?

Indirect accounts include spouse, Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.

Does the insider claim beneficial ownership of the indirect holdings?

The filer disclaims beneficial ownership of indirect accounts except to the extent of any pecuniary interest.

What is the filer’s relationship to RCG?

The filer is an Officer of RCG, serving as President/Co‑Portfolio Manager.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 10/14/2025 - 10:13 AM 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).

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)
10/10/2025

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	10/10/2025		P		360	A	$2.62	117,130	D
Common Stock	10/10/2025		P		18	A	$2.62	3,806(1)	I	SPOUSE
Common Stock	10/10/2025		P		180	A	$2.62	116,328(1)(2)	I	FROMEX EQUITY CORP
Common Stock	10/10/2025		P		180	A	$2.62	301,580(1)(2)	I	FRMO CORP
Common Stock	10/10/2025		P		296	A	$2.62	332,024(1)(2)	I	HORIZON COMMON INC.
Common Stock	10/10/2025		P		18	A	$2.62	9,882(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	10/10/2025		P		82	A	$2.62	58,674(1)(2)	I	HORIZON KINETICS ASSET MANAGEMENT LLC
Common Stock	10/13/2025		P		364	A	$2.62	117,494	D
Common Stock	10/13/2025		P		18	A	$2.62	3,824(3)	I	SPOUSE
Common Stock	10/13/2025		P		180	A	$2.62	116,508(2)(3)	I	FROMEX EQUITY CORP
Common Stock	10/13/2025		P		180	A	$2.62	301,760(2)(3)	I	FRMO CORP
Common Stock	10/13/2025		P		314	A	$2.62	332,338(2)(3)	I	HORIZON COMMON INC.
Common Stock	10/13/2025		P		18	A	$2.62	9,900(2)(3)	I	Horizon Kinetics Hard Assets LLC
Common Stock	10/13/2025		P		84	A	$2.62	58,758(2)(3)	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 117,130 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.

3. This figure does not include 117,494 shares held directly by Mr. Stahl.

	/s/ Jay Kesslen, attorney-in-fact	10/14/2025
	** 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.