Form 4: RENN Fund, Inc.: Murray Stahl Reports Beneficial Ownership Changes

Murray Stahl, President and CEO of RENN Fund, Inc., reports changes in beneficial ownership of common stock through direct and indirect holdings.

Summary

• Murray Stahl, President and CEO of RENN Fund, Inc. (RCG), filed a Form 4 detailing changes in his beneficial ownership of the company's common stock on July 18, 2024.
• The transactions involved the purchase of common stock at a price of $1.78 per share.
• Stahl's direct holdings include 5,537 shares.
• Indirect holdings are through his spouse (469 shares), Fromex Equity Corp (61,544 shares), FRMO Corp (246,068 shares), Horizon Common Inc. (250,348 shares), and Horizon Kinetics Asset Management LLC (43 shares).
• 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.

Management Comments

• For each indirect account, Mr. Stahl disclaims beneficial ownership 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.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of the company's President and CEO.

Key Dates