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

Rhea-AI Filing Summary

RENN Fund, Inc. insider trading report: A company officer and director, who also serves as President and Co-Portfolio Manager, reported multiple open-market purchases of RENN Fund common stock on 12/08/2025 at a price of $2.63 per share. The transactions include direct and indirect purchases coded as P for acquisitions.

Following these trades, the reporting person beneficially owned 131,534 shares of RENN Fund common stock directly. In addition, various indirect accounts reflected holdings such as 308,780 shares through FRMO CORP and 123,528 shares through FROMEX EQUITY CORP, as well as smaller positions held by a spouse and affiliated entities. The reporting person disclaims beneficial ownership of the indirect holdings except to the extent of any pecuniary interest.

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)

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)
12/08/2025

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	12/08/2025		P		360	A	$2.63	131,534	D
Common Stock	12/08/2025		P		18	A	$2.63	4,526(1)	I	SPOUSE
Common Stock	12/08/2025		P		180	A	$2.63	123,528(1)(2)	I	FROMEX EQUITY CORP
Common Stock	12/08/2025		P		180	A	$2.63	308,780(1)(2)	I	FRMO CORP
Common Stock	12/08/2025		P		296	A	$2.63	343,882(1)(2)	I	HORIZON COMMON INC.
Common Stock	12/08/2025		P		18	A	$2.63	10,602(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	12/08/2025		P		82	A	$2.63	61,956(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 131,534 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	12/09/2025
	** 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).
** 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) disclose in this Form 4?

The filing reports that a RENN Fund officer and director made multiple open-market purchases of RENN Fund, Inc. common stock on 12/08/2025, all at a price of $2.63 per share.

What is the reporting person’s role at RENN Fund (RCG)?

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

How many RENN Fund (RCG) shares does the insider own directly after the transactions?

After the reported trades, the insider beneficially owned 131,534 shares of RENN Fund common stock in a direct holding.

What indirect RENN Fund (RCG) holdings are reported for the insider?

The filing lists several indirect holdings, including 308,780 shares through FRMO CORP and 123,528 shares through FROMEX EQUITY CORP, along with smaller positions held via a spouse and other affiliated entities.

Does the insider claim full beneficial ownership of all indirect RENN Fund (RCG) shares?

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

What transaction code is used for the RENN Fund (RCG) insider trades?

The trades are reported with transaction code P, which indicates open-market or private purchases of RENN Fund common stock.