[Form 4] RENN Fund, Inc. Insider Trading Activity

Q: What did RENN Fund (RCG) insider Murray Stahl purchase on 10/09/2025?

The filing reports purchases totaling 1,134 shares at $2.62 per share on 10/09/2025 across direct and indirect accounts.

Q: How many RCG shares does Murray Stahl hold directly after the transaction?

The Form 4 shows 116,770 shares held directly by Mr. Stahl following the reported transactions.

Q: Which entities hold indirect RCG positions reported by the filing?

Indirect holdings were reported in accounts including Fromex Equity Corp ( 301,400 ), FRMO Corp ( 331,728 ), Horizon entities, and spouse-linked account disclosures.

Q: Who signed the Form 4 and when was it filed?

The Form 4 was signed by an attorney-in-fact, Jay Kesslen , on 10/10/2025 .

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Insider purchases across multiple accounts totaling 1,134 shares at $2.62 per share were reported for RENN Fund, Inc. (RCG) on 10/09/2025. The filing shows the reporting person, Murray Stahl, acting as a director and officer (President/Co-Portfolio Manager) bought shares directly and indirectly through several affiliated accounts including Fromex Equity Corp, FRMO Corp, and related entities. The largest disclosed indirect holdings after the purchases include 331,728 shares via FRMO Corp and 301,400 via Fromex Equity Corp, while Mr. Stahl also holds 116,770 shares directly.

The filing includes a standard disclaimer that indirect accounts are disclaimed except to the extent of pecuniary interest. Transactions were reported via a Form 4 signed by an attorney-in-fact on 10/10/2025.

Insiderenkäufe über mehrere Konten in insgesamt 1.134 Aktien zu $2.62 pro Aktie wurden für RENN Fund, Inc. (RCG) am 10/09/2025 gemeldet.
Die Einreichung zeigt, dass die meldende Person, Murray Stahl, als Direktor und Beamter (Präsident/Co-Portfolio-Manager) Aktien direkt und indirekt über mehrere verbundene Konten gekauft hat, darunter Fromex Equity Corp, FRMO Corp und verwandte Einheiten. Die größten indirekten Halte nach den Käufen umfassen 331,728 Aktien über FRMO Corp und 301,400 über Fromex Equity Corp, während Herr Stahl auch direkt 116,770 Aktien hält.
Die Einreichung enthält einen Standard-Hinweis, dass indirekte Konten ausgeschlossen sind, außer im Hinblick auf das wirtschaftliche Interesse. Transaktionen wurden über ein Formular 4 berichtet, unterschrieben von einem Bevollmächtigten am 10/10/2025.

تم الإبلاغ عن شراء من الداخل عبر عدة حسابات بإجمالي 1,134 سهماً بسعر $2.62 للسهم لصندوق RENN Fund, Inc. (RCG) في 10/09/2025.
يُظهر الإبلاغ أن الشخص المبلغ عنه، Murray Stahl، بصفته مديراً ومسؤولاً (الرئيس/المدير المشترك للمحفظة) اشترى الأسهم مباشرة وبشكل غير مباشر من خلال عدة حسابات مرتبطة بما في ذلك Fromex Equity Corp، FRMO Corp والجهات المرتبطة. أكبر الحيازات غير المباشرة التي تم الكشف عنها بعد الشراء تشمل 331,728 سهماً عبر FRMO Corp و 301,400 عبر Fromex Equity Corp، بينما يمتلك السيد ستاهل أيضاً 116,770 سهماً بشكل مباشر.
يشتمل الإبلاغ على بند إخلاء مسؤولية قياسي بأن الحسابات غير المباشرة مستبعدة باستثناء ما يعادل المصلحة المالية. تم الإبلاغ عن المعاملات عبر نموذج 4 موقع من وكيل قانوني في 10/10/2025.

跨多个账户的内部人士购买，总计1,134股，价格为每股 $2.62，报道对象为 RENN Fund, Inc.（RCG）于 10/09/2025。 报告显示，报告人 Murray Stahl 担任董事及高管（总裁/共同投资组合经理），通过包括 Fromex Equity Corp、FRMO Corp及相关实体在内的若干关联账户，直接和间接买入股票。披露的最大间接持股在交易后包括通过 FRMO Corp 的 331,728 股，以及通过 Fromex Equity Corp 的 301,400 股，而斯塔尔先生也直接持有 116,770 股。
filing 包含标准免责声明，指出间接账户除对经济利益的程度外不承担责任。交易通过由代理人签署的 Form 4 于 10/10/2025 报告。

Positive

Officer and director purchased shares totaling 1,134 at $2.62, indicating insider buying

Significant indirect holdings remain with 331,728 shares via FRMO Corp and 301,400 via Fromex Equity Corp

Negative

None.

