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[Form 4] RENN Fund, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
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.

RENN Fund (RCG) attività degli insider: un funzionario riportante ha acquistato azioni ordinarie RCG in due date a 2,62 $ per azione. Il 10/10/2025, il dichiarante ha acquistato 360 azioni direttamente (Codice P) e ulteriori piccoli lotti tramite molteplici conti indiretti, inclusi coniuge e entità affiliate. Dopo tali operazioni, le partecipazioni dirette erano 117.130 azioni. Il 13/10/2025, il dichiarante ha acquistato 364 azioni direttamente a 2,62 $, con ulteriori acquisti indiretti tramite le stesse entità; le partecipazioni dirette erano quindi 117.494 azioni. Il modulo indica il dichiarante come Dirigente (Presidente/Co‑Portfolio Manager) e indica ulteriori partecipazioni indirette tramite entità quali Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC e Horizon Kinetics Asset Management LLC, con la proprietà beneficiaria declinata salvo per eventuali interessi pecuniari.

Actividad interna del fondo RENN (RCG): un funcionario reportante compró acciones ordinarias de RCG a dos fechas a 2,62 dólares por acción. El 10/10/2025, el presentador compró 360 acciones directamente (Código P) y lotes pequeños adicionales a través de varias cuentas indirectas, incluido el cónyuge y entidades afiliadas. Después de esas transacciones, las participaciones directas eran de 117.130 acciones. El 13/10/2025, el presentador compró 364 acciones directamente a 2,62 dólares, con compras indirectas adicionales a través de las mismas entidades; las participaciónes directas entonces eran de 117.494 acciones. El formulario indica al presentador como un Oficial (Presidente/Co‑Administrador de la Cartera) y señala participaciones indirectas adicionales a través de entidades como Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC y Horizon Kinetics Asset Management LLC, con la titularidad beneficiaria declarada solo en lo que respecta a cualquier interés pecuniario.

RENN 펀드(RCG) 내부자 활동: 보고 담당자가 RCG 보통주를 두 차례에 걸쳐 주당 2.62달러에 매입했습니다. 2025년 10월 10일, 신고자는 직접 360주를 매입하고(Code P) 여러 간접계정을 통해 자잘한 소량 매입을 추가했습니다. 배우자 및 계열사를 포함합니다. 이러한 거래 후 보유지분은 직접 보유가 117,130주였습니다. 2025년 10월 13일, 신고자는 직접 364주를 2.62달러에 매입했고 같은 계열사를 통해 추가 간접 매입이 이어졌으며 직접 보유는 117,494주로 증가했습니다. 양식은 신고자를 임원(사장/포트폴리오 매니저 동반)로 기재하고 Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, Horizon Kinetics Asset Management LLC 와 같은 기업을 통한 추가 간접 보유를 지시하며 유익한 소유권은 pecuniary interest에 한해 포기되었다고 표시합니다.

Activité des initiés du fonds RENN (RCG) : un agent déclarant a acheté des actions ordinaires RCG à deux dates à 2,62 $ par action. Le 10/10/2025, le déclarant a acheté 360 actions directement (Code P) et des lots plus petits via plusieurs comptes indirects, y compris le conjoint et des entités affiliées. Après ces transactions, les avoirs directs étaient de 117 130 actions. Le 13/10/2025, le déclarant a acheté 364 actions directement à 2,62 $, avec d'autres achats indirects via les mêmes entités ; les avoirs directs étaient alors de 117 494 actions. Le formulaire indique que le déclarant est un Responsable (Président/Co-Gérant de portefeuille) et indique des avoirs indirects supplémentaires via des entités telles que Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC et Horizon Kinetics Asset Management LLC, la propriété bénéficiaire étant déclinée sauf pour tout intérêt pécuniaire.

RENN-Fonds (RCG) Insider-Tätigkeiten: Ein meldender Beamter kaufte RCG-Stammaktien an zwei Terminen zu je 2,62 $ pro Aktie. Am 10.10.2025 kaufte der Melder 360 Aktien direkt (Code P) und zusätzlich kleine Lose über mehrere indirekte Konten, einschließlich Ehepartner und verbundener Gesellschaften. Nach diesen Transaktionen betrug der direkte Anteil 117.130 Aktien. Am 13.10.2025 kaufte der Melder 364 Aktien direkt für 2,62 $, mit weiteren indirekten Käufen über dieselben Einheiten; die direkten Beteiligungen betrugen dann 117.494 Aktien. Das Formular listet den Melder als Beamten (President/Co-Portfoliomanager) und weist auf zusätzliche indirekte Beteiligungen durch Entitäten wie Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC und Horizon Kinetics Asset Management LLC hin, wobei die wirtschaftlichen Eigentumsverhältnisse mit Ausnahme von etwaigen geldwerten Interessen abgelehnt werden.

نشاط المستشارين في صندوق RENN (RCG): قام موظف مُبلغ بشراء أسهم عادية في RCG في تاريخين بسعر 2.62 دولار للسهم. في 10/10/2025، قام المبلغ عنه بشراء 360 سهماً بشكل مباشر (الرمز P) ودفعات صغيرة إضافية من عدة حسابات غير مباشرة، بما في ذلك spouse وكيانات affiliated. بعد هذه المعاملات، بلغت الحيازات المباشرة 117,130 سهماً. في 13/10/2025، اشترى المبلغ عنه 364 سهماً بشكل مباشر بسعر 2.62 دولار، مع مزيد من الشراء غير المباشر عبر نفس الكيانات؛ وبهذا أصبحت الحيازات المباشرة 117,494 سهماً. يسرد النموذج المبلغ عنه كموظف (الرئيس/مدير المحفظة المشارك) ويشير إلى حيازات غير مباشرة إضافية عبر كيانات مثل Fromex Equity Corp، FRMO Corp، Horizon Common Inc.، Horizon Kinetics Hard Assets LLC وHorizon Kinetics Asset Management LLC، مع نفي الملكية المستفيدة باستثناء أي مصلحة مالية.

RENN 基金 (RCG) 内幕交易活动：一名报告人员以每股 2.62 美元的价格在两个日期购买了 RCG 普通股。2025-10-10，申报人直接买入 360 股（代码 P），并通过多个间接账户额外买入少量股票，包括配偶及关联实体。经这些交易后，直接持股为 117,130 股。2025-10-13，申报人直接买入 364 股，价格仍为 2.62 美元，并通过同一实体进行更多间接购买；直接持股变为 117,494 股。表格将申报人列为官员（总统/共同基金经理），并通过 Fromex Equity Corp、FRMO Corp、Horizon Common Inc.、Horizon Kinetics Hard Assets LLC、Horizon Kinetics Asset Management LLC 等实体指示额外的间接持有，受益所有权声明被除去，除非涉及任何经济利益。

Positive
  • None.
Negative
  • None.

RENN Fund (RCG) attività degli insider: un funzionario riportante ha acquistato azioni ordinarie RCG in due date a 2,62 $ per azione. Il 10/10/2025, il dichiarante ha acquistato 360 azioni direttamente (Codice P) e ulteriori piccoli lotti tramite molteplici conti indiretti, inclusi coniuge e entità affiliate. Dopo tali operazioni, le partecipazioni dirette erano 117.130 azioni. Il 13/10/2025, il dichiarante ha acquistato 364 azioni direttamente a 2,62 $, con ulteriori acquisti indiretti tramite le stesse entità; le partecipazioni dirette erano quindi 117.494 azioni. Il modulo indica il dichiarante come Dirigente (Presidente/Co‑Portfolio Manager) e indica ulteriori partecipazioni indirette tramite entità quali Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC e Horizon Kinetics Asset Management LLC, con la proprietà beneficiaria declinata salvo per eventuali interessi pecuniari.

Actividad interna del fondo RENN (RCG): un funcionario reportante compró acciones ordinarias de RCG a dos fechas a 2,62 dólares por acción. El 10/10/2025, el presentador compró 360 acciones directamente (Código P) y lotes pequeños adicionales a través de varias cuentas indirectas, incluido el cónyuge y entidades afiliadas. Después de esas transacciones, las participaciones directas eran de 117.130 acciones. El 13/10/2025, el presentador compró 364 acciones directamente a 2,62 dólares, con compras indirectas adicionales a través de las mismas entidades; las participaciónes directas entonces eran de 117.494 acciones. El formulario indica al presentador como un Oficial (Presidente/Co‑Administrador de la Cartera) y señala participaciones indirectas adicionales a través de entidades como Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC y Horizon Kinetics Asset Management LLC, con la titularidad beneficiaria declarada solo en lo que respecta a cualquier interés pecuniario.

RENN 펀드(RCG) 내부자 활동: 보고 담당자가 RCG 보통주를 두 차례에 걸쳐 주당 2.62달러에 매입했습니다. 2025년 10월 10일, 신고자는 직접 360주를 매입하고(Code P) 여러 간접계정을 통해 자잘한 소량 매입을 추가했습니다. 배우자 및 계열사를 포함합니다. 이러한 거래 후 보유지분은 직접 보유가 117,130주였습니다. 2025년 10월 13일, 신고자는 직접 364주를 2.62달러에 매입했고 같은 계열사를 통해 추가 간접 매입이 이어졌으며 직접 보유는 117,494주로 증가했습니다. 양식은 신고자를 임원(사장/포트폴리오 매니저 동반)로 기재하고 Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, Horizon Kinetics Asset Management LLC 와 같은 기업을 통한 추가 간접 보유를 지시하며 유익한 소유권은 pecuniary interest에 한해 포기되었다고 표시합니다.

Activité des initiés du fonds RENN (RCG) : un agent déclarant a acheté des actions ordinaires RCG à deux dates à 2,62 $ par action. Le 10/10/2025, le déclarant a acheté 360 actions directement (Code P) et des lots plus petits via plusieurs comptes indirects, y compris le conjoint et des entités affiliées. Après ces transactions, les avoirs directs étaient de 117 130 actions. Le 13/10/2025, le déclarant a acheté 364 actions directement à 2,62 $, avec d'autres achats indirects via les mêmes entités ; les avoirs directs étaient alors de 117 494 actions. Le formulaire indique que le déclarant est un Responsable (Président/Co-Gérant de portefeuille) et indique des avoirs indirects supplémentaires via des entités telles que Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC et Horizon Kinetics Asset Management LLC, la propriété bénéficiaire étant déclinée sauf pour tout intérêt pécuniaire.

RENN-Fonds (RCG) Insider-Tätigkeiten: Ein meldender Beamter kaufte RCG-Stammaktien an zwei Terminen zu je 2,62 $ pro Aktie. Am 10.10.2025 kaufte der Melder 360 Aktien direkt (Code P) und zusätzlich kleine Lose über mehrere indirekte Konten, einschließlich Ehepartner und verbundener Gesellschaften. Nach diesen Transaktionen betrug der direkte Anteil 117.130 Aktien. Am 13.10.2025 kaufte der Melder 364 Aktien direkt für 2,62 $, mit weiteren indirekten Käufen über dieselben Einheiten; die direkten Beteiligungen betrugen dann 117.494 Aktien. Das Formular listet den Melder als Beamten (President/Co-Portfoliomanager) und weist auf zusätzliche indirekte Beteiligungen durch Entitäten wie Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC und Horizon Kinetics Asset Management LLC hin, wobei die wirtschaftlichen Eigentumsverhältnisse mit Ausnahme von etwaigen geldwerten Interessen abgelehnt werden.

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.

Source: View Original Filing on SEC EDGAR

FAQ

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.
Stock RCG logo
RENN Fund ord

NYSE:RCG

RCG Rankings

#5955 Ranked by Market Cap
#2113 Ranked by Dividends

RCG Latest News

Jan 14, 2025
FRMO Corp. Announces Fiscal 2025 Second Quarter Results, Conference Call, and New Board Appointment
Dec 16, 2024
RENN Fund, Inc. Announces Year End Distribution
Nov 26, 2024
RENN Fund, Inc. Announces Record Date for Year End Distribution
Dec 14, 2023
RENN Fund, Inc. Announces Year End Distribution
Dec 4, 2023
Renn Fund, Inc. Announces Record Date for Year End Distribution

RCG Latest SEC Filings

Oct 15, 2025
[Form 4] RENN Fund, Inc. Insider Trading Activity
Oct 10, 2025
[Form 4] RENN Fund, Inc. Insider Trading Activity
Oct 9, 2025
[Form 4] RENN Fund, Inc. Insider Trading Activity
Oct 8, 2025
[Form 4] RENN Fund, Inc. Insider Trading Activity
Oct 7, 2025
[Form 4] RENN Fund, Inc. Insider Trading Activity

RCG Stock Data

18.24M
7.02M
19.47%
18.32%
0.21%
Asset Management
Financial Services
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United States
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