Form 4: RENN Fund, Inc. Director Murray Stahl Reports Securities Transactions

Murray Stahl, Director, President, and CEO of RENN Fund, Inc., reports the acquisition of common stock through various entities.

Summary

• On April 3, 2024, Murray Stahl, a Director, President, and CEO of RENN Fund, Inc. [RCG], reported transactions involving the company's common stock.
• Stahl acquired 2 shares of common stock directly at a price of $1.59.
• He also reported indirect acquisitions through his spouse (1 share), Fromex Equity Corp (6 shares), FRMO Corp (24 shares), Horizon Common Inc (24 shares), and Horizon Kinetics Asset Management LLC (8 shares) at $1.59 per share.
• Following these transactions, Stahl directly owns 4,982 shares and indirectly owns shares through various entities, including 393 shares held by his spouse, 60,791 shares held by Fromex Equity Corp, 243,056 shares held by FRMO Corp, 247,138 shares held by Horizon Common Inc, and shares held by Horizon Kinetics Asset Management LLC.
• 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 standard regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment about the company's performance or future prospects.

Management Comments

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

Industry Context

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

Stakeholder Impact

• The reported transactions provide shareholders with insight into the actions of a key company executive.
• The transactions may have a minor impact on the stock price due to the relatively small number of shares involved.

Key Dates