RENN Fund ord SEC Filings

RENN Fund, Inc. (RCG) – Insider Form 4 filing dated 07/01/2025

President, Director and >10% owner Murray Stahl disclosed a series of open-market purchases executed on 06/30/2025 at a uniform price of $2.65 per share. In total, 1,108 common shares were acquired across direct and multiple indirect accounts (spouse and affiliated entities). Aggregate cash outlay was roughly $2.9 thousand.

Post-transaction beneficial ownership stands at:

• 91,390 shares held directly
• 766,624 shares held indirectly through FRMO Corp, FROMEX Equity Corp, Horizon entities and spouse accounts (amounts individually itemised in the filing)

No derivative securities were reported. Stahl disclaims beneficial ownership in indirect accounts except for his pecuniary interest.

The purchases modestly increase an already sizeable position but represent <0.2 % of total reported holdings, implying symbolic confidence rather than a material capital commitment. No other corporate events, earnings data or option exercises were disclosed.

Form 4 discloses that Murray Stahl, President, Co-Portfolio Manager and 10% owner of RENN Fund, Inc. (RCG), purchased a total of 1,108 common shares on 06/27/2025 at a uniform price of $2.60 per share. The purchases were spread across his own account (356 shares) and six indirect accounts—including his spouse and several investment entities he controls—each of which added between 18 and 274 shares.

After the transactions, Stahl’s aggregate beneficial ownership stands at:

• Direct: 91,034 shares
• Spouse: 2,492 shares
• Fromex Equity Corp: 103,188 shares
• FRMO Corp: 288,440 shares
• Horizon Common Inc.: 310,510 shares
• Horizon Kinetics Hard Assets LLC: 8,568 shares
• Horizon Kinetics Asset Management LLC: 52,674 shares

Stahl expressly disclaims beneficial ownership of the indirect shares beyond his pecuniary interest. No derivative security activity was reported.

The filing signals continued insider accumulation, but the incremental share count is minor relative to Stahl’s existing holdings and RCG’s public float. Financial impact appears limited.

Murray Stahl, President and Co-Portfolio Manager of RENN Fund, reported multiple insider purchases of common stock on June 26, 2025. The transactions were executed at $2.62 per share across various affiliated entities:

• 356 shares acquired directly, bringing direct ownership to 90,678 shares
• 18 shares through spouse ownership (total: 2,474 shares)
• 180 shares through Fromex Equity Corp (total: 103,008 shares)
• 180 shares through FRMO Corp (total: 288,260 shares)
• 274 shares through Horizon Common Inc (total: 310,236 shares)
• 18 shares through Horizon Kinetics Hard Assets LLC (total: 8,550 shares)
• 82 shares through Horizon Kinetics Asset Management LLC (total: 52,592 shares)

Total shares acquired across all entities: 1,108 shares. Stahl maintains significant ownership positions through multiple entities while disclaiming beneficial ownership except for his pecuniary interest.

RENN Fund, Inc. has filed a Preliminary Proxy Statement (Schedule 14A) for its 2025 Annual Meeting of Shareholders, set for 2:00 PM EST on Thursday, 18 September 2025 at Horizon Kinetics Asset Management’s New York offices with a simultaneous live webcast. The record date is 22 July 2025.

Shareholders will vote on six routine matters:

• Election of five directors—Douglas J. Cohen, Russell Cleveland, Alice C. Brennan, Anita L. Allen and Melinda J. Newman—each for a one-year term.
• Ratification of Tait, Weller & Baker LLP as independent auditor for the fiscal year ending 31 December 2025.

Proxies solicited by the Board default to “FOR” each proposal when no specification is made. Voting options include telephone, Internet, mail or live participation during the hybrid meeting. Shareholders may revoke proxies at any time before or during the meeting. Horizon Kinetics Asset Management LLC will bear all solicitation costs, and no SEC filing fee is required.

The filing contains no financial performance data, compensation changes or strategic transaction items; it is limited to standard governance actions unlikely to materially affect the fund’s investment thesis.

RENN Fund (NYSE: RCG) filed a routine Form 4 reporting modest open-market purchases by President, Director and 10% owner Murray Stahl on 06/25/2025. The filing lists seven separate transactions totaling 1,108 common shares at a uniform price of $2.60 per share. Following these trades, Stahl’s direct holding stands at 90,322 shares, with additional indirect stakes held through family and affiliated entities such as Fromex Equity Corp, FRMO Corp and Horizon Kinetics–related accounts. No shares were sold and no derivative securities were involved. The reported dollar value (about $2,900) is small relative to Stahl’s existing ownership, and the filing contains no new risk factors, legal matters or strategic disclosures.

Form 4 filing overview – RENN Fund, Inc. (RCG)

President and 10% owner Murray Stahl reported a series of open-market purchases on 24 June 2025 at a uniform price of $2.59 per share. Seven individual transactions were disclosed, totalling 1,108 common shares and an aggregate consideration of roughly $2.9 thousand.

Post-transaction ownership

• Direct holdings: 89,966 shares
• Indirect holdings across six affiliated entities & spouse: 763,616 shares
• Total reported beneficial ownership: ≈ 853,582 shares

The filing states that Mr. Stahl "disclaims beneficial ownership except to the extent of his pecuniary interest" in the indirect accounts, clarifying that control or economic exposure may be less than the headline totals.

Although the purchase size is modest relative to existing ownership, continuing accumulation by the fund’s president signals sustained confidence and further aligns management’s incentives with outside shareholders. No derivative transactions, sales, or 10b5-1 plan notations were reported, and there were no amendments to previous filings.

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.