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 $1.57 per share.

Summary

• Murray Stahl, President and CEO of RENN Fund, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On March 13, 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.
• The purchase price for the stock was $1.57 per share.
• Stahl disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.
• The reported transactions resulted in Stahl beneficially owning 4,952 shares directly and various amounts indirectly through the listed entities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Management Comments

• Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any, for each indirect account.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates