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

Murray Stahl, Director, President, and CEO of RENN Fund, Inc., reports the acquisition of common stock through direct and indirect ownership.

Summary

• On May 2, 2024, Murray Stahl, a Director, President, and CEO of RENN Fund, Inc. (RCG), reported acquiring shares of common stock.
• Mr. Stahl directly acquired 4 shares at a price of $1.67.
• Additionally, acquisitions were made indirectly through his spouse (1 share), FROMEX EQUITY CORP (6 shares), FRMO CORP (24 shares), HORIZON COMMON INC (24 shares), and Horizon Kinetics Asset Management LLC (8 shares) at $1.67 per share.
• Following these transactions, Mr. Stahl directly owns 5,037 shares and indirectly owns 414 shares through his spouse, 60,917 shares through FROMEX EQUITY CORP, 243,560 shares through FRMO CORP, 247,642 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: 6

Explanation: The sentiment is neutral to slightly positive. The director's purchase of shares is generally a good sign, but the disclaimer of beneficial ownership for indirectly held shares tempers the enthusiasm.

Positives

• The director's purchase of shares could be interpreted as a positive signal to the market, indicating confidence in the company's future 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 investors.

Key Dates