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

Murray Stahl, President and CEO of RENN Fund, Inc., reports the acquisition of common stock through various entities and personal accounts.

Summary

• Murray Stahl, President and CEO of RENN Fund, Inc. (RCG), filed a Form 4 detailing changes in beneficial ownership.
• On March 20, 2024, Stahl acquired common stock through direct and indirect ownership.
• Direct acquisitions included 2 shares at $1.64 each, resulting in a direct holding of 4,962 shares.
• Indirect acquisitions were made through his spouse (1 share), FROMEX Equity Corp (6 shares), FRMO Corp (24 shares), and Horizon Common Inc (24 shares).
• Stahl disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.
• The total number of shares beneficially owned following the reported transactions includes 60,737 shares held by his spouse, 242,840 shares held by FROMEX Equity Corp, 246,922 shares held by FRMO Corp, and shares held by Horizon Common Inc.
• The filing was signed by Jay Kesslen, attorney-in-fact, on March 21, 2024.

Sentiment

Score: 5

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

Positives

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

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's securities, providing transparency to the market.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates