[144] SiteOne Landscape Supply, Inc. SEC Filing

Rhea-AI Filing Summary

Murray Stahl, President, Co-Portfolio Manager and >10% owner of RENN Fund Inc. (RCG), filed a Form 4 disclosing open-market purchases on 07/24/2025 at $2.60 per share.

• Shares bought: 356 directly and 774 through six affiliated entities and his spouse, totalling 1,130 shares.
• Post-trade holdings: 97,478 shares held directly. Indirect accounts now hold 2,816 (spouse), 106,428 (Fromex Equity), 291,680 (FRMO Corp), 315,774 (Horizon Common), 8,892 (Horizon Kinetics Hard Assets) and 54,164 (Horizon Kinetics AM).

The dollar value of the new purchases is roughly $2.9 k, a small addition relative both to Stahl’s existing stake and to RENN Fund’s share count, but the transaction signals ongoing insider confidence. No derivative transactions were reported.

Positive

• Insider confidence: A 10% owner and top executive increased his stake, typically interpreted as a bullish signal.
• Regulatory compliance: Prompt Section 16 filing demonstrates transparent governance practices.

Negative

• Immaterial size: The $2.9 k purchase is too small to meaningfully change ownership dynamics or signal strong conviction.

Insights

Financial Analyst

TL;DR: Small open-market buys by 10% owner; sentiment positive but financially immaterial.

Insider buying—especially by a control person—often supports alignment with shareholders. However, the 1,130-share purchase is less than 0.5% of Stahl’s pre-existing stake and likely below 0.05% of shares outstanding, limiting valuation impact. Still, repeated purchases at $2.60 may create a perceived price floor and modestly improve investor sentiment.

Corporate Governance Expert

TL;DR: Filing confirms active monitoring and transparent disclosure; governance stance neutral-positive.

Timely Form 4 filing shows compliance with Section 16. The modest yet continuous accumulation by a key insider reinforces long-term commitment, countering concerns about management disengagement. No red flags on control concentration emerge because purchases are incremental and fully disclosed.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	7384	975352.56	44809549	07/25/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/25/2025	Option Granted - 02/06/2019	Issuer			7384	07/25/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Doug Black 300 Colonial Center Parkway Suite 600 Roswell GA 30076	Common	07/11/2025	29760	3847463.65

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many RCG shares did Murray Stahl buy on 07/24/2025?

He purchased 1,130 shares at $2.60 per share.

What is Murray Stahl’s total direct ownership in RCG after the transaction?

His direct holding is now 97,478 shares.

Were any derivative securities involved in this Form 4 filing for RCG?

No, the filing shows no derivative transactions.

Why is insider buying important for RCG investors?

Purchases by a key insider can signal confidence in the company’s prospects and align management with shareholders.

What price did the insider pay for the newly acquired RCG shares?

All reported shares were bought at $2.60 per share.