RENN Fund (RCG) president and affiliates buy 1,134 common shares

Rhea-AI Filing Summary

RENN Fund, Inc. President and 10% owner Murray Stahl reported open-market purchases of a total of 1,134 shares of RENN Fund common stock at $2.90 per share on March 5, 2026. This includes 360 shares bought directly and additional shares bought indirectly through his spouse and several related entities, where he disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

Insider Trade Summary

Net Buyer: 1,134 shares ($3,289)

Net Buy 7 txns

Insider STAHL MURRAY

Role President/Co-Portfolio Manager

Bought 1,134 shs ($3K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	360	$2.90	$1K
Purchase	Common Stock	18	$2.90	$52.20
Purchase	Common Stock	180	$2.90	$522.00
Purchase	Common Stock	180	$2.90	$522.00
Purchase	Common Stock	296	$2.90	$858.40
Purchase	Common Stock	18	$2.90	$52.20
Purchase	Common Stock	82	$2.90	$237.80

Holdings After Transaction: Common Stock — 152,774 shares (Direct); Common Stock — 5,588 shares (Indirect, Spouse)

Footnotes (1)

1. This figure does not include 152,774 shares held directly by Mr. Stahl. For each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/06/2026 - 01:09 PM Learn about SEC filing dates

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 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)
03/05/2026

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	03/05/2026		P		360	A	$2.9	152,774	D
Common Stock	03/05/2026		P		18	A	$2.9	5,588(1)	I	Spouse
Common Stock	03/05/2026		P		180	A	$2.9	134,148(1)(2)	I	Fromex Equity Corp.
Common Stock	03/05/2026		P		180	A	$2.9	319,400(1)(2)	I	FRMO Corp.
Common Stock	03/05/2026		P		296	A	$2.9	361,346(1)(2)	I	Horizon Common Inc.
Common Stock	03/05/2026		P		18	A	$2.9	11,664(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	03/05/2026		P		82	A	$2.9	66,794(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 152,774 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	03/06/2026
	** 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 did Murray Stahl report in this RENN Fund (RCG) Form 4 filing?

Murray Stahl reported buying a total of 1,134 shares of RENN Fund common stock at $2.90 per share on March 5, 2026. The transactions include both direct holdings and indirect holdings through his spouse and related entities.

How many RENN Fund (RCG) shares did Murray Stahl buy directly and indirectly?

He bought 360 RENN Fund common shares in his direct account and 774 shares indirectly. The indirect purchases were made through his spouse and several entities associated with him, as detailed in the ownership descriptions in the filing.

What was the purchase price for the RENN Fund (RCG) shares in this Form 4?

All reported purchases of RENN Fund common stock were made at $2.90 per share on March 5, 2026. Each of the seven transactions lists the same per-share purchase price, reflecting open-market or private purchase activity at that level.

Which accounts or entities are involved in Murray Stahl’s indirect RENN Fund (RCG) holdings?

Indirect holdings are reported through his spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Each is listed as an indirect owner of RENN Fund common stock in the Form 4.

What ownership disclaimer does Murray Stahl make about his indirect RENN Fund (RCG) holdings?

He disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest, if any. This language clarifies that economic interest, rather than full beneficial ownership, determines his relationship to those indirectly held RENN Fund shares.

How many RENN Fund (RCG) shares does Murray Stahl hold directly after these transactions?

After the March 5, 2026 purchases, Murray Stahl’s direct holdings total 152,774 RENN Fund common shares. A footnote explains that this direct figure is separate from the shares held in the various indirect accounts associated with him.