Form 4: RENN Fund, Inc. Director Murray Stahl Reports Acquisition of Common Stock

Murray Stahl, Director, President, and CEO of RENN Fund, Inc., reports the acquisition of common stock through various entities.

Summary

• On July 23, 2024, Murray Stahl, a director and officer of RENN Fund, Inc. (RCG), acquired common stock through several transactions.
• He directly purchased 406 shares at $1.81 per share.
• Indirectly, through his spouse, 2 shares were purchased at $1.81 per share.
• Additional shares were acquired indirectly through FROMEX Equity Corp (45 shares), FRMO Corp (180 shares), Horizon Common Inc. (560 shares), and Horizon Kinetics Asset Management LLC (188 shares), all at $1.81 per share.
• Following these transactions, Mr. Stahl directly owns 6,737 shares and indirectly owns shares through various entities, including 61,652 shares through FROMEX Equity Corp, 246,500 shares through FRMO Corp, 251,738 shares through Horizon Common Inc., and 425 shares through Horizon Kinetics Asset Management LLC.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions. The director's purchase could be seen as slightly positive, but it's not a major event.

Positives

• The director's purchase of shares could be interpreted as a positive signal about the company's prospects.

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 reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholder confidence due to the director's increased investment.

Key Dates