RCG executive Murray Stahl reports stock purchases

RENN Fund, Inc. insider activity: President, Co-Portfolio Manager and 10% owner Murray Stahl reported open-market purchases of RENN Fund common stock on February 9, 2026 at $2.68 per share.

Rhea-AI Filing Summary

RENN Fund, Inc. insider activity: President, Co-Portfolio Manager and 10% owner Murray Stahl reported open-market purchases of RENN Fund common stock on February 9, 2026 at $2.68 per share.

He bought 360 shares directly, increasing his directly held position to 146,654 shares. Additional purchases at the same price occurred in several indirect accounts, including 18 shares attributed to a spouse account and multiple transactions through entities 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 these indirect holdings except to the extent of any pecuniary interest.

Insider Trade Summary

Net Buyer: 1,134 shares

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	$2.68	$964.80
Purchase	Common Stock	18	$2.68	$48.24
Purchase	Common Stock	180	$2.68	$482.40
Purchase	Common Stock	180	$2.68	$482.40
Purchase	Common Stock	296	$2.68	$793.28
Purchase	Common Stock	18	$2.68	$48.24
Purchase	Common Stock	82	$2.68	$219.76

Holdings After Transaction: Common Stock — 146,654 shares (Direct); Common Stock — 5,282 shares (Indirect, Spouse); Common Stock — 131,088 shares (Indirect, Fromex Equity Corp.); Common Stock — 316,340 shares (Indirect, FRMO Corp.); Common Stock — 356,314 shares (Indirect, Horizon Common Inc.); Common Stock — 11,358 shares (Indirect, Horizon Kinetics Hard Assets LLC); Common Stock — 65,400 shares (Indirect, Horizon Kinetics Asset Management LLC)

Footnotes (2)

1. F1. This figure does not include 146,654 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.

FAQ

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

What insider transactions did RCG’s Murray Stahl report on February 9, 2026?

Murray Stahl reported multiple open-market purchases of RENN Fund, Inc. common stock on February 9, 2026 at $2.68 per share. These included 360 shares bought directly and several smaller purchases through spouse and affiliated entity accounts, all at the same transaction price.

How many RCG shares does Murray Stahl hold directly after this Form 4?

After the reported transaction, Murray Stahl directly owns 146,654 shares of RENN Fund, Inc. common stock. This direct position reflects the purchase of 360 additional shares at $2.68 each, as disclosed in the Form 4 insider trading report filed for February 9, 2026.

Which indirect accounts related to Murray Stahl bought RCG shares?

Indirect purchases were reported in accounts attributed to a 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 acquired small blocks of RENN Fund, Inc. common stock at $2.68 per share.

What does Murray Stahl’s beneficial ownership disclaimer in the RCG filing mean?

The filing states that for each indirect account, Murray Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any. This means he does not claim full economic or voting control over those entity and spouse-held shares beyond his direct financial stake.

What is Murray Stahl’s role and status at RENN Fund, Inc. (RCG)?

Murray Stahl is identified as President and Co-Portfolio Manager of RENN Fund, Inc. and also as a 10% owner. This dual role combines executive leadership with a significant ownership position, which is why his trading activity is disclosed on a Form 4 under Section 16 rules.

At what price were the reported RCG insider share purchases executed?

All reported RENN Fund, Inc. common stock purchases on February 9, 2026 were executed at $2.68 per share. This single price applied across Stahl’s direct acquisition and each of the indirect transactions for spouse and affiliated entities listed in the Form 4 table.

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 02/10/2026 - 10:25 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).

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)
02/09/2026

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	02/09/2026		P		360	A	$2.68	146,654	D
Common Stock	02/09/2026		P		18	A	$2.68	5,282(1)	I	Spouse
Common Stock	02/09/2026		P		180	A	$2.68	131,088(1)(2)	I	Fromex Equity Corp.
Common Stock	02/09/2026		P		180	A	$2.68	316,340(1)(2)	I	FRMO Corp.
Common Stock	02/09/2026		P		296	A	$2.68	356,314(1)(2)	I	Horizon Common Inc.
Common Stock	02/09/2026		P		18	A	$2.68	11,358(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	02/09/2026		P		82	A	$2.68	65,400(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 146,654 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	02/10/2026
	** 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.