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

RENN Fund (RCG) officer reports open-market buys at $2.66

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

RENN Fund (RCG) insider activity: A reporting officer made multiple open‑market purchases of common stock on 11/13/2025 at $2.66 per share. Directly, the filer acquired 360 shares, bringing direct beneficial ownership to 125,774 shares. Additional purchases were recorded across several indirect accounts, with post‑transaction beneficial holdings listed as 4,238 (spouse), 120,648 (Fromex Equity Corp), 305,900 (FRMO Corp), 339,146 (Horizon Common Inc.), 10,314 (Horizon Kinetics Hard Assets LLC), and 60,644 (Horizon Kinetics Asset Management LLC), as disclosed in the filing’s footnoted ownership table.

Positive

  • None.

Negative

  • None.
Insider STAHL MURRAY
Role President/Co-Portfolio Manager
Bought 1,134 shs ($3K)
Type Security Shares Price Value
Purchase Common Stock 360 $2.66 $957.60
Purchase Common Stock 18 $2.66 $47.88
Purchase Common Stock 180 $2.66 $478.80
Purchase Common Stock 180 $2.66 $478.80
Purchase Common Stock 296 $2.66 $787.36
Purchase Common Stock 18 $2.66 $47.88
Purchase Common Stock 82 $2.66 $218.12
Holdings After Transaction: Common Stock — 125,774 shares (Direct); Common Stock — 4,238 shares (Indirect, SPOUSE)
Footnotes (1)
  1. This figure does not include 125,774 shares held directly by Mr. Stahl. For each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.
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Form 4 Insider Transactions: What Each Field Means →
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)
11/13/2025
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 11/13/2025 P 360 A $2.66 125,774 D
Common Stock 11/13/2025 P 18 A $2.66 4,238(1) I SPOUSE
Common Stock 11/13/2025 P 180 A $2.66 120,648(1)(2) I FROMEX EQUITY CORP
Common Stock 11/13/2025 P 180 A $2.66 305,900(1)(2) I FRMO CORP
Common Stock 11/13/2025 P 296 A $2.66 339,146(1)(2) I HORIZON COMMON INC.
Common Stock 11/13/2025 P 18 A $2.66 10,314(1)(2) I Horizon Kinetics Hard Assets LLC
Common Stock 11/13/2025 P 82 A $2.66 60,644(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 125,774 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 11/14/2025
** 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 insider transactions did RCG report on Form 4?

Open‑market purchases on 11/13/2025 at $2.66 per share across direct and multiple indirect accounts.

How many RCG shares were bought directly by the reporting person?

The reporting person purchased 360 shares directly at $2.66, with direct holdings now 125,774 shares.

What are the spouse’s post‑transaction RCG holdings?

The spouse’s beneficially owned shares are listed as 4,238 following the reported transactions.

What are the indirect holdings via Fromex Equity Corp and FRMO Corp?

Post‑transaction holdings are 120,648 (Fromex Equity Corp) and 305,900 (FRMO Corp).

What indirect RCG holdings are reported for Horizon‑related entities?

Post‑transaction holdings are 339,146 (Horizon Common Inc.), 10,314 (Horizon Kinetics Hard Assets LLC), and 60,644 (Horizon Kinetics Asset Management LLC).

What price did the insider pay per RCG share?

Each reported purchase occurred at $2.66 per share on 11/13/2025.