Form 4: RENN Fund, Inc. Director Murray Stahl Increases Stake Through Recent Stock Purchases

Murray Stahl, Director, President, and CEO of RENN Fund, Inc., reports acquiring additional shares of common stock through a series of purchases on September 9, 2024.

Summary

• On September 9, 2024, Murray Stahl, a Director, President, and CEO of RENN Fund, Inc. (RCG), purchased additional shares of the company's common stock.
• Mr. Stahl directly acquired 406 shares at $1.97 per share and 2 shares at $1.98 per share.
• He also indirectly acquired shares through various entities, including his spouse (180 shares), FROMEX EQUITY CORP (180 shares), FRMO CORP (230 shares), HORIZON COMMON INC. (84 shares), and Horizon Kinetics Hard Assets LLC (206 shares), and HORIZON KINETICS ASSET MANAGEMENT LLC (206 shares) all at $1.97 per share.
• Following these transactions, Mr. Stahl directly owns 20,644 shares.
• Indirect holdings include 546 shares held by his spouse, 67,187 shares held by FROMEX EQUITY CORP, 252,440 shares held by FRMO CORP, 259,396 shares held by HORIZON COMMON INC., 514 shares held by Horizon Kinetics Hard Assets LLC, and 7,166 shares held by HORIZON KINETICS ASSET MANAGEMENT LLC.
• Mr. Stahl disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Insider buying is generally viewed as a positive sign, but the purchases are relatively small and could be for a variety of reasons.

Positives

• The director's purchase of shares could be interpreted positively by the market, signaling confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell their company's stock; they provide transparency into insider activity.

Stakeholder Impact

• Shareholders may view the insider buying as a positive signal.

Key Dates