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

Murray Stahl, President and CEO of RENN Fund, Inc., reports transactions involving common stock, including acquisitions through various indirect holdings.

Summary

• Murray Stahl, President and CEO of RENN Fund, Inc. (RCG), filed a Form 4 detailing changes in beneficial ownership of the company's common stock.
• The report indicates several purchases of common stock on April 8, 2024, at a price of $1.61 per share.
• These purchases were made through direct and indirect holdings, including those held by his spouse, FROMEX EQUITY CORP, FRMO CORP, and HORIZON COMMON INC.
• Mr. Stahl directly acquired 2 shares at $1.61 for a total of 4,988 shares.
• Indirect acquisitions include 1 share held by his spouse for a total of 396 shares, 6 shares held by FROMEX EQUITY CORP for a total of 60,809 shares, 24 shares held by FRMO CORP for a total of 243,128 shares, and 24 shares held by HORIZON COMMON INC. for a total of 247,210 shares.
• Mr. 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 standard SEC filing reporting changes in beneficial ownership, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common practice in the financial industry to maintain transparency and comply with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a key executive.

Key Dates