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 on April 9, 2025.

Summary

• On April 9, 2025, Murray Stahl, President and CEO of RENN Fund, Inc., reported changes in his beneficial ownership of the company's common stock.
• Mr. Stahl directly acquired 356 shares at a price of $2.32 per share, bringing his direct holdings to 71,810 shares.
• He also indirectly acquired shares through various entities, including his spouse (12 shares), FROMEX Equity Corp (180 shares), FRMO Corp (180 shares), Horizon Common Inc. (274 shares), Horizon Kinetics Hard Assets LLC (18 shares), and Horizon Kinetics Asset Management LLC (254 shares), all at $2.32 per share.
• After these transactions, Mr. Stahl's indirect holdings amount to 1,734 shares held by his spouse, 93,468 shares held by FROMEX Equity Corp, 278,720 shares held by FRMO Corp, 295,666 shares held by Horizon Common Inc., 7,554 shares held by Horizon Kinetics Hard Assets LLC, and 40,850 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: This is a neutral regulatory filing. It simply reports transactions and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Positives

• The reporting person increased their direct holdings in the company.

Management Comments

• Mr. Stahl disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest, if any.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in the financial industry and subject to regulatory oversight to prevent insider trading.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership, ensuring transparency and compliance with SEC regulations.
• Similar filings are made by executives at companies like BlackRock, Apollo, and KKR when they trade their company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It assures stakeholders that insider trading is being monitored and reported.

Key Dates

Keywords

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