Murray Stahl and related accounts buy 1,134 RENN Fund (RCG) shares

Rhea-AI Filing Summary

RENN Fund, Inc. insider Murray Stahl, its President/Co-Portfolio Manager and a 10% owner, reported open-market purchases of the fund’s common stock. On March 4, 2026, filings show combined purchases of 1,134 common shares at $2.8800 per share.

The activity included a direct purchase of 360 shares and several indirect purchases through a spouse and entities identified as Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. After these trades, one line shows 152,414 shares held directly by Mr. Stahl, and the indirect accounts each list updated post-transaction balances.

A footnote states that Mr. Stahl’s indirect figures exclude the 152,414 directly held shares and that for each indirect account he disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

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
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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)
03/04/2026

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	03/04/2026		P		360	A	$2.88	152,414	D
Common Stock	03/04/2026		P		18	A	$2.88	5,570(1)	I	Spouse
Common Stock	03/04/2026		P		180	A	$2.88	133,968(1)(2)	I	Fromex Equity Corp.
Common Stock	03/04/2026		P		180	A	$2.88	319,220(1)(2)	I	FRMO Corp.
Common Stock	03/04/2026		P		296	A	$2.88	361,050(1)(2)	I	Horizon Common Inc.
Common Stock	03/04/2026		P		18	A	$2.88	11,646(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	03/04/2026		P		82	A	$2.88	66,712(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 152,414 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	03/05/2026
	** 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 RENN Fund (RCG) report for Murray Stahl?

RENN Fund reported that Murray Stahl and related accounts bought 1,134 common shares in open-market transactions at $2.8800 per share on March 4, 2026. The filing lists both direct holdings and several indirect accounts with updated share balances.

How many RENN Fund (RCG) shares did Murray Stahl buy directly and indirectly?

The filing shows a direct purchase of 360 common shares by Murray Stahl and additional indirect purchases across spouse and entity accounts, totaling 1,134 shares bought on March 4, 2026. Each account’s total shares following the transactions is reported separately.

At what price were the RENN Fund (RCG) insider purchases made?

All reported insider purchases were executed at a transaction price of $2.8800 per common share on March 4, 2026. This same price applies to the direct purchase and each of the indirect purchases disclosed in the Form 4 filing.

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

Indirect purchases were reported for accounts described as Spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Each entity’s post-transaction share total is provided in the disclosure.

What is Murray Stahl’s reported direct ownership in RENN Fund (RCG)?

The disclosure notes a figure of 152,414 common shares held directly by Murray Stahl after the reported transaction. This direct holding is separate from the various indirect accounts that also purchased shares on March 4, 2026.

How does the Form 4 describe Murray Stahl’s beneficial ownership of indirect RENN Fund (RCG) accounts?

A footnote states that for each indirect account, Murray Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any. This language limits how his economic interest in those indirectly held shares should be interpreted.

What role does Murray Stahl hold at RENN Fund (RCG) according to the filing?

The filing identifies Murray Stahl as an officer of RENN Fund with the title “President/Co-Portfolio Manager” and indicates he is a ten percent owner. This status, combined with the reported trades, requires disclosure of his transactions on Form 4.