Form 4: RENN Fund, Inc. Director Murray Stahl Reports Beneficial Ownership Changes

Murray Stahl, a director, 10% owner, President, and CEO of RENN Fund, Inc., reports changes in beneficial ownership of common stock through a series of acquisitions on February 10, 2025.

Summary

• On February 10, 2025, Murray Stahl, a director, 10% owner, President, and CEO of RENN Fund, Inc. (RCG), reported changes in his beneficial ownership of the company's common stock.
• Stahl acquired 328 shares of common stock directly at a price of $2.69 per share.
• He also reported indirect acquisitions through various entities, including his spouse (10 shares), FROMEX EQUITY CORP (180 shares), FRMO CORP (180 shares), HORIZON COMMON INC. (272 shares), Horizon Kinetics Hard Assets LLC (18 shares), and Horizon Kinetics Asset Management LLC (254 shares), all at $2.69 per share.
• Following these transactions, Stahl directly owns 57,330 shares.
• Indirectly, his spouse owns 1,236 shares, FROMEX EQUITY CORP owns 86,088 shares, FRMO CORP owns 271,340 shares, HORIZON COMMON INC. owns 284,398 shares, Horizon Kinetics Hard Assets LLC owns 6,816 shares, and Horizon Kinetics Asset Management LLC owns 30,434 shares.
• 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 routine filing indicating changes in ownership. The director's purchase could be seen as slightly positive, but it's not a major event.

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 a routine part of regulatory compliance for company insiders and large shareholders, providing transparency into their trading activities.

Stakeholder Impact

• Shareholders may view the director's stock purchases as a positive sign, reflecting confidence in the company's prospects.

Key Dates

Keywords

beneficial ownership, Form 4, RENN Fund, Murray Stahl, RCG, director, common stock, acquisitions