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RENN Fund (NYSE: RCG) insider Murray Stahl adds shares via entities

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

Rhea-AI Filing Summary

Murray Stahl, President/Co-Portfolio Manager and a 10% owner of RENN Fund, Inc. (RCG), reported multiple open‑market purchases of common stock on February 3, 2026.

He bought 360 shares directly at $2.74 per share, bringing his direct holding to 145,214 shares

Stahl disclaims beneficial ownership of shares in each indirect account except to the extent of his pecuniary interest, if any, which clarifies that not all indirectly held shares are necessarily attributable to him economically.

Positive

  • None.

Negative

  • None.
Insider STAHL MURRAY
Role President/Co-Portfolio Manager
Bought 1,134 shs ($3K)
Type Security Shares Price Value
Purchase Common Stock 360 $2.74 $986.40
Purchase Common Stock 18 $2.74 $49.32
Purchase Common Stock 180 $2.74 $493.20
Purchase Common Stock 180 $2.74 $493.20
Purchase Common Stock 296 $2.74 $811.04
Purchase Common Stock 18 $2.74 $49.32
Purchase Common Stock 82 $2.74 $224.68
Holdings After Transaction: Common Stock — 145,214 shares (Direct); Common Stock — 5,210 shares (Indirect, Spouse)
Footnotes (1)
  1. This figure does not include 145,214 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.
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)
02/03/2026
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 02/03/2026 P 360 A $2.74 145,214 D
Common Stock 02/03/2026 P 18 A $2.74 5,210(1) I Spouse
Common Stock 02/03/2026 P 180 A $2.74 130,368(1)(2) I Fromex Equity Corp.
Common Stock 02/03/2026 P 180 A $2.74 315,620(1)(2) I FRMO Corp.
Common Stock 02/03/2026 P 296 A $2.74 355,130(1)(2) I Horizon Common Inc.
Common Stock 02/03/2026 P 18 A $2.74 11,286(1)(2) I Horizon Kinetics Hard Assets LLC
Common Stock 02/03/2026 P 82 A $2.74 65,072(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 145,214 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 02/04/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What does Murray Stahl’s Form 4 for RENN Fund (RCG) report?

The filing reports that Murray Stahl recorded several open-market purchases of RENN Fund (RCG) common stock on February 3, 2026 at $2.74 per share, including 360 shares bought directly and additional small blocks acquired through his spouse and affiliated entities.

How many RENN Fund (RCG) shares does Murray Stahl hold directly after this filing?

After the reported February 3, 2026 purchase, Murray Stahl’s direct holding in RENN Fund (RCG) common stock is 145,214 shares. This figure reflects only the shares registered in his own name and excludes positions held through spouse or affiliated entities.

Which indirect accounts are involved in Murray Stahl’s RENN Fund (RCG) holdings?

Indirect holdings in the Form 4 are shown under accounts for Stahl’s spouse and entities including Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC, each reflecting separate share balances after the February 3, 2026 trades.

At what price were the RENN Fund (RCG) shares purchased in this Form 4?

All reported RENN Fund (RCG) common stock purchases on February 3, 2026 were executed at $2.74 per share. This uniform price applies to both Stahl’s direct acquisition of 360 shares and the smaller purchases made through his spouse and affiliated entities.

What does Stahl’s disclaimer of beneficial ownership mean for RENN Fund (RCG) shares?

Stahl states he disclaims beneficial ownership of shares in each indirect account except to the extent of his pecuniary interest. This means some shares held by his spouse and related entities may not fully represent his personal economic stake, even though they are reported on the Form 4.

What roles does Murray Stahl hold at RENN Fund (RCG)?

In the filing, Murray Stahl is identified as a President/Co-Portfolio Manager of RENN Fund, Inc. and a 10% owner. These roles indicate both an executive position in managing the fund and a significant ownership stake in its common stock.