Form 4: RENN Fund, Inc. Director Murray Stahl Reports Beneficial Ownership Changes
SEC Form 4 Filing
Murray Stahl, a director, 10% owner, President, and CEO of RENN Fund, Inc., reported changes in beneficial ownership of common stock through a series of purchases at $2.7 per share.
Summary
- On February 11, 2025, Murray Stahl, a director, 10% owner, President, and CEO of RENN Fund, Inc. [RCG], reported changes in beneficial ownership.
- Stahl directly purchased 328 shares of common stock at $2.7 per share, increasing his direct holdings to 57,658 shares.
- He also indirectly acquired shares 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 $2.7 per share.
- 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 routine regulatory filing, so the sentiment is neutral.
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 reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Comparison to Industry Standards
- Form 4 filings are a regulatory requirement for insiders of publicly traded companies in the United States, ensuring compliance with SEC regulations.
- Similar filings are required in other jurisdictions to promote transparency and prevent insider trading.
Stakeholder Impact
- The filing provides shareholders with information about insider transactions, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Transaction date for indirect acquisition of 180 shares through FROMEX EQUITY CORP |
| 02/11/2025 | Date of earliest transaction and reporting date for Form 4 filing. |
| 02/11/2025 | Transaction date for direct and indirect acquisitions of common stock. |
| 02/12/2025 | Date of signature by attorney-in-fact. |
Keywords
beneficial ownership, Form 4, RENN Fund, Murray Stahl, RCG, director, common stock, purchase, indirect ownership, Horizon Kinetics
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