[Form 4] RENN Fund, Inc. Insider Trading Activity
Stahl Murray, a director and President/Co-Portfolio Manager of RENN Fund, Inc. (RCG), reported multiple purchases on 09/11/2025 at $2.65 per share. The Form 4 shows a total of 1,134 shares acquired across seven purchase entries. Following these transactions Mr. Stahl is shown with 109,586 shares held directly and several indirect holdings reported in accounts (spouse and affiliated entities) totaling 806,070 shares, producing 915,656 shares reported as beneficially owned when combining direct and reported indirect amounts. The filing includes a disclaimer that Mr. Stahl disclaims beneficial ownership of indirect accounts except to the extent of any pecuniary interest.
Stahl Murray, amministratore e Presidente/Co-Gestionario di portafoglio di RENN Fund, Inc. (RCG), ha segnalato diverse acquisizioni il 11/09/2025 al prezzo di $2,65 per azione. Il Modulo 4 riporta un totale di 1.134 azioni acquistate attraverso sette operazioni. Dopo tali transazioni, Murray risulta possedere direttamente 109.586 azioni, con diverse partecipazioni indirette segnalate in conti (coniuge e entità affiliate) per un totale di 806.070 azioni, che sommati alle quantità dirette danno 915.656 azioni considerate proprietà beneficiaria quando si sommano importi diretti e indiretti riportati. La dichiarazione include una clausola di esenzione secondo cui Stahl rinuncia alla proprietà benefica dei conti indiretti, salvo il necessario interesse pecuniario.
Stahl Murray, director y Presidente/Co-Gestor de carteras de RENN Fund, Inc. (RCG), informó de varias compras el 11/09/2025 a un precio de $2,65 por acción. El Formulario 4 indica un total de 1.134 acciones adquiridas en siete operaciones. Tras estas transacciones, se muestra que Murray posee directamente 109.586 acciones, y existen participaciones indirectas reportadas en cuentas (cónyuge y entidades afiliadas) que suman 806.070 acciones, lo que, al combinarse con las cantidades directas, da un total de 915.656 acciones reportadas como poseídas de forma beneficiosa. La presentación incluye una cláusula que indica que el Sr. Murray renuncia a la propiedad beneficiosa de las cuentas indirectas, salvo hasta el alcance de cualquier interés pecuniario.
Stahl Murray는 RENN Fund, Inc. (RCG)의 이사이자 회장/공동 포트폴리오 매니저로서 2025년 9월 11일에 주당 $2.65에 여러 차례 매수를 보고했습니다. Form 4에는 7건의 거래로 총 1,134주를 취득한 것으로 기재되어 있습니다. 이 거래들 후 스탈은 직접 보유한 주식이 109,586주이며, 배우자 및 제휴 엔티티가 포함된 계좌에 보고된 간접 보유가 806,070주로 합산되어, 직접 및 간접 보유액을 합산한 915,656주가 유익하게 소유된 것으로 보고됩니다. 제출에는 간접 계좌에 대한 유익 소유권을 포기한다는 면책 조항이 포함되어 있습니다(오로지 어떠한 재정적 이해관계가 있을 때만 예외).
Stahl Murray, administrateur et Président/Co-Gestionnaire de portefeuille de RENN Fund, Inc. (RCG), a déclaré plusieurs achats le 11/09/2025 à 2,65 dollars par action. Le formulaire 4 indique un total de 1 134 actions acquises sur sept opérations. À la suite de ces transactions, il apparaît que M. Murray détient directement 109 586 actions, avec des participations indirectes rapportées dans des comptes (conjoint et entités affiliées) totalisant 806 070 actions, ce qui, en additionnant les montants directs et indirects, donne 915 656 actions considérées comme détenues de manière bénéficiaire. Le dossier précise que M. Murray renonce à la propriété bénéficiaire des comptes indirects, sauf dans la mesure d’un intérêt pécuniaire.
