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

Murray Stahl adds RENN Fund (RCG) shares through direct and indirect buys

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

RENN Fund, Inc. President, Co-Portfolio Manager and 10% owner Murray Stahl reported multiple open-market purchases of the company’s common stock on February 6, 2026 at $2.70 per share.

He bought 360 shares directly, bringing his direct holdings to 146,294 shares

Positive

  • None.

Negative

  • None.
Insider STAHL MURRAY
Role President/Co-Portfolio Manager
Bought 1,134 shs ($3K)
Type Security Shares Price Value
Purchase Common Stock 360 $2.70 $972.00
Purchase Common Stock 18 $2.70 $48.60
Purchase Common Stock 180 $2.70 $486.00
Purchase Common Stock 180 $2.70 $486.00
Purchase Common Stock 296 $2.70 $799.20
Purchase Common Stock 18 $2.70 $48.60
Purchase Common Stock 82 $2.70 $221.40
Holdings After Transaction: Common Stock — 146,294 shares (Direct); Common Stock — 5,264 shares (Indirect, Spouse)
Footnotes (1)
  1. This figure does not include 146,294 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.
Form 4 Insider Transactions: What Each Field Means →
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)
02/06/2026
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 02/06/2026 P 360 A $2.7 146,294 D
Common Stock 02/06/2026 P 18 A $2.7 5,264(1) I Spouse
Common Stock 02/06/2026 P 180 A $2.7 130,908(1)(2) I Fromex Equity Corp.
Common Stock 02/06/2026 P 180 A $2.7 316,160(1)(2) I FRMO Corp.
Common Stock 02/06/2026 P 296 A $2.7 356,018(1)(2) I Horizon Common Inc.
Common Stock 02/06/2026 P 18 A $2.7 11,340(1)(2) I Horizon Kinetics Hard Assets LLC
Common Stock 02/06/2026 P 82 A $2.7 65,318(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 146,294 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 02/09/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Murray Stahl report for RENN Fund (RCG)?

Murray Stahl reported buying RENN Fund common stock on February 6, 2026 at $2.70 per share. The Form 4 shows one direct purchase and several indirect purchases through his spouse and affiliated entities, increasing reported holdings across these accounts.

How many RENN Fund (RCG) shares does Murray Stahl now hold directly?

After the reported February 6, 2026 transaction, Murray Stahl holds 146,294 RENN Fund common shares directly. This figure excludes additional indirect holdings reported through his spouse and several entities where he disclaims beneficial ownership beyond any pecuniary interest.

At what price were the RENN Fund (RCG) insider purchases executed?

All reported transactions on February 6, 2026 were purchases of RENN Fund common stock at $2.70 per share. This per-share price applies to Stahl’s direct acquisition and each of the indirect acquisitions reported for his spouse and affiliated entities.

Which entities are associated with Murray Stahl’s indirect RENN Fund (RCG) holdings?

Indirect holdings are reported through his spouse and entities named Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Stahl disclaims beneficial ownership in each indirect account except for any pecuniary interest.

What role does Murray Stahl hold at RENN Fund (RCG)?

Murray Stahl is reported as President and Co-Portfolio Manager of RENN Fund and is also a 10% owner. These roles, combined with his direct and indirect share positions, reflect a significant insider relationship with the closed-end fund.

What does Stahl’s disclaimer of beneficial ownership for RENN Fund (RCG) mean?

Stahl states that for each indirect account he disclaims beneficial ownership except to the extent of his pecuniary interest. This means he does not concede full economic ownership of those indirect holdings beyond any financial interest he may have in those entities.