Murray Stahl-linked accounts add RENN Fund (RCG) shares at $2.71

Rhea-AI Filing Summary

RENN Fund, Inc. insider activity: President, Co-Portfolio Manager and 10% owner Murray Stahl reported multiple open-market purchases of RENN Fund common stock on February 10, 2026 at $2.71 per share.

He acquired 360 shares directly, bringing his directly held position to 147,014 common shares. Additional purchases were reported as indirectly owned through his spouse and several related entities, including Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC, each at the same per-share price.

The filing notes that for each indirect account, Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any, clarifying how these indirect holdings are treated for reporting purposes.

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)
02/10/2026

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	02/10/2026		P		360	A	$2.71	147,014	D
Common Stock	02/10/2026		P		18	A	$2.71	5,300(1)	I	Spouse
Common Stock	02/10/2026		P		180	A	$2.71	131,268(1)(2)	I	Fromex Equity Corp.
Common Stock	02/10/2026		P		180	A	$2.71	316,520(1)(2)	I	FRMO Corp.
Common Stock	02/10/2026		P		296	A	$2.71	356,610(1)(2)	I	Horizon Common Inc.
Common Stock	02/10/2026		P		18	A	$2.71	11,376(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	02/10/2026		P		82	A	$2.71	65,482(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 147,014 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	02/11/2026
	** 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 transaction did Murray Stahl report for RENN Fund (RCG)?

Murray Stahl reported purchasing RENN Fund common stock on February 10, 2026 at $2.71 per share. The Form 4 shows both direct and indirect acquisitions across several related accounts and entities, all at the same transaction date and price.

How many RENN Fund (RCG) shares does Murray Stahl now hold directly?

After the reported transaction, Murray Stahl directly holds 147,014 shares of RENN Fund common stock. This direct position reflects his personal holdings, separate from the additional indirect interests reported through his spouse and various affiliated entities.

Which indirect accounts are associated with Murray Stahl’s RENN Fund (RCG) holdings?

Indirect holdings are reported through his spouse and several entities: Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Each of these accounts reported common stock transactions at $2.71 per share.

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

The filing states Stahl disclaims beneficial ownership of shares in each indirect account except for any pecuniary interest he may have. This means those positions are reported for transparency but are not fully attributed to him economically beyond his financial stake.

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

Murray Stahl is identified as President, Co-Portfolio Manager and a 10% owner of RENN Fund, Inc. His Form 4 filing reflects transactions in the company’s common stock consistent with his status as a significant insider under U.S. securities regulations.

What transaction code is used in Murray Stahl’s RENN Fund (RCG) Form 4?

The Form 4 uses transaction code “P” for each line item, which denotes an open-market or private purchase of common stock. All reported transactions on February 10, 2026 were recorded at a price of $2.71 per share.