Murray Stahl Files Form 4 for RENN Fund, Inc.

TL;DR

**Insider Murray Stahl filed a Form 4 for RENN Fund, Inc., signaling a change in ownership.**

AI Summary

This Form 4 filing indicates that Murray Stahl, a reporting insider, has filed a statement of changes in beneficial ownership of securities for RENN Fund, Inc. The filing, dated March 24, 2026, reports activity as of March 23, 2026. While the filing itself doesn't detail specific transactions, it signals that an insider's holdings have changed, which is important for investors as insider activity can sometimes reflect their confidence in the company's future performance.

Why It Matters

This filing matters because it signals a change in an insider's ownership, which can be interpreted by investors as a sign of confidence or concern regarding the company's future.

Risk Assessment

Risk Level: low — This filing is purely administrative and does not inherently indicate a high risk, as it only reports a change in beneficial ownership without specifying the nature of the transaction.

Analyst Insight

A smart investor would note this filing and then look for the specific details of the transaction within the full Form 4 document to understand the nature of Murray Stahl's change in beneficial ownership, as this could provide insight into his view of RENN Fund, Inc.'s prospects.

Key Players & Entities

• STAHL MURRAY (person) — Reporting insider
• RENN Fund, Inc. (company) — Issuer of securities
• 0001207097 (person) — CIK for STAHL MURRAY
• 0000919567 (company) — CIK for RENN Fund, Inc.

FAQ

Filing Documents

• rdgdoc.html (4)
• rdgdoc.xml (4) — 12KB
• 0001437749-26-009559.txt ( ) — 14KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * STAHL MURRAY (Last) (First) (Middle) C/O HORIZON KINETICS LLC 470 PARK AVE S 8TH FL S (Street) NEW YORK NEW YORK 10016 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol RENN Fund, Inc. [ RCG ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner X Officer (give title below) Other (specify below) President/Co-Portfolio Manager 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/23/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 03/23/2026 P 360 A $ 3.28 157,094 D Common Stock 03/23/2026 P 18 A $ 3.28 5,804 (1) I Spouse Common Stock 03/23/2026 P 180 A $ 3.28 136,308 (1) (2) I Fromex Equity Corp. Common Stock 03/23/2026 P 180 A $ 3.28 321,560 (1) (2) I FRMO Corp. Common Stock 03/23/2026 P 296 A $ 3.28 364,898 (1) (2) I Horizon Common Inc. Common Stock 03/23/2026 P 18 A $ 3.28 11,880 (1) (2) I Horizon Kinetics Hard Assets LLC Common Stock 03/23/2026 P 82 A $ 3.28 67,778 (1) (2) I Horizon Kinetics Asset Management LLC Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Explanation of Responses: 1. This figure does not include 157,094 shares held directly by Mr. Stahl. 2. For each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any. /s/ Jay Kesslen, attorney-in-fact 03/24/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. * Form 4: SEC 1474 (03-26)

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View this 4 filing on SEC EDGAR