Insights

Insider purchases show management accumulation across direct and indirect accounts.
The purchases total 1,134 shares at $2.62 on 10/09/2025, executed across direct and multiple indirect accounts, which can signal confidence by a senior executive who is both a director and an officer. The filing names specific entities (FRMO Corp, Fromex Equity Corp, Horizon-related entities) that hold large post-transaction balances: 331,728 and 301,400 respectively.
Dependencies include the disclosure that indirect holdings are disclaimed except for pecuniary interest, which limits clarity on control. Monitor subsequent Form 4s for further purchases or changes in direct holdings over the next 90 days to assess whether this is a one-off allocation or part of a larger program.

Insider acquisti su piu' conti per un totale di 1.134 azioni a $2.62 per azione sono stati riportati per RENN Fund, Inc. (RCG) il 10/09/2025.
La dichiarazione mostra che la persona che riporta, Murray Stahl, in qualità di amministratore e dirigente (Presidente/Co-Portfolio Manager) ha acquistato azioni direttamente e indirettamente tramite diversi conti affiliati tra cui Fromex Equity Corp, FRMO Corp e entita' correlate. Le maggiori partecipazioni indirette dichiarate dopo gli acquisti includono 331,728 azioni tramite FRMO Corp e 301,400 tramite Fromex Equity Corp, mentre il Signor Stahl detiene anche 116,770 azioni direttamente.
La dichiarazione include una clausola di esclusione standard secondo cui i conti indiretti sono esclusi salvo che per l'interesse pecuniario. Le transazioni sono state riportate tramite un Form 4 firmato da un procuratore in fact il 10/10/2025.

Compras de insiders en múltiples cuentas por un total de 1,134 acciones a $2.62 por acción fueron reportadas para RENN Fund, Inc. (RCG) el 10/09/2025.
El informe muestra que la persona que reporta, Murray Stahl, actuando como director y funcionario (Presidente/Co-Portfolio Manager) compró acciones directa e indirectamente a través de varias cuentas afiliadas, incluyendo Fromex Equity Corp, FRMO Corp y entidades relacionadas. Las participaciones indirectas más grandes tras las compras incluyen 331,728 acciones vía FRMO Corp y 301,400 vía Fromex Equity Corp, mientras que el Sr. Stahl también posee 116,770 acciones directamente.
La declaración incluye una cláusula de exención estándar de que las cuentas indirectas están excluidas excepto en la medida del interés pecunario. Las transacciones fueron reportadas mediante un Formulario 4 firmado por un mandatario el 10/10/2025.

인사정보가 여러 계정에 걸쳐 총 1,134주를 $2.62에 매입한 내용이 RENN Fund, Inc. (RCG)에 대해 10/09/2025에 보고되었습니다.
보고서는 보고자인 Murray Stahl이 이사이자 임원(회장/공동 포트폴리오 매니저)으로서 직접 및 여러 계열 계정을 통해 간접적으로 주식을 매입했음을 보여주며, Fromex Equity Corp, FRMO Corp, 및 관련 엔티티를 포함합니다. 매수 후 가장 큰 간접 보유는 FRMO Corp를 통해 331,728주, Fromex Equity Corp를 통해 301,400주이며, Stahl 씨는 또한 직접 116,770주를 보유합니다.
공시에는 간접 계좌는 pecuniary 이익 범위를 벗어나면 면책된다는 표준 면책 조항이 포함되어 있습니다. 거래는 10/10/2025에 법정 대리인이 서명한 Form 4를 통해 보고되었습니다.

Des achats internes sur plusieurs comptes totalisant 1 134 actions à $2.62 par action ont été signalés pour RENN Fund, Inc. (RCG) le 10/09/2025.
Le dossier indique que la personne faisant le rapport, Murray Stahl, agissant en tant qu'administrateur et dirigeant (Président/Co-Gestionnaire de portefeuille) a acheté des actions directement et indirectement par l'intermédiaire de plusieurs comptes affiliés, y compris Fromex Equity Corp, FRMO Corp et d'autres entités liées. Les plus grandes participations indirectes divulguées après les achats comprennent 331,728 actions via FRMO Corp et 301,400 via Fromex Equity Corp, tandis que M. Stahl détient également 116,770 actions directement.
Le dossier comprend une clause de non-responsabilité standard indiquant que les comptes indirects sont exclus, sauf dans la mesure de l'intérêt pécuniaire. Les transactions ont été signalées via un Formulaire 4 signé par un mandataire le 10/10/2025.

