Insider and affiliates buy RENN Fund, Inc. (NYSE: RCG) stock shares

Rhea-AI Filing Summary

RENN Fund, Inc. reported insider and affiliated purchases of its common stock. On January 13, 2026, President and Co-Portfolio Manager Murray Stahl, who is also a 10% owner, directly purchased 360 shares of RENN Fund common stock at $2.65 per share, bringing his directly held amount to 140,174 shares.

Additional purchases at $2.65 per share were made in accounts associated with him: a spouse account bought 18 shares, and entities including Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC bought between 18 and 296 shares each. The filing notes that these indirect accounts together hold tens of thousands of shares after the transactions and that Stahl disclaims beneficial ownership in these indirect holdings except to the extent of his pecuniary interest.

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
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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)
01/13/2026

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	01/13/2026		P		360	A	$2.65	140,174	D
Common Stock	01/13/2026		P		18	A	$2.65	4,958(1)	I	Spouse
Common Stock	01/13/2026		P		180	A	$2.65	127,848(1)(2)	I	Fromex Equity Corp.
Common Stock	01/13/2026		P		180	A	$2.65	313,100(1)(2)	I	FRMO Corp.
Common Stock	01/13/2026		P		296	A	$2.65	350,986(1)(2)	I	Horizon Common Inc.
Common Stock	01/13/2026		P		18	A	$2.65	11,034(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	01/13/2026		P		82	A	$2.65	63,924(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 140,174 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	01/14/2026
	** 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.
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FAQ

What insider activity did RENN Fund, Inc. (RCG) report in this Form 4?

The filing shows purchases of RENN Fund, Inc. common stock on January 13, 2026 by President and Co-Portfolio Manager Murray Stahl and several related accounts, all at a price of $2.65 per share.

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

Murray Stahl directly purchased 360 shares of RENN Fund common stock at $2.65 per share, bringing his directly held position to 140,174 shares following the transaction.

Which related accounts bought additional RENN Fund (RCG) shares?

Additional purchases at $2.65 per share were made in accounts associated with Stahl, including a spouse account and entities such as Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.

What were the post-transaction holdings in the indirect RENN Fund (RCG) accounts?

After the purchases, the filing reports holdings such as 4,958 shares in the spouse account, 127,848 shares for Fromex Equity Corp., 313,100 shares for FRMO Corp., 350,986 shares for Horizon Common Inc., 11,034 shares for Horizon Kinetics Hard Assets LLC, and 63,924 shares for Horizon Kinetics Asset Management LLC.

Does Murray Stahl claim full beneficial ownership of the indirect RENN Fund (RCG) holdings?

No. The filing states that for each indirect account, Murray Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any, meaning he does not claim full ownership of those indirect holdings.

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

According to the filing, Murray Stahl is an officer of RENN Fund, Inc., serving as President/Co-Portfolio Manager, and is also listed as a 10% owner of the company.