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

Murray Stahl, President and CEO of RENN Fund, Inc., reports transactions in RCG stock, including acquisitions made on June 13, 2024, through various entities.

Summary

• Murray Stahl, President and CEO of RENN Fund, Inc. (RCG), filed a Form 4 detailing changes in beneficial ownership.
• The report indicates transactions that occurred on June 13, 2024.
• Stahl acquired common stock at a price of $1.65 per share through direct and indirect holdings.
• Direct holdings increased by 14 shares to a total of 5,206 shares.
• Indirect holdings through various entities including his spouse, FROMEX Equity Corp, FRMO Corp, and Horizon Common Inc. also increased.
• The total indirect holdings across these entities amount to 309,548 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 neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Management Comments

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

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their transactions in the company's stock.

Stakeholder Impact

• Shareholders are informed about the transactions of a key executive, providing transparency into insider activity.
• The filing ensures compliance with SEC regulations, maintaining investor confidence.

Key Dates