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 various entities.

Summary

• On June 28, 2024, Murray Stahl, a Director, President, and CEO of RENN Fund, Inc., reported the acquisition of multiple shares of common stock at a price of $1.74 per share.
• Mr. Stahl directly acquired 14 shares.
• His spouse indirectly acquired 1 share.
• FROMEX Equity Corp indirectly acquired 18 shares.
• FRMO Corp indirectly acquired 72 shares.
• Horizon Common Inc. indirectly acquired 78 shares.
• Horizon Kinetics Asset Management LLC indirectly acquired 1 share.
• Following these transactions, Mr. Stahl directly owns 5,346 shares and indirectly owns shares through various entities: 456 shares are attributed to his spouse, 61,310 to FROMEX Equity Corp, 245,132 to FRMO Corp, 249,314 to Horizon Common Inc., and 28 to 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 document is a neutral regulatory filing, reflecting standard insider trading activity. There is no inherent positive or negative sentiment.

Management Comments

• Mr. Stahl disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest, if any.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in the financial industry and subject to regulatory oversight to prevent insider trading.

Stakeholder Impact

• The transaction may have a minor impact on shareholders by slightly increasing the number of outstanding shares.

Key Dates