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

Murray Stahl, a director and officer of RENN Fund, Inc., reported the acquisition of common stock through various entities at a price of $1.63 per share.

Summary

• Murray Stahl, President and CEO of RENN Fund, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 21, 2024, Stahl acquired common stock through several entities, including his spouse, Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Asset Management LLC, at a price of $1.63 per share.
• The transactions involved the purchase of 4 shares directly and acquisitions through indirect ownership.
• Following these transactions, Stahl directly owns 5,089 shares and indirectly owns a significant number of shares through the aforementioned entities.
• 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 neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider. It is common for directors and officers to acquire or dispose of shares in their own companies, and these transactions are subject to regulatory reporting requirements.

Stakeholder Impact

• The filing informs shareholders about changes in the ownership structure of the company.
• It provides transparency regarding the actions of key company personnel.

Key Dates