Form 4: RENN Fund, Inc. Director Stahl Increases Stake Through Multiple Entities

Murray Stahl, a director, officer, and 10% owner of RENN Fund, Inc., has increased his holdings through direct and indirect purchases of common stock at $2.68 per share.

Summary

• Murray Stahl, a director, officer, and 10% owner of RENN Fund, Inc. (RCG), reported changes in beneficial ownership on May 15, 2025.
• On May 14, 2025, Stahl purchased 356 shares of common stock directly at a price of $2.68 per share.
• He also acquired shares indirectly through various entities, including his spouse (12 shares), FROMEX EQUITY CORP (180 shares), FRMO CORP (180 shares), HORIZON COMMON INC. (276 shares), Horizon Kinetics Hard Assets LLC (18 shares), and Horizon Kinetics Asset Management LLC (254 shares), all at $2.68 per share.
• Following these transactions, Stahl directly owns 80,354 shares and indirectly owns varying amounts through the listed entities.
• Stahl disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard insider transaction disclosure. The purchase itself could be seen as slightly positive, but the disclaimer of beneficial ownership over indirectly held shares tempers this.

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 and provide transparency into insider transactions, allowing investors to track the actions of company executives and directors.

Key Dates

Keywords

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