Form 4: RENN Fund Director Newman Acquires 2,000 Shares
SEC Form 4 Filing
Director Melinda Newman purchased 2,000 shares of RENN Fund, Inc. at $1.66 per share on June 10, 2024.
Summary
- On June 10, 2024, Melinda Newman, a director of RENN Fund, Inc. (RCG), acquired 2,000 shares of common stock.
- The purchase price was $1.66 per share.
- Following the transaction, Ms. Newman directly owns 2,000 shares of RENN Fund, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock purchase by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, such as directors and officers, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.
Stakeholder Impact
- The transaction may be of interest to shareholders as it provides insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of transaction: Melinda Newman purchased 2,000 shares of RENN Fund, Inc. |
| 06/13/2024 | Date of signature on the Form 4 filing. |
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