[144] SiteOne Landscape Supply, Inc. SEC Filing
Murray Stahl, President, Co-Portfolio Manager and >10% owner of RENN Fund Inc. (RCG), filed a Form 4 disclosing open-market purchases on 07/24/2025 at $2.60 per share.
- Shares bought: 356 directly and 774 through six affiliated entities and his spouse, totalling 1,130 shares.
- Post-trade holdings: 97,478 shares held directly. Indirect accounts now hold 2,816 (spouse), 106,428 (Fromex Equity), 291,680 (FRMO Corp), 315,774 (Horizon Common), 8,892 (Horizon Kinetics Hard Assets) and 54,164 (Horizon Kinetics AM).
The dollar value of the new purchases is roughly $2.9 k, a small addition relative both to Stahl鈥檚 existing stake and to RENN Fund鈥檚 share count, but the transaction signals ongoing insider confidence. No derivative transactions were reported.
Murray Stahl, Presidente, Co-Gestore del Portafoglio e proprietario di oltre il 10% di RENN Fund Inc. (RCG), ha presentato un Modulo 4 segnalando acquisti sul mercato aperto il 24/07/2025 a 2,60 $ per azione.
- Azioni acquistate: 356 direttamente e 774 tramite sei entit脿 affiliate e sua moglie, per un totale di 1.130 azioni.
- Detenzione post-operazione: 97.478 azioni detenute direttamente. Conti indiretti ora detengono 2.816 (moglie), 106.428 (Fromex Equity), 291.680 (FRMO Corp), 315.774 (Horizon Common), 8.892 (Horizon Kinetics Hard Assets) e 54.164 (Horizon Kinetics AM).
Il valore in dollari dei nuovi acquisti 猫 di circa 2,9 mila $, un'aggiunta modesta sia rispetto alla partecipazione esistente di Stahl sia al numero totale di azioni di RENN Fund, ma l'operazione indica una continua fiducia da parte degli insider. Non sono state segnalate operazioni su derivati.
Murray Stahl, Presidente, Co-Gestor de Portafolio y propietario de m谩s del 10% de RENN Fund Inc. (RCG), present贸 un Formulario 4 revelando compras en el mercado abierto el 24/07/2025 a 2,60 $ por acci贸n.
- Acciones compradas: 356 directamente y 774 a trav茅s de seis entidades afiliadas y su c贸nyuge, sumando un total de 1.130 acciones.
- Participaci贸n tras la operaci贸n: 97.478 acciones en propiedad directa. Las cuentas indirectas ahora poseen 2.816 (c贸nyuge), 106.428 (Fromex Equity), 291.680 (FRMO Corp), 315.774 (Horizon Common), 8.892 (Horizon Kinetics Hard Assets) y 54.164 (Horizon Kinetics AM).
El valor en d贸lares de las nuevas compras es aproximadamente 2,9 mil $, una adici贸n peque帽a tanto respecto a la participaci贸n previa de Stahl como al total de acciones de RENN Fund, pero la transacci贸n indica confianza continua por parte de los insiders. No se reportaron transacciones con derivados.
毹鸽爤鞚� 鞀ろ儓(Murray Stahl) 須岇灔, 瓿惦彊 韽姼韽措Μ鞓� 毵る媹鞝�鞚挫瀽 RENN Fund Inc.(RCG)鞚� 10% 鞚挫儊 歆�攵� 氤挫湢鞛愱皜 2025雲� 7鞗� 24鞚� 欤茧嫻 2.60雼煬鞐� 鞛ル偞 毵れ垬毳� 瓿奠嫓頃橂姅 Form 4毳� 鞝滌稖頄堨姷雼堧嫟.
- 毵れ垬 欤检嫕 靾�: 歆侅爲 356欤�, 鞐劘 臧滌潣 瓿勳棿靷� 氚� 氚办毎鞛愲ゼ 韱淀暣 774欤茧 齑� 1,130欤�毳� 毵れ垬頄堨姷雼堧嫟.
- 瓯半灅 頉� 氤挫湢 欤检嫕: 歆侅爲 氤挫湢 欤检嫕 97,478欤�. 臧勳爲 瓿勳電� 氚办毎鞛� 2,816欤�, Fromex Equity 106,428欤�, FRMO Corp 291,680欤�, Horizon Common 315,774欤�, Horizon Kinetics Hard Assets 8,892欤�, Horizon Kinetics AM 54,164欤茧ゼ 氤挫湢 欷戩瀰雼堧嫟.
