RENN Fund president buys RCG shares in open market

Q: At what price were the RENN Fund (RCG) shares purchased in this Form 4?

All reported RENN Fund Common Stock purchases were made at $3.28 per share. These were open-market transactions spread across Stahl’s direct account, his spouse, and several affiliated entities, as disclosed in the Form 4 data.

Q: How many RENN Fund (RCG) shares were bought across all accounts in this filing?

Across all reported accounts, a total of 1,134 RENN Fund Common Stock shares were purchased. This includes Stahl’s direct account, his spouse’s holdings, and multiple related entities, all executed as open-market purchases at $3.28 per share.

Q: What role does Murray Stahl hold at RENN Fund (RCG) in this Form 4?

In this Form 4, Murray Stahl is identified as President and Co-Portfolio Manager of RENN Fund and also as a ten percent owner. The reported transactions involve his direct holdings and multiple indirect accounts associated with him.

RENN Fund, Inc. President and Co-Portfolio Manager Murray Stahl reported open-market purchases of its Common Stock.

Accepted by SEC EDGAR 03/24/2026 - 02:45 PM EDT

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Rhea-AI Filing Summary

RENN Fund, Inc. President and Co-Portfolio Manager Murray Stahl reported open-market purchases of its Common Stock. On March 23, 2026, entities associated with him bought a total of 1,134 shares at $3.28 per share, including 360 shares acquired directly. Following these trades, Stahl holds 157,094 shares directly. Additional shares are held indirectly by his spouse and several related entities, for which he disclaims beneficial ownership 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 ($4K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	360	$3.28	$1K
Purchase	Common Stock	18	$3.28	$59.04
Purchase	Common Stock	180	$3.28	$590.40
Purchase	Common Stock	180	$3.28	$590.40
Purchase	Common Stock	296	$3.28	$970.88
Purchase	Common Stock	18	$3.28	$59.04
Purchase	Common Stock	82	$3.28	$268.96

Holdings After Transaction: Common Stock — 157,094 shares (Direct); Common Stock — 5,804 shares (Indirect, Spouse); Common Stock — 136,308 shares (Indirect, Fromex Equity Corp.); Common Stock — 321,560 shares (Indirect, FRMO Corp.); Common Stock — 364,898 shares (Indirect, Horizon Common Inc.); Common Stock — 11,880 shares (Indirect, Horizon Kinetics Hard Assets LLC); Common Stock — 67,778 shares (Indirect, Horizon Kinetics Asset Management LLC)

Footnotes (2)

F1. This figure does not include 157,094 shares held directly by Mr. Stahl.
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 RENN Fund (RCG) report for Murray Stahl?

Murray Stahl reported several open-market purchases of RENN Fund Common Stock on March 23, 2026. In total, entities associated with him acquired 1,134 shares at $3.28 per share, including 360 shares bought directly in his own name.

At what price were the RENN Fund (RCG) shares purchased in this Form 4?

All reported RENN Fund Common Stock purchases were made at $3.28 per share. These were open-market transactions spread across Stahl’s direct account, his spouse, and several affiliated entities, as disclosed in the Form 4 data.

How many RENN Fund (RCG) shares does Murray Stahl hold directly after these trades?

After the March 23, 2026 purchases, Murray Stahl directly holds 157,094 shares of RENN Fund Common Stock. This figure reflects his direct ownership only and excludes additional shares held through various indirect accounts and entities.

How many RENN Fund (RCG) shares were bought across all accounts in this filing?

Across all reported accounts, a total of 1,134 RENN Fund Common Stock shares were purchased. This includes Stahl’s direct account, his spouse’s holdings, and multiple related entities, all executed as open-market purchases at $3.28 per share.

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 of the RENN Fund shares, except to the extent of his pecuniary interest, if any. Indirect positions include his spouse and several affiliated entities.

What role does Murray Stahl hold at RENN Fund (RCG) in this Form 4?

In this Form 4, Murray Stahl is identified as President and Co-Portfolio Manager of RENN Fund and also as a ten percent owner. The reported transactions involve his direct holdings and multiple indirect accounts associated with him.

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

Form 4 Insider Transactions: What Each Field Means →

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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

10016

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/23/2026		P		360	A	$3.28	157,094	D
Common Stock	03/23/2026		P		18	A	$3.28	5,804⁽¹⁾	I	Spouse
Common Stock	03/23/2026		P		180	A	$3.28	136,308⁽¹⁾⁽²⁾	I	Fromex Equity Corp.
Common Stock	03/23/2026		P		180	A	$3.28	321,560⁽¹⁾⁽²⁾	I	FRMO Corp.
Common Stock	03/23/2026		P		296	A	$3.28	364,898⁽¹⁾⁽²⁾	I	Horizon Common Inc.
Common Stock	03/23/2026		P		18	A	$3.28	11,880⁽¹⁾⁽²⁾	I	Horizon Kinetics Hard Assets LLC
Common Stock	03/23/2026		P		82	A	$3.28	67,778⁽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)

Explanation of Responses:

1. This figure does not include 157,094 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	03/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR