Form 4: RENN Fund, Inc. Director Murray Stahl Reports Stock Purchases

Murray Stahl, a director, 10% owner, President, and CEO of RENN Fund, Inc., reported purchasing shares of common stock on February 7, 2025.

Summary

• On February 7, 2025, Murray Stahl, a director, 10% owner, President, and CEO of RENN Fund, Inc. (RCG), purchased shares of common stock.
• Mr. Stahl directly acquired 328 shares at a price of $2.68 per share, bringing his direct holdings to 57,002 shares.
• He also indirectly acquired shares through various entities and his spouse, with prices at $2.68 per share.
• The indirect purchases include 10 shares for his spouse, 180 shares for FROMEX EQUITY CORP, 180 shares for FRMO CORP, 274 shares for HORIZON COMMON INC., 18 shares for Horizon Kinetics Hard Assets LLC, and 254 shares for HORIZON KINETICS ASSET MANAGEMENT LLC.
• Following these transactions, Mr. Stahl's indirect holdings are 1,226 shares for his spouse, 85,908 shares for FROMEX EQUITY CORP, 271,160 shares for FRMO CORP, 284,126 shares for HORIZON COMMON INC., 6,798 shares for Horizon Kinetics Hard Assets LLC, and 30,180 shares for 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: 7

Explanation: Insider buying is generally viewed positively, suggesting confidence in the company's future. The large number of indirect holdings and disclaimers temper the overall positive sentiment slightly.

Positives

• The purchases indicate confidence by a key insider in the company's 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

Insider buying is often seen as a positive sign, suggesting that those with the most knowledge of the company believe its stock is undervalued.

Stakeholder Impact

• The reported stock purchases could positively influence shareholder sentiment.

Key Dates

Keywords

insider trading, Form 4, share purchase, Murray Stahl, RENN Fund, RCG, beneficial ownership