鞚措矆 毵れ垬鞚� 雼煬 臧�旃橂姅 鞎� 2,900雼煬搿�, 鞀ろ儓鞚� 旮办〈 歆�攵� 氚� RENN Fund鞚� 齑� 欤检嫕 靾橃棎 牍勴暣 靻岅窚氇� 於旉皜鞚挫毵�, 雮措秬鞛愳潣 歆�靻嶌爜鞚� 鞁犽毳� 雮橅儉雰呺媹雼�. 韺岇儩靸來拡 瓯半灅電� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�.
Murray Stahl, Pr茅sident, Co-Gestionnaire de portefeuille et d茅tenteur de plus de 10 % de RENN Fund Inc. (RCG), a d茅pos茅 un formulaire 4 r茅v茅lant des achats sur le march茅 ouvert le 24/07/2025 脿 2,60 $ par action.
- Actions achet茅es : 356 directement et 774 via six entit茅s affili茅es et son conjoint, totalisant 1 130 actions.
- Positions apr猫s transaction : 97 478 actions d茅tenues directement. Les comptes indirects d茅tiennent d茅sormais 2 816 (conjoint), 106 428 (Fromex Equity), 291 680 (FRMO Corp), 315 774 (Horizon Common), 8 892 (Horizon Kinetics Hard Assets) et 54 164 (Horizon Kinetics AM).
La valeur en dollars des nouveaux achats est d'environ 2,9 k$, une petite addition par rapport 脿 la participation existante de Stahl et au nombre total d'actions de RENN Fund, mais la transaction t茅moigne d'une confiance continue des initi茅s. Aucune transaction sur d茅riv茅s n'a 茅t茅 signal茅e.
Murray Stahl, Pr盲sident, Co-Portfoliomanager und Eigent眉mer von 眉ber 10% der RENN Fund Inc. (RCG), reichte am 24.07.2025 ein Formular 4 ein, das K盲ufe am offenen Markt zu 2,60 $ pro Aktie offenlegt.
- Gekaufte Aktien: 356 direkt und 774 眉ber sechs verbundene Unternehmen sowie seine Ehefrau, insgesamt 1.130 Aktien.
- Bestand nach dem Handel: 97.478 Aktien direkt gehalten. Indirekte Konten halten nun 2.816 (Ehefrau), 106.428 (Fromex Equity), 291.680 (FRMO Corp), 315.774 (Horizon Common), 8.892 (Horizon Kinetics Hard Assets) und 54.164 (Horizon Kinetics AM).
Der Dollarwert der neuen K盲ufe betr盲gt etwa 2,9 Tsd. $, eine kleine Erg盲nzung sowohl im Verh盲ltnis zu Stahls bestehendem Anteil als auch zur Gesamtzahl der RENN Fund Aktien, signalisiert jedoch anhaltendes Vertrauen der Insider. Keine Derivatgesch盲fte wurden gemeldet.
- Insider confidence: A 10% owner and top executive increased his stake, typically interpreted as a bullish signal.
- Regulatory compliance: Prompt Section 16 filing demonstrates transparent governance practices.
- Immaterial size: The $2.9 k purchase is too small to meaningfully change ownership dynamics or signal strong conviction.
Insights
TL;DR: Small open-market buys by 10% owner; sentiment positive but financially immaterial.
Insider buying鈥攅specially by a control person鈥攐ften supports alignment with shareholders. However, the 1,130-share purchase is less than 0.5% of Stahl鈥檚 pre-existing stake and likely below 0.05% of shares outstanding, limiting valuation impact. Still, repeated purchases at $2.60 may create a perceived price floor and modestly improve investor sentiment.
TL;DR: Filing confirms active monitoring and transparent disclosure; governance stance neutral-positive.
Timely Form 4 filing shows compliance with Section 16. The modest yet continuous accumulation by a key insider reinforces long-term commitment, countering concerns about management disengagement. No red flags on control concentration emerge because purchases are incremental and fully disclosed.
Murray Stahl, Presidente, Co-Gestore del Portafoglio e proprietario di oltre il 10% di RENN Fund Inc. (RCG), ha presentato un Modulo 4 segnalando acquisti sul mercato aperto il 24/07/2025 a 2,60 $ per azione.
