Form 4: Murray Stahl, President and CEO of RENN Fund, Reports Acquisition of Common Stock

Sentiment:

SEC Form 4 Filing


Murray Stahl, President and CEO of RENN Fund, reports the acquisition of common stock through direct and indirect ownership.

Summary

  • On June 24, 2024, Murray Stahl, President and CEO of RENN Fund, Inc. (RCG), reported the acquisition of common stock.
  • Mr. Stahl directly acquired 14 shares of common stock at a price of $1.74 per share, bringing his direct holdings to 5,290 shares.
  • He also reported indirect acquisitions through various entities, including his spouse (1 share), FROMEX EQUITY CORP (18 shares), FRMO CORP (72 shares), HORIZON COMMON INC. (78 shares), and Horizon Kinetics Asset Management LLC (1 share), all at $1.74 per share.
  • Mr. Stahl disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It simply reports transactions without expressing any positive or negative outlook.

Management Comments

  • Mr. Stahl disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest, if any.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company securities, ensuring transparency and compliance with SEC regulations.

Key Dates

DateDescription
06/24/2024Date of transaction: Murray Stahl acquired common stock.
06/25/2024Date of signature: Jay Kesslen, attorney-in-fact, signed the report.

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