Murray Stahl of RENN Fund (RCG) reports insider share purchases

Rhea-AI Filing Summary

RENN Fund, Inc. President and Co-Portfolio Manager Murray Stahl, a more than 10% owner, reported open-market purchases of a total of 1,134 shares of common stock on March 16, 2026 at $3.05 per share. After the trades, he held 155,294 shares directly, with additional indirect holdings through his spouse and several related entities, for which he disclaims beneficial ownership except for any 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

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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)
03/16/2026

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	03/16/2026		P		360	A	$3.05	155,294	D
Common Stock	03/16/2026		P		18	A	$3.05	5,714(1)	I	Spouse
Common Stock	03/16/2026		P		180	A	$3.05	135,408(1)(2)	I	Fromex Equity Corp.
Common Stock	03/16/2026		P		180	A	$3.05	320,660(1)(2)	I	FRMO Corp.
Common Stock	03/16/2026		P		296	A	$3.05	363,418(1)(2)	I	Horizon Common Inc.
Common Stock	03/16/2026		P		18	A	$3.05	11,790(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	03/16/2026		P		82	A	$3.05	67,368(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 155,294 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	03/17/2026
	** 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).
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FAQ

What insider transaction did RENN Fund (RCG) report on this Form 4?

RENN Fund reported that Murray Stahl executed several open-market purchases of common stock. He and related accounts bought a combined 1,134 shares at a price of $3.05 per share on March 16, 2026, according to the Form 4 data.

Who is Murray Stahl in relation to RENN Fund (RCG)?

Murray Stahl is identified as President and Co-Portfolio Manager of RENN Fund and is also a more than 10% owner. His senior management role and sizable ownership stake mean his trading activity is subject to Form 4 reporting requirements.

How many RENN Fund (RCG) shares did Murray Stahl buy and at what price?

The Form 4 shows aggregate purchases of 1,134 shares of RENN Fund common stock. All reported transactions occurred at a price of $3.05 per share on March 16, 2026, reflecting open-market purchases rather than option exercises or other derivative activity.

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

Following the reported purchases, Murray Stahl directly held 155,294 shares of RENN Fund common stock. This figure excludes any shares held indirectly through his spouse or affiliated entities, which are reported separately on the Form 4.

What indirect RENN Fund (RCG) holdings are associated with Murray Stahl?

Indirect holdings are reported through his spouse and entities such as Fromex Equity Corp., FRMO Corp., Horizon Common Inc., and Horizon Kinetics-related LLCs. The footnotes state he disclaims beneficial ownership of these indirect accounts except to the extent of any pecuniary interest.

Were any RENN Fund (RCG) shares sold in this Form 4 filing?

No sales were reported. The Form 4 transaction summary shows seven open-market purchase transactions totaling 1,134 shares and indicates a net-buy direction, with zero shares listed as sold or disposed of in this filing.