- Azioni acquistate: 356 direttamente e 774 tramite sei entit脿 affiliate e sua moglie, per un totale di 1.130 azioni.
- Detenzione post-operazione: 97.478 azioni detenute direttamente. Conti indiretti ora detengono 2.816 (moglie), 106.428 (Fromex Equity), 291.680 (FRMO Corp), 315.774 (Horizon Common), 8.892 (Horizon Kinetics Hard Assets) e 54.164 (Horizon Kinetics AM).
Il valore in dollari dei nuovi acquisti 猫 di circa 2,9 mila $, un'aggiunta modesta sia rispetto alla partecipazione esistente di Stahl sia al numero totale di azioni di RENN Fund, ma l'operazione indica una continua fiducia da parte degli insider. Non sono state segnalate operazioni su derivati.
Murray Stahl, Presidente, Co-Gestor de Portafolio y propietario de m谩s del 10% de RENN Fund Inc. (RCG), present贸 un Formulario 4 revelando compras en el mercado abierto el 24/07/2025 a 2,60 $ por acci贸n.
- Acciones compradas: 356 directamente y 774 a trav茅s de seis entidades afiliadas y su c贸nyuge, sumando un total de 1.130 acciones.
- Participaci贸n tras la operaci贸n: 97.478 acciones en propiedad directa. Las cuentas indirectas ahora poseen 2.816 (c贸nyuge), 106.428 (Fromex Equity), 291.680 (FRMO Corp), 315.774 (Horizon Common), 8.892 (Horizon Kinetics Hard Assets) y 54.164 (Horizon Kinetics AM).
El valor en d贸lares de las nuevas compras es aproximadamente 2,9 mil $, una adici贸n peque帽a tanto respecto a la participaci贸n previa de Stahl como al total de acciones de RENN Fund, pero la transacci贸n indica confianza continua por parte de los insiders. No se reportaron transacciones con derivados.
毹鸽爤鞚� 鞀ろ儓(Murray Stahl) 須岇灔, 瓿惦彊 韽姼韽措Μ鞓� 毵る媹鞝�鞚挫瀽 RENN Fund Inc.(RCG)鞚� 10% 鞚挫儊 歆�攵� 氤挫湢鞛愱皜 2025雲� 7鞗� 24鞚� 欤茧嫻 2.60雼煬鞐� 鞛ル偞 毵れ垬毳� 瓿奠嫓頃橂姅 Form 4毳� 鞝滌稖頄堨姷雼堧嫟.
- 毵れ垬 欤检嫕 靾�: 歆侅爲 356欤�, 鞐劘 臧滌潣 瓿勳棿靷� 氚� 氚办毎鞛愲ゼ 韱淀暣 774欤茧 齑� 1,130欤�毳� 毵れ垬頄堨姷雼堧嫟.
- 瓯半灅 頉� 氤挫湢 欤检嫕: 歆侅爲 氤挫湢 欤检嫕 97,478欤�. 臧勳爲 瓿勳電� 氚办毎鞛� 2,816欤�, Fromex Equity 106,428欤�, FRMO Corp 291,680欤�, Horizon Common 315,774欤�, Horizon Kinetics Hard Assets 8,892欤�, Horizon Kinetics AM 54,164欤茧ゼ 氤挫湢 欷戩瀰雼堧嫟.
鞚措矆 毵れ垬鞚� 雼煬 臧�旃橂姅 鞎� 2,900雼煬搿�, 鞀ろ儓鞚� 旮办〈 歆�攵� 氚� RENN Fund鞚� 齑� 欤检嫕 靾橃棎 牍勴暣 靻岅窚氇� 於旉皜鞚挫毵�, 雮措秬鞛愳潣 歆�靻嶌爜鞚� 鞁犽毳� 雮橅儉雰呺媹雼�. 韺岇儩靸來拡 瓯半灅電� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�.
Murray Stahl, Pr茅sident, Co-Gestionnaire de portefeuille et d茅tenteur de plus de 10 % de RENN Fund Inc. (RCG), a d茅pos茅 un formulaire 4 r茅v茅lant des achats sur le march茅 ouvert le 24/07/2025 脿 2,60 $ par action.
- Actions achet茅es : 356 directement et 774 via six entit茅s affili茅es et son conjoint, totalisant 1 130