RENN Fund, Inc. Insider Trading Activity

RENN Fund, Inc. president, co-portfolio manager and director Mr. Stahl reported open-market purchases of the company’s common stock.

Accepted by SEC EDGAR 12/15/2025 - 10:36 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

RENN Fund, Inc. president, co-portfolio manager and director Mr. Stahl reported open-market purchases of the company’s common stock. On 12/12/2025 he bought 360 shares directly at $2.61 per share, bringing his direct beneficial ownership to 132,974 shares following the transactions.

On the same date, additional small purchases at $2.61 per share were made in accounts he reports indirectly, including 18 shares held by his spouse, 180 shares through Fromex Equity Corp., 180 shares through FRMO Corp., 296 shares through Horizon Common Inc., 18 shares through Horizon Kinetics Hard Assets LLC, and 82 shares through Horizon Kinetics Asset Management LLC. A footnote states he disclaims beneficial ownership of these indirect holdings except to the extent of any pecuniary interest, and no derivative security transactions were 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 — 132,974 shares (Direct); Common Stock — 4,598 shares (Indirect, SPOUSE); Common Stock — 124,248 shares (Indirect, FROMEX EQUITY CORP); Common Stock — 309,500 shares (Indirect, FRMO CORP); Common Stock — 345,066 shares (Indirect, HORIZON COMMON INC.); Common Stock — 10,674 shares (Indirect, Horizon Kinetics Hard Assets LLC); Common Stock — 62,284 shares (Indirect, HORIZON KINETICS ASSET MANAGEMENT LLC)

Footnotes (2)

1. F1. This figure does not include 132,974 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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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)
12/12/2025

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	12/12/2025		P		360	A	$2.61	132,974	D
Common Stock	12/12/2025		P		18	A	$2.61	4,598(1)	I	SPOUSE
Common Stock	12/12/2025		P		180	A	$2.61	124,248(1)(2)	I	FROMEX EQUITY CORP
Common Stock	12/12/2025		P		180	A	$2.61	309,500(1)(2)	I	FRMO CORP
Common Stock	12/12/2025		P		296	A	$2.61	345,066(1)(2)	I	HORIZON COMMON INC.
Common Stock	12/12/2025		P		18	A	$2.61	10,674(1)(2)	I	Horizon Kinetics Hard Assets LLC
Common Stock	12/12/2025		P		82	A	$2.61	62,284(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 132,974 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	12/15/2025
	** 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.