Stahl Murray, Direktor und Präsident/Co-Portfoliomanager von RENN Fund, Inc. (RCG), meldete am 11.09.2025 mehrere Käufe zu je 2,65 USD pro Aktie. Das Formular 4 weist insgesamt 1.134 Aktien aufgekauft in sieben Transaktionen aus. Nach diesen Transaktionen wird Herr Murray direkt mit 109.586 Aktien vermerkt, zudem gibt es mehrere indirekte Beteiligungen in Konten (Ehepartner und verbundene Einheiten) mit insgesamt 806.070 Aktien, was zusammen 915.656 Aktien ergibt, die als wirtschaftlich besitzt gemeldet werden. Die Einreichung enthält einen Haftungsausschluss, dass Herr Murray keine beherrschende Eigentümerschaft an indirekten Konten besitzt, außer in dem Maß, wie ein finanzielles Interesse besteht.
Stahl Murray، مدير ورئيس/شريك محفظة في RENN Fund, Inc. (RCG)، أبلغ عن عدة عمليات شراء في 11/09/2025 بسعر $2.65 للسهم. يُظهر النموذج 4 إجمالي 1,134 سهماً تم شراؤها عبر سبع صفقات. عقب هذه المعاملات، يظهر أن Murray يمتلك مباشرةً 109,586 سهماً، مع وجود حيازات غير مباشرة مُدرجة في الحسابات (الزوج والكيانات المرتبطة) بمجموع 806,070 سهماً، ليصل الإجمالي إلى 915,656 سهماً مُبلغاً عنها كمملوكة بشكل ذي فائدة عند جمع الأعداد المباشرة وغير المباشرة. تحتوي العريضة على إخلاء مسؤولية بأن Murray يتنصل من ملكية حقيقية للحسابات غير المباشرة ما لم يكن هناك مصلحة مالية.
Stahl Murray，是 RENN Fund, Inc.（RCG）的董事及董事長/共同投資組合經理，於 2025-09-11 以每股 $2.65 的價格進行了多筆買入。Form 4 顯示共購入 1,134 股，分七筆交易完成。在這些交易之後，Murray 的直接持股為 109,586 股，並且在配偶及關聯實體的帳戶中報告的間接持股合計為 806,070 股，合計為 915,656 股的受益所有權，當直接與間接持股相加時即為相關報告。申報中附有聲明，Murray 對間接帳戶的受益所有權不予主張，除非存在任何經濟利益。
- Insider purchases recorded: 1,134 shares acquired on 09/11/2025 at $2.65 per share
- Large reported aggregate stake: combined direct and reported indirect holdings total 915,656 shares as shown on the form
- No derivative or sale activity reported on this Form 4, indicating net accumulation on the filing date
- Indirect holdings disclaimed: the filer disclaims beneficial ownership of indirect accounts except to the extent of any pecuniary interest, reducing clarity on control
- Transaction size is small relative to aggregate reported holdings, limiting potential market impact
Insights
TL;DR Insider purchases of 1,134 shares at $2.65 increase reported stake; transactions are modest relative to reported indirect holdings.
The Form 4 documents opportunistic purchases by a senior insider on a single day at $2.65 per share totaling 1,134 shares. While the incremental buy is small versus the aggregate reported holdings (direct plus indirect sum to 915,656 shares), it signals insider acquisition rather than disposal. The report is routine in structure and lacks derivative activity. For market impact, the absolute transaction size is minor versus the reported aggregate position, so price-moving implications are limited.
TL;DR Director and officer disclosed purchases and extensive indirect holdings; disclosure contains standard beneficial-ownership disclaimers.
The filing combines direct ownership, multiple indirect accounts (spouse and affiliated entities), and a clear disclaimer that the reporting person disclaims beneficial ownership of certain indirect accounts except for any pecuniary interest. This is a common governance disclosure to clarify legal vs. economic ownership. The absence of amendments, option exercises, or sales keeps the disclosure straightforward. Documentation appears complete for the reported transactions and signature via attorney-in-fact is included.
