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

Murray Stahl, a director and the President and CEO of RENN Fund, Inc., reported the acquisition of common stock through direct and indirect ownership.

Summary

• On July 17, 2024, Murray Stahl, a Director, President, and CEO of RENN Fund, Inc. (RCG), reported acquiring shares of common stock.
• Mr. Stahl directly acquired 14 shares at a price of $1.77 per share, bringing his direct holdings to 5,522 shares.
• He also reported indirect acquisitions through various entities, including his spouse (1 share), FROMEX Equity Corp (18 shares), FRMO Corp (72 shares), Horizon Common Inc. (82 shares), and Horizon Kinetics Asset Management LLC (1 share).
• The indirect holdings are disclaimed by Mr. Stahl except to the extent of his pecuniary interest.
• The total indirect holdings after the reported transactions are 468 shares for his spouse, 61,526 shares for FROMEX Equity Corp, 245,996 shares for FRMO Corp, 250,265 shares for Horizon Common Inc., and 41 shares for Horizon Kinetics Asset Management LLC.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions.

Positives

• The director's purchase of shares may signal confidence in the company's prospects.

Management Comments

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

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company securities, providing transparency to investors.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding insider transactions.

Key Dates