RENN Fund, Inc. (NYSE: RCG) officer reports insider stock purchases at $2.55

Rhea-AI Filing Summary

RENN Fund, Inc. reported insider share purchases by an officer on 11/26/2025. President and Co-Portfolio Manager Mr. Stahl bought multiple small blocks of RENN Fund common stock at $2.55 per share across several accounts.

Directly, he acquired 360 shares, bringing his direct holdings to 129,014 shares18 shares in a spouse account and 296 shares in an entity account, each also at $2.55 per share. The filing notes that for each indirect account he disclaims beneficial ownership beyond his pecuniary interest, and that the indirect figures do not include the 129,014 shares he holds directly.

11/28/2025 - 11:35 AM

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

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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)

470 PARK AVENUE SOUTH

4TH FLOOR SOUTH

(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)
11/26/2025

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	11/26/2025		P		360	A	$2.55	129,014	D
Common Stock	11/26/2025		P		18	A	$2.55	4,400(1)	I	SPOUSE
Common Stock	11/26/2025		P		180	A	$2.55	122,268(1)(2)	I	FROMEX EQUITY CORP
Common Stock	11/26/2025		P		180	A	$2.55	307,520(1)(2)	I	FRMO CORP
Common Stock	11/26/2025		P		296	A	$2.55	341,810(1)(2)	I	HORIZON COMMON INC.
Common Stock	11/26/2025		P		18	A	$2.55	10,476(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	11/26/2025		P		82	A	$2.55	61,382(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 129,014 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	11/28/2025
	** 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).
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FAQ

What insider transaction did RENN Fund, Inc. (RCG) report?

The company reported that President and Co-Portfolio Manager Mr. Stahl purchased multiple blocks of RENN Fund, Inc. common stock on 11/26/2025 at $2.55 per share across direct and indirect accounts.

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

All reported transactions in the filing show RENN Fund common stock purchased at a price of $2.55 per share on 11/26/2025.

How many RENN Fund (RCG) shares does Mr. Stahl hold directly after the transactions?

After the reported transactions, Mr. Stahl directly holds 129,014 shares of RENN Fund, Inc. common stock, separate from the various indirect holdings listed.

What is Mr. Stahl’s role at RENN Fund, Inc. (RCG)?

Mr. Stahl is identified as an officer of RENN Fund, Inc., serving as President/Co-Portfolio Manager, and he is a reporting person for these insider transactions.

How are Mr. Stahl’s indirect RENN Fund (RCG) holdings treated in the filing?

The filing lists RENN Fund common stock held in several indirect accounts, including a spouse account and entities such as FROMEX EQUITY CORP, FRMO CORP, HORIZON COMMON INC., and Horizon Kinetics Hard Assets LLC. It states that Mr. Stahl disclaims beneficial ownership of these holdings except to the extent of his pecuniary interest, if any.

What type of SEC form did RENN Fund, Inc. (RCG) file for this insider activity?

The activity was reported on an SEC Form 4, which discloses changes in the ownership of equity securities by directors, officers, and certain large shareholders.