Form 4: RENN Fund, Inc.: Murray Stahl Reports Securities Transactions

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

Summary

• Murray Stahl, President and CEO of RENN Fund, Inc. (RCG), filed a Form 4 detailing changes in beneficial ownership.
• On April 2, 2024, Stahl acquired common stock through several entities, including his spouse, FROMEX Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Asset Management LLC.
• He directly acquired 4 shares at a price of $1.61.
• His spouse acquired 1 share at $1.61.
• FROMEX Equity Corp acquired 6 shares at $1.61.
• FRMO Corp acquired 24 shares at $1.61.
• The filing indicates Stahl disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.
• Following the reported transactions, Stahl directly owns 4,980 shares and indirectly owns shares through the listed entities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Management Comments

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

Industry Context

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

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates