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

Murray Stahl, a director and President/CEO of RENN Fund, Inc., reported acquiring common stock through various entities and directly on April 30, 2024.

Summary

• On April 30, 2024, Murray Stahl, a Director and the President/CEO of RENN Fund, Inc. (RCG), reported acquiring shares of common stock.
• Mr. Stahl acquired 4 shares directly at a price of $1.65.
• Additionally, 1 share was acquired through his spouse, 6 shares through FROMEX Equity Corp, 24 shares through FRMO Corp, 24 shares through Horizon Common Inc., and 8 shares through Horizon Kinetics Asset Management LLC, all at $1.65 per share.
• Following these transactions, Mr. Stahl directly owns 5,029 shares and indirectly owns 412 shares through his spouse, 60,905 shares through FROMEX Equity Corp, 243,512 shares through FRMO Corp, 247,594 shares through Horizon Common Inc., and an unspecified amount through 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: 5

Explanation: The sentiment is neutral as it's a standard disclosure of stock acquisition by an insider. There's no indication of positive or negative sentiment towards 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 disclosures required by the SEC when insiders of a company (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. This filing indicates changes in Murray Stahl's ownership position in RENN Fund, Inc.

Stakeholder Impact

• The acquisition of shares by a director could be viewed positively by shareholders as it signals confidence in the company.

Key Dates