Murray Stahl (RCG) adds 1,134 RENN Fund shares across direct and indirect accounts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RENN Fund, Inc. President and Co-Portfolio Manager Murray Stahl, a more than ten percent owner, reported open-market purchases of a total of 1,134 shares of RENN Fund common stock at a price of $3.05 per share.
The purchases included 360 shares held directly and multiple smaller lots through indirect accounts such as a spouse and entities including Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Following these trades, examples of reported positions include 160,328 shares held directly and 367,562 shares held indirectly through Horizon Common Inc.
Footnotes state that these indirect figures exclude 160,328 directly held shares and that Mr. Stahl disclaims beneficial ownership in each indirect account except to the extent of his pecuniary interest, if any.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,134 shares ($3,459)
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 | $3.05 | $1K |
| Purchase | Common Stock | 18 | $3.05 | $54.90 |
| Purchase | Common Stock | 180 | $3.05 | $549.00 |
| Purchase | Common Stock | 180 | $3.05 | $549.00 |
| Purchase | Common Stock | 296 | $3.05 | $902.80 |
| Purchase | Common Stock | 18 | $3.05 | $54.90 |
| Purchase | Common Stock | 82 | $3.05 | $250.10 |
Holdings After Transaction:
Common Stock — 160,328 shares (Direct);
Common Stock — 5,966 shares (Indirect, Spouse)
Footnotes (1)
- This figure does not include 160,328 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.
Key Figures
Total shares bought: 1,134 shares
Purchase price: $3.05 per share
Direct holdings after trade: 160,328 shares
+4 more
7 metrics
Total shares bought
1,134 shares
Open-market purchases of RENN Fund common stock on April 6, 2026
Purchase price
$3.05 per share
Price for each common share bought on April 6, 2026
Direct holdings after trade
160,328 shares
Common stock directly held by Murray Stahl following purchases
Horizon Common Inc. holdings
367,562 shares
Indirect RENN Fund common shares reported via Horizon Common Inc.
FRMO Corp. holdings
323,180 shares
Indirect RENN Fund common shares reported via FRMO Corp.
Fromex Equity Corp. holdings
137,928 shares
Indirect RENN Fund common shares reported via Fromex Equity Corp.
Horizon Kinetics AM LLC holdings
68,516 shares
Indirect RENN Fund common shares via Horizon Kinetics Asset Management LLC
Key Terms
open-market purchase, beneficial ownership, pecuniary interest, indirect ownership, +1 more
5 terms
open-market purchase financial
"Each transaction is described as an open-market purchase of common stock."
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
beneficial ownership financial
"Mr. Stahl disclaims beneficial ownership for each indirect account except for any pecuniary interest."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"He disclaims beneficial ownership except to the extent of his pecuniary interest, if any."
indirect ownership financial
"Several transactions are coded as indirect ownership through spouse and corporate entities."
Form 4 regulatory
"The insider transactions are disclosed in a Form 4 filing for RENN Fund, Inc."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transactions did Murray Stahl report for RENN Fund (RCG)?
Murray Stahl reported open-market purchases of 1,134 shares of RENN Fund common stock. The trades occurred on April 6, 2026 at $3.05 per share, split between directly held shares and several indirect accounts associated with entities and a spouse.
Which indirect accounts were involved in Murray Stahl’s RENN Fund (RCG) purchases?
Indirect purchases were reported for accounts labeled Spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Stahl reports these as indirect holdings and disclaims beneficial ownership beyond any pecuniary interest.
Were Murray Stahl’s RENN Fund (RCG) trades open-market purchases?
Yes. Each reported transaction is coded "P" and described as an open-market or private purchase. The filing specifies they are non-derivative common stock transactions at $3.05 per share, indicating straightforward buying activity rather than option exercises or other derivative-related events.