Murray Stahl adds 1,134 RENN Fund (RCG) shares in open‑market buys

Rhea-AI Filing Summary

RENN Fund, Inc. President and 10% owner Murray Stahl and related accounts reported open‑market purchases of 1,134 shares of common stock at $2.85 per share on February 26, 2026. Stahl now holds 150,974 shares directly, and various spouse and entity accounts hold additional shares for which he disclaims beneficial ownership except for any pecuniary interest.

Insider Trade Summary

Net Buyer: 1,134 shares ($3,232)

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	$2.85	$1K
Purchase	Common Stock	18	$2.85	$51.30
Purchase	Common Stock	180	$2.85	$513.00
Purchase	Common Stock	180	$2.85	$513.00
Purchase	Common Stock	296	$2.85	$843.60
Purchase	Common Stock	18	$2.85	$51.30
Purchase	Common Stock	82	$2.85	$233.70

Holdings After Transaction: Common Stock — 150,974 shares (Direct); Common Stock — 5,498 shares (Indirect, Spouse)

Footnotes (1)

1. This figure does not include 150,974 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 →

Accepted by SEC EDGAR 02/27/2026 - 11:11 AM 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)
02/26/2026

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	02/26/2026		P		360	A	$2.85	150,974	D
Common Stock	02/26/2026		P		18	A	$2.85	5,498(1)	I	Spouse
Common Stock	02/26/2026		P		180	A	$2.85	133,248(1)(2)	I	Fromex Equity Corp.
Common Stock	02/26/2026		P		180	A	$2.85	318,500(1)(2)	I	FRMO Corp.
Common Stock	02/26/2026		P		296	A	$2.85	359,866(1)(2)	I	Horizon Common Inc.
Common Stock	02/26/2026		P		18	A	$2.85	11,574(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	02/26/2026		P		82	A	$2.85	66,384(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 150,974 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	02/27/2026
	** 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.

FAQ

What insider activity did RCG report for Murray Stahl on February 26, 2026?

Murray Stahl and related accounts bought 1,134 RENN Fund common shares at $2.85 on February 26, 2026. The Form 4 lists one direct purchase and several indirect purchases through his spouse and affiliated investment entities.

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

After the reported transaction, Murray Stahl directly owns 150,974 RENN Fund common shares. Additional shares are held in indirect accounts, including his spouse and several investment entities, where he disclaims beneficial ownership except for any pecuniary interest.

Were the RCG insider transactions open‑market purchases or another type of trade?

All reported RENN Fund transactions were open‑market purchases coded “P.” The filing describes them as purchases in the open market or private transactions, all at a price of $2.85 per common share on February 26, 2026.

Which indirect accounts related to Murray Stahl bought RENN Fund (RCG) shares?

Indirect purchasers included his spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. The filing notes Stahl disclaims beneficial ownership in these accounts except for any pecuniary interest.

Does Murray Stahl have full beneficial ownership of all RCG shares in the filing?

He has full beneficial ownership over shares held directly. For shares in indirect accounts, including spouse and affiliated entities, he disclaims beneficial ownership except to the extent of any pecuniary interest, as explicitly stated in the Form 4 footnotes.