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

Murray Stahl, a director, 10% owner, President, and CEO of RENN Fund, Inc., reported the acquisition of common stock through various direct and indirect holdings.

Summary

• On March 18, 2025, Murray Stahl acquired shares of RENN Fund, Inc. common stock.
• Mr. Stahl directly acquired 356 shares at a price of $2.68 per share, bringing his direct holdings to 66,114 shares.
• He also indirectly acquired shares through his spouse (12 shares, totaling 1,542 shares), FROMEX EQUITY CORP (180 shares, totaling 90,588 shares), FRMO CORP (180 shares, totaling 275,840 shares), HORIZON COMMON INC. (276 shares, totaling 291,276 shares), Horizon Kinetics Hard Assets LLC (18 shares, totaling 7,266 shares), and HORIZON KINETICS ASSET MANAGEMENT LLC (254 shares, totaling 36,786 shares).
• All indirect acquisitions were made at a price of $2.68 per share.
• 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. It's a standard disclosure of stock transactions by an insider. The purchase could be seen as a positive signal, but without further context, it's difficult to gauge the overall impact.

Positives

• The director's purchase of shares may signal 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 corporate insiders to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The stock purchase by a key insider could positively influence shareholder sentiment.

Key Dates

Keywords

RENN Fund, Inc., Murray Stahl, RCG, common stock, beneficial ownership, Form 4, director, 10% owner, President, CEO