Murray Stahl adds 1,134 RENN Fund (RCG) shares in open-market buys

Rhea-AI Filing Summary

RENN Fund, Inc. President and 10% owner Murray Stahl reported open-market purchases of a total of 1,134 shares of common stock at a price of $2.75 per share. The activity on February 18, 2026 included 360 shares bought in his own account and additional shares purchased in accounts held by his spouse and several related entities.

Following these transactions, Stahl held 148,814 shares directly, while indirect holdings were reported in accounts such as Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Stahl disclaims beneficial ownership of the indirect accounts except to the extent of his pecuniary interest.

Insider Trade Summary

Net Buyer: 1,134 shares ($3,119)

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	$2.75	$990.00
Purchase	Common Stock	18	$2.75	$49.50
Purchase	Common Stock	180	$2.75	$495.00
Purchase	Common Stock	180	$2.75	$495.00
Purchase	Common Stock	296	$2.75	$814.00
Purchase	Common Stock	18	$2.75	$49.50
Purchase	Common Stock	82	$2.75	$225.50

Holdings After Transaction: Common Stock — 148,814 shares (Direct); Common Stock — 5,390 shares (Indirect, Spouse)

Footnotes (1)

1. This figure does not include 148,814 shares held directly by Mr. Stahl. For each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

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Form 4 Insider Transactions: What Each Field Means →

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)

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)
02/18/2026

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	02/18/2026		P		360	A	$2.75	148,814	D
Common Stock	02/18/2026		P		18	A	$2.75	5,390(1)	I	Spouse
Common Stock	02/18/2026		P		180	A	$2.75	132,168(1)(2)	I	Fromex Equity Corp.
Common Stock	02/18/2026		P		180	A	$2.75	317,420(1)(2)	I	FRMO Corp.
Common Stock	02/18/2026		P		296	A	$2.75	358,090(1)(2)	I	Horizon Common Inc.
Common Stock	02/18/2026		P		18	A	$2.75	11,466(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	02/18/2026		P		82	A	$2.75	65,892(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 148,814 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	02/19/2026
	** 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 transactions were reported for RENN Fund (RCG) on February 18, 2026?

On February 18, 2026, Murray Stahl reported buying a total of 1,134 RENN Fund common shares at $2.75 each. The purchases were split between his direct account and several indirect accounts held by his spouse and related investment entities.

How many RENN Fund (RCG) shares did Murray Stahl buy directly and indirectly?

Murray Stahl bought 360 RENN Fund shares directly and 774 shares through indirect accounts, for a total of 1,134 shares. Indirect holdings are in accounts of his spouse and entities such as Fromex Equity Corp., FRMO Corp., and Horizon-related investment companies.

What was Murray Stahl’s direct ownership in RENN Fund (RCG) after the reported trades?

After the reported trades, Murray Stahl directly owned 148,814 RENN Fund common shares. This direct position is separate from additional indirect holdings attributed to spouse and affiliated entities, where he disclaims beneficial ownership beyond any pecuniary interest.

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

All reported insider purchases of RENN Fund common stock were executed at $2.75 per share. This price applied across the direct purchase by Murray Stahl and each indirect purchase made through his spouse and associated investment entities on the same trade date.

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

Indirect purchases were reported in accounts identified as Spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. These entities held the indirectly owned RENN Fund shares after the February 18, 2026 transactions.