Murray Stahl adds modest 1.1K RCG shares, total holding now 862K

Rhea-AI Filing Summary

RENN Fund (NYSE:RCG) filed a routine Form 4 disclosing small open-market purchases by President, Director and 10% owner Murray Stahl on 06/23/2025.

The insider acquired a total of 1,112 common shares at an average price of $2.66, spread across his direct account (356 shares) and six affiliated or spousal accounts (756 shares). After the transactions, Stahl’s combined direct and indirect beneficial ownership stands at roughly 862,474 shares. No shares were sold and no derivative securities were involved.

The ~$3,000 purchase value represents less than 1% of his existing position and does not materially alter the company’s ownership structure or financial outlook.

Insider Trade Summary

Net Buyer: 1,112 shares ($2,958)

Net Buy 7 txns

Insider STAHL MURRAY

Role President

Bought 1,112 shs ($3K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	356	$2.66	$946.96
Purchase	Common Stock	18	$2.66	$47.88
Purchase	Common Stock	180	$2.66	$478.80
Purchase	Common Stock	180	$2.66	$478.80
Purchase	Common Stock	278	$2.66	$739.48
Purchase	Common Stock	18	$2.66	$47.88
Purchase	Common Stock	82	$2.66	$218.12

Holdings After Transaction: Common Stock — 89,610 shares (Direct); Common Stock — 2,420 shares (Indirect, SPOUSE)

Footnotes (1)

1. This figure does not include 89,610 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)

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)	X	Other (specify below)
	President		Co-Portfolio Manager

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

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	06/23/2025		P		356	A	$2.66	89,610	D
Common Stock	06/23/2025		P		18	A	$2.66	2,420(1)	I	SPOUSE
Common Stock	06/23/2025		P		180	A	$2.66	102,468(1)(2)	I	FROMEX EQUITY CORP
Common Stock	06/23/2025		P		180	A	$2.66	287,720(1)(2)	I	FRMO CORP
Common Stock	06/23/2025		P		278	A	$2.66	309,414(1)(2)	I	HORIZON COMMON INC.
Common Stock	06/23/2025		P		18	A	$2.66	8,496(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	06/23/2025		P		82	A	$2.66	52,346(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 89,610 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	06/24/2025
	** 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

How many RCG shares did insider Murray Stahl purchase on June 23 2025?

The Form 4 reports that Stahl bought 1,112 shares of RENN Fund common stock at $2.66 each.

What is Murray Stahl’s total RCG ownership after the reported trades?

Following these transactions, Stahl beneficially owns approximately 862,474 RCG shares across direct and affiliated accounts.