RCG president buys RENN Fund shares at $2.73

RENN Fund, Inc. president and 10% owner Murray Stahl reported multiple open‑market purchases of RENN Fund common stock.

Rhea-AI Filing Summary

RENN Fund, Inc. president and 10% owner Murray Stahl reported multiple open‑market purchases of RENN Fund common stock. On February 4, 2026, he bought 360 shares directly at $2.73 per share, bringing his direct holdings to 145,574 shares.

Additional purchases at $2.73 were reported in accounts held by his spouse and entities including 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 his 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	$2.73	$982.80
Purchase	Common Stock	18	$2.73	$49.14
Purchase	Common Stock	180	$2.73	$491.40
Purchase	Common Stock	180	$2.73	$491.40
Purchase	Common Stock	296	$2.73	$808.08
Purchase	Common Stock	18	$2.73	$49.14
Purchase	Common Stock	82	$2.73	$223.86

Holdings After Transaction: Common Stock — 145,574 shares (Direct); Common Stock — 5,228 shares (Indirect, Spouse); Common Stock — 130,548 shares (Indirect, Fromex Equity Corp.); Common Stock — 315,800 shares (Indirect, FRMO Corp.); Common Stock — 355,426 shares (Indirect, Horizon Common Inc.); Common Stock — 11,304 shares (Indirect, Horizon Kinetics Hard Assets LLC); Common Stock — 65,154 shares (Indirect, Horizon Kinetics Asset Management LLC)

Footnotes (2)

1. F1. This figure does not include 145,574 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 transaction did RENN Fund (RCG) report for Murray Stahl?

Murray Stahl reported buying RENN Fund common stock on February 4, 2026. He acquired 360 shares directly at $2.73 per share and reported additional small purchases through his spouse and several affiliated entities, all at the same price.

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

After the reported transaction, Murray Stahl holds 145,574 RENN Fund shares directly. This direct position reflects the addition of 360 shares purchased at $2.73 per share on February 4, 2026, as disclosed in the Form 4 filing.

Were RENN Fund (RCG) shares also bought through entities related to Murray Stahl?

Yes, additional RENN Fund shares were bought through accounts associated with Murray Stahl. Purchases at $2.73 per share were reported for his spouse and entities including Fromex Equity Corp., FRMO Corp., Horizon Common Inc., and Horizon Kinetics–branded investment entities.

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

Stahl disclaims full beneficial ownership of the indirect accounts. The filing states he disclaims beneficial ownership for each indirect account except to the extent of his pecuniary interest, clarifying his economic stake versus legal or voting control over those shares.

At what price were the RENN Fund (RCG) insider purchases made on February 4, 2026?

All reported RENN Fund common stock purchases were made at $2.73 per share. This price applied to both Stahl’s 360-share direct purchase and the additional smaller purchases in his spouse’s account and several investment entities tied to him.

What roles does Murray Stahl hold at RENN Fund (RCG) according to the filing?

Murray Stahl is identified as President, Co‑Portfolio Manager, and a 10% owner of RENN Fund. These roles underscore his senior management position and significant ownership stake, which make his trading activity reportable under Section 16 rules.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/05/2026 - 01:05 PM 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)
02/04/2026

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	02/04/2026		P		360	A	$2.73	145,574	D
Common Stock	02/04/2026		P		18	A	$2.73	5,228(1)	I	Spouse
Common Stock	02/04/2026		P		180	A	$2.73	130,548(1)(2)	I	Fromex Equity Corp.
Common Stock	02/04/2026		P		180	A	$2.73	315,800(1)(2)	I	FRMO Corp.
Common Stock	02/04/2026		P		296	A	$2.73	355,426(1)(2)	I	Horizon Common Inc.
Common Stock	02/04/2026		P		18	A	$2.73	11,304(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	02/04/2026		P		82	A	$2.73	65,154(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 145,574 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	02/05/2026
	** 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.