Stahl Murray, amministratore e Presidente/Co-Gestionario di portafoglio di RENN Fund, Inc. (RCG), ha segnalato diverse acquisizioni il 11/09/2025 al prezzo di $2,65 per azione. Il Modulo 4 riporta un totale di 1.134 azioni acquistate attraverso sette operazioni. Dopo tali transazioni, Murray risulta possedere direttamente 109.586 azioni, con diverse partecipazioni indirette segnalate in conti (coniuge e entità affiliate) per un totale di 806.070 azioni, che sommati alle quantità dirette danno 915.656 azioni considerate proprietà beneficiaria quando si sommano importi diretti e indiretti riportati. La dichiarazione include una clausola di esenzione secondo cui Stahl rinuncia alla proprietà benefica dei conti indiretti, salvo il necessario interesse pecuniario.
Stahl Murray, director y Presidente/Co-Gestor de carteras de RENN Fund, Inc. (RCG), informó de varias compras el 11/09/2025 a un precio de $2,65 por acción. El Formulario 4 indica un total de 1.134 acciones adquiridas en siete operaciones. Tras estas transacciones, se muestra que Murray posee directamente 109.586 acciones, y existen participaciones indirectas reportadas en cuentas (cónyuge y entidades afiliadas) que suman 806.070 acciones, lo que, al combinarse con las cantidades directas, da un total de 915.656 acciones reportadas como poseídas de forma beneficiosa. La presentación incluye una cláusula que indica que el Sr. Murray renuncia a la propiedad beneficiosa de las cuentas indirectas, salvo hasta el alcance de cualquier interés pecuniario.
Stahl Murray는 RENN Fund, Inc. (RCG)의 이사이자 회장/공동 포트폴리오 매니저로서 2025년 9월 11일에 주당 $2.65에 여러 차례 매수를 보고했습니다. Form 4에는 7건의 거래로 총 1,134주를 취득한 것으로 기재되어 있습니다. 이 거래들 후 스탈은 직접 보유한 주식이 109,586주이며, 배우자 및 제휴 엔티티가 포함된 계좌에 보고된 간접 보유가 806,070주로 합산되어, 직접 및 간접 보유액을 합산한 915,656주가 유익하게 소유된 것으로 보고됩니다. 제출에는 간접 계좌에 대한 유익 소유권을 포기한다는 면책 조항이 포함되어 있습니다(오로지 어떠한 재정적 이해관계가 있을 때만 예외).
Stahl Murray, administrateur et Président/Co-Gestionnaire de portefeuille de RENN Fund, Inc. (RCG), a déclaré plusieurs achats le 11/09/2025 à 2,65 dollars par action. Le formulaire 4 indique un total de 1 134 actions acquises sur sept opérations. À la suite de ces transactions, il apparaît que M. Murray détient directement 109 586 actions, avec des participations indirectes rapportées dans des comptes (conjoint et entités affiliées) totalisant 806 070 actions, ce qui, en additionnant les montants directs et indirects, donne 915 656 actions considérées comme détenues de manière bénéficiaire. Le dossier précise que M. Murray renonce à la propriété bénéficiaire des comptes indirects, sauf dans la mesure d’un intérêt pécuniaire.
Stahl Murray, Direktor und Präsident/Co-Portfoliomanager von RENN Fund, Inc. (RCG), meldete am 11.09.2025 mehrere Käufe zu je 2,65 USD pro Aktie. Das Formular 4 weist insgesamt 1.134 Aktien aufgekauft in sieben Transaktionen aus. Nach diesen Transaktionen wird Herr Murray direkt mit 109.586 Aktien vermerkt, zudem gibt es mehrere indirekte Beteiligungen in Konten (Ehepartner und verbundene Einheiten) mit insgesamt 806.070 Aktien, was zusammen 915.656 Aktien ergibt, die als wirtschaftlich besitzt gemeldet werden. Die Einreichung enthält einen Haftungsausschluss, dass Herr Murray keine beherrschende Eigentümerschaft an indirekten Konten besitzt, außer in dem Maß, wie ein finanzielles Interesse besteht.
FAQ
What did Stahl Murray report on the RCG Form 4 dated 09/11/2025?
How many shares does Stahl Murray report owning after the transactions?
Were any derivative securities reported in this Form 4 for RCG?
Does the filing indicate a change in control or a sale of shares?
Who signed the Form 4 for Stahl Murray?
