Were Murray Stahl's RENN Fund (RCG) purchases direct or through related entities?

The transactions included both direct and indirect purchases. He acquired 360 shares directly, while additional shares were bought in accounts held by his spouse and entities such as Fromex Equity Corp., FRMO Corp., Horizon Common Inc., and Horizon Kinetics entities, where he disclaims full beneficial ownership.

RENN Fund insider buys 1,134 shares at $3.27

RENN Fund, Inc. President and Co-Portfolio Manager Murray Stahl, a more than 10% owner, reported open-market purchases of common stock.

Accepted by SEC EDGAR 03/18/2026 - 03:53 PM EDT

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Form Type

Rhea-AI Filing Summary

RENN Fund, Inc. President and Co-Portfolio Manager Murray Stahl, a more than 10% owner, reported open-market purchases of common stock. On March 17, 2026, he bought a total of 1,134 shares at $3.27 per share. This included 360 shares held directly and several smaller purchases through his spouse and affiliated entities, where he disclaims beneficial ownership except to the extent of any pecuniary interest.

Insider Trade Summary

Net Buyer: 1,134 shares

Net Buy 7 txns

Insider STAHL MURRAY

Role President/Co-Portfolio Manager

Bought 1,134 shs ($4K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	360	$3.27	$1K
Purchase	Common Stock	18	$3.27	$58.86
Purchase	Common Stock	180	$3.27	$588.60
Purchase	Common Stock	180	$3.27	$588.60
Purchase	Common Stock	296	$3.27	$967.92
Purchase	Common Stock	18	$3.27	$58.86
Purchase	Common Stock	82	$3.27	$268.14

Holdings After Transaction: Common Stock — 155,654 shares (Direct); Common Stock — 5,732 shares (Indirect, Spouse); Common Stock — 135,588 shares (Indirect, Fromex Equity Corp.); Common Stock — 320,840 shares (Indirect, FRMO Corp.); Common Stock — 363,714 shares (Indirect, Horizon Common Inc.); Common Stock — 11,808 shares (Indirect, Horizon Kinetics Hard Assets LLC); Common Stock — 67,450 shares (Indirect, Horizon Kinetics Asset Management LLC)

Footnotes (2)

F1. This figure does not include 155,654 shares held directly by Mr. Stahl.
F2. For each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

FAQ

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What did Murray Stahl report in his latest RENN Fund (RCG) Form 4 filing?

Murray Stahl reported multiple open-market purchases of RENN Fund, Inc. common stock. On March 17, 2026, he and related accounts acquired a combined 1,134 shares at $3.27 per share, including both direct holdings and indirect positions through his spouse and affiliated entities.

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

He reported buying a total of 1,134 RENN Fund common shares. All transactions on March 17, 2026 were open-market purchases at a price of $3.27 per share, spread across his direct account and several indirect accounts linked to his spouse and affiliated entities.

What are Murray Stahl’s direct RENN Fund (RCG) holdings after the reported transactions?

Following the March 17, 2026 purchases, his direct RENN Fund holding stands at 155,654 common shares. This figure reflects only the shares registered in his own name and does not include any positions held indirectly through spouse or affiliated entities.

How do the indirect RENN Fund (RCG) holdings linked to Murray Stahl change after these trades?

Post-transaction, indirect accounts show holdings including 5,732 shares in a spouse account, 135,588 in Fromex Equity Corp., 320,840 in FRMO Corp., 363,714 in Horizon Common Inc., 11,808 in Horizon Kinetics Hard Assets LLC, and 67,450 in Horizon Kinetics Asset Management LLC, with beneficial ownership disclaimed except for any pecuniary interest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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

10016

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/17/2026		P		360	A	$3.27	155,654	D
Common Stock	03/17/2026		P		18	A	$3.27	5,732⁽¹⁾	I	Spouse
Common Stock	03/17/2026		P		180	A	$3.27	135,588⁽¹⁾⁽²⁾	I	Fromex Equity Corp.
Common Stock	03/17/2026		P		180	A	$3.27	320,840⁽¹⁾⁽²⁾	I	FRMO Corp.
Common Stock	03/17/2026		P		296	A	$3.27	363,714⁽¹⁾⁽²⁾	I	Horizon Common Inc.
Common Stock	03/17/2026		P		18	A	$3.27	11,808⁽¹⁾⁽²⁾	I	Horizon Kinetics Hard Assets LLC
Common Stock	03/17/2026		P		82	A	$3.27	67,450⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This figure does not include 155,654 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	03/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR