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 indirect ownership.

Summary

• On March 8, 2024, Murray Stahl, President and CEO of RENN Fund, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• Stahl acquired shares indirectly through various entities, including his spouse, FROMEX Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Asset Management LLC.
• The transactions involved the purchase of common stock at a price of $1.6 per share.
• Following these transactions, Stahl directly owns 4,946 shares and indirectly owns a significant number of shares through the aforementioned entities.
• 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 filing of stock transactions by an insider, with no inherently positive or negative implications.

Management Comments

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

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company securities, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

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

Key Dates