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

Murray Stahl, a director and President/CEO of RENN Fund, Inc., reported purchasing common stock both directly and indirectly through various entities at a price of $2.12 per share.

Summary

• On October 7, 2024, Murray Stahl, a director and the President/CEO of RENN Fund, Inc. (RCG), reported purchasing shares of RCG common stock.
• Mr. Stahl directly acquired 344 shares at $2.12 per share, increasing his direct holdings to 28,202 shares.
• He also indirectly acquired shares through his spouse (2 shares), FROMEX EQUITY CORP (180 shares), FRMO CORP (180 shares), HORIZON COMMON INC. (230 shares), Horizon Kinetics Hard Assets LLC (84 shares), and HORIZON KINETICS ASSET MANAGEMENT LLC (206 shares), all at $2.12 per share.
• Following these transactions, Mr. Stahl's indirect holdings amount to 586 shares held by his spouse, 70,787 shares held by FROMEX EQUITY CORP, 256,040 shares held by FRMO CORP, 264,134 shares held by HORIZON COMMON INC., 2,900 shares held by Horizon Kinetics Hard Assets LLC, and 11,288 shares held by 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 sentiment is neutral as it simply reports stock purchases by a director. It doesn't inherently indicate positive or negative news about the company's performance.

Positives

• The director's purchase of shares could be interpreted as a positive signal about his confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The stock purchases could have a minor positive impact on shareholder confidence.

Key Dates