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

RENN Fund, Inc. (RCG) insider activity: On 11/06/2025, officer (President/Co‑Portfolio Manager) Mr. Stahl reported open‑market purchases of common stock at $2.61 per share (transaction code P) across direct and indirect accounts.

Rhea-AI Filing Summary

RENN Fund, Inc. (RCG) insider activity: On 11/06/2025, officer (President/Co‑Portfolio Manager) Mr. Stahl reported open‑market purchases of common stock at $2.61 per share (transaction code P) across direct and indirect accounts.

Examples include 360 shares acquired directly and indirect buys such as 296 shares via FRMO Corp and 180 shares via FROMEX Equity Corp. Following these transactions, beneficial ownership stood at 123,974 shares direct, and indirect positions included 4,148 shares (spouse), 119,748 shares (FROMEX Equity Corp), 305,000 shares (FRMO Corp), 337,666 shares (Horizon Common Inc.), 10,224 shares (Horizon Common Inc.), and 60,234 shares (Horizon Kinetics Asset Management LLC), as reported.

Insider Trade Summary

Net Buyer: 1,134 shares

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	$2.61	$939.60
Purchase	Common Stock	18	$2.61	$46.98
Purchase	Common Stock	180	$2.61	$469.80
Purchase	Common Stock	180	$2.61	$469.80
Purchase	Common Stock	296	$2.61	$772.56
Purchase	Common Stock	18	$2.61	$46.98
Purchase	Common Stock	82	$2.61	$214.02

Holdings After Transaction: Common Stock — 123,974 shares (Direct); Common Stock — 4,148 shares (Indirect, SPOUSE); Common Stock — 119,748 shares (Indirect, FROMEX EQUITY CORP); Common Stock — 305,000 shares (Indirect, FRMO CORP); Common Stock — 337,666 shares (Indirect, HORIZON COMMON INC.); Common Stock — 10,224 shares (Indirect, Horizon Kinetics Hard Assets LLC); Common Stock — 60,234 shares (Indirect, HORIZON KINETICS ASSET MANAGEMENT LLC)

Footnotes (2)

1. F1. This figure does not include 123,974 shares held directly by Mr. Stahl.
2. F2. For each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

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Accepted by SEC EDGAR 11/07/2025 - 12:50 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)

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)
11/06/2025

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	11/06/2025		P		360	A	$2.61	123,974	D
Common Stock	11/06/2025		P		18	A	$2.61	4,148(1)	I	SPOUSE
Common Stock	11/06/2025		P		180	A	$2.61	119,748(1)(2)	I	FROMEX EQUITY CORP
Common Stock	11/06/2025		P		180	A	$2.61	305,000(1)(2)	I	FRMO CORP
Common Stock	11/06/2025		P		296	A	$2.61	337,666(1)(2)	I	HORIZON COMMON INC.
Common Stock	11/06/2025		P		18	A	$2.61	10,224(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	11/06/2025		P		82	A	$2.61	60,234(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 123,974 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	11/07/2025
	** 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.
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