Insiderenkäufe über mehrere Konten in insgesamt 1.134 Aktien zu $2.62 pro Aktie wurden für RENN Fund, Inc. (RCG) am 10/09/2025 gemeldet.
Die Einreichung zeigt, dass die meldende Person, Murray Stahl, als Direktor und Beamter (Präsident/Co-Portfolio-Manager) Aktien direkt und indirekt über mehrere verbundene Konten gekauft hat, darunter Fromex Equity Corp, FRMO Corp und verwandte Einheiten. Die größten indirekten Halte nach den Käufen umfassen 331,728 Aktien über FRMO Corp und 301,400 über Fromex Equity Corp, während Herr Stahl auch direkt 116,770 Aktien hält.
Die Einreichung enthält einen Standard-Hinweis, dass indirekte Konten ausgeschlossen sind, außer im Hinblick auf das wirtschaftliche Interesse. Transaktionen wurden über ein Formular 4 berichtet, unterschrieben von einem Bevollmächtigten am 10/10/2025.

10/10/2025 - 10:52 AM

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)

470 PARK AVENUE SOUTH

4TH FLOOR SOUTH

(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)
10/09/2025

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 10/09/2025 P 360 A $2.62 116,770 D

Common Stock 10/09/2025 P 18 A $2.62 3,788⁽¹⁾ I SPOUSE

Common Stock 10/09/2025 P 180 A $2.62 116,148⁽¹⁾⁽²⁾ I FROMEX EQUITY CORP

Common Stock 10/09/2025 P 180 A $2.62 301,400⁽¹⁾⁽²⁾ I FRMO CORP

Common Stock 10/09/2025 P 296 A $2.62 331,728⁽¹⁾⁽²⁾ I HORIZON COMMON INC.

Common Stock 10/09/2025 P 18 A $2.62 9,864⁽¹⁾⁽²⁾ I Horizon Kinetics Hard Assets LLC

Common Stock 10/09/2025 P 82 A $2.62 58,592⁽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 116,770 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 10/10/2025

** 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 did RENN Fund (RCG) insider Murray Stahl purchase on 10/09/2025?

The filing reports purchases totaling 1,134 shares at $2.62 per share on 10/09/2025 across direct and indirect accounts.

How many RCG shares does Murray Stahl hold directly after the transaction?

The Form 4 shows 116,770 shares held directly by Mr. Stahl following the reported transactions.

Which entities hold indirect RCG positions reported by the filing?

Indirect holdings were reported in accounts including Fromex Equity Corp (301,400), FRMO Corp (331,728), Horizon entities, and spouse-linked account disclosures.

Did the filing include any disclaimers about indirect ownership?

Yes. Mr. Stahl disclaims beneficial ownership of the indirect accounts except to the extent of any pecuniary interest.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by an attorney-in-fact, Jay Kesslen, on 10/10/2025.

[Form 4] RENN Fund, Inc. Insider Trading Activity

Insights

FAQ

What did RENN Fund (RCG) insider Murray Stahl purchase on 10/09/2025?

How many RCG shares does Murray Stahl hold directly after the transaction?

Which entities hold indirect RCG positions reported by the filing?

Did the filing include any disclaimers about indirect ownership?

Who signed the Form 4 and when was it filed?

NYSE:RCG

RCG Rankings

RCG Latest News

RCG Latest SEC Filings

RCG Stock Data

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/09/2025		P		360	A	$2.62	116,770	D
Common Stock	10/09/2025		P		18	A	$2.62	3,788⁽¹⁾	I	SPOUSE
Common Stock	10/09/2025		P		180	A	$2.62	116,148⁽¹⁾⁽²⁾	I	FROMEX EQUITY CORP
Common Stock	10/09/2025		P		180	A	$2.62	301,400⁽¹⁾⁽²⁾	I	FRMO CORP
Common Stock	10/09/2025		P		296	A	$2.62	331,728⁽¹⁾⁽²⁾	I	HORIZON COMMON INC.
Common Stock	10/09/2025		P		18	A	$2.62	9,864⁽¹⁾⁽²⁾	I	Horizon Kinetics Hard Assets LLC
Common Stock	10/09/2025		P		82	A	$2.62	58,592⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

	/s/ Jay Kesslen, attorney-in-fact	10/10/2025
	** 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.

Trending News

[Form 4] RENN Fund, Inc. Insider Trading Activity

Insights

Corporate Governance Analyst positive

FAQ

What did RENN Fund (RCG) insider Murray Stahl purchase on 10/09/2025?

How many RCG shares does Murray Stahl hold directly after the transaction?

Which entities hold indirect RCG positions reported by the filing?

Did the filing include any disclaimers about indirect ownership?

Who signed the Form 4 and when was it filed?

NYSE:RCG

RCG Rankings

RCG Latest News

RCG Latest SEC Filings

RCG Stock Data