[Form 4] RENN Fund, Inc. Insider Trading Activity

Rhea-AI Filing Summary

RENN Fund, Inc. reported insider share purchases by Mr. Stahl, its President/Co-Portfolio Manager and a director, in a Form 4 dated for transactions on 01/06/2026. He bought 360 shares of RENN Fund common stock directly at $2.6 per share, increasing his directly held position to 138,374 shares.

On the same date, additional small purchases at $2.6 per share were reported in several indirect accounts, including a spouse account and entities such as FROMEX EQUITY CORP, FRMO CORP, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. The filing notes that, for each indirect account, Mr. Stahl 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

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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)
01/06/2026

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	01/06/2026		P		360	A	$2.6	138,374	D
Common Stock	01/06/2026		P		18	A	$2.6	4,868(1)	I	SPOUSE
Common Stock	01/06/2026		P		180	A	$2.6	126,948(1)(2)	I	FROMEX EQUITY CORP
Common Stock	01/06/2026		P		180	A	$2.6	312,200(1)(2)	I	FRMO CORP
Common Stock	01/06/2026		P		296	A	$2.6	349,506(1)(2)	I	HORIZON COMMON INC.
Common Stock	01/06/2026		P		18	A	$2.6	10,944(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	01/06/2026		P		82	A	$2.6	63,514(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 138,374 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	01/07/2026
	** 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 transaction did RENN Fund (RCG) report on 01/06/2026?

The report shows that Mr. Stahl purchased 360 shares of RENN Fund, Inc. common stock directly on 01/06/2026 at a price of $2.6 per share.

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

Following the reported transaction on 01/06/2026, Mr. Stahl directly beneficially owned 138,374 shares of RENN Fund, Inc. common stock.

What indirect holdings were reported for Mr. Stahl in RENN Fund (RCG)?

The filing lists indirect holdings through a spouse account and several entities, including FROMEX EQUITY CORP, FRMO CORP, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.

Does Mr. Stahl claim full beneficial ownership of all indirect RENN Fund (RCG) accounts?

No. The filing states that for each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

What roles does the reporting person hold at RENN Fund (RCG)?

The reporting person is identified as a director and an officer, with the officer title given as President/Co-Portfolio Manager of RENN Fund, Inc.

Were there any derivative securities reported for RENN Fund (RCG) in this Form 4?

The section for derivative securities is included in the form, but no specific derivative transactions or holdings are listed in the provided content.