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 transactions.

Summary

• Murray Stahl, President and CEO of RENN Fund, Inc. (RCG), filed a Form 4 on May 2, 2024, reporting changes in beneficial ownership of the company's common stock.
• The transactions occurred on May 1, 2024, and involved the acquisition of common stock at a price of $1.69 per share.
• Stahl acquired 4 shares directly and additional shares indirectly through various entities including his spouse, Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Asset Management LLC.
• Following the reported transactions, Stahl directly owns 5,033 shares and indirectly owns varying amounts through the aforementioned entities, with disclaimers of beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard filing reporting changes in ownership.

Positives

• The reporting person increased their holdings in the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The change in ownership may be of interest to shareholders.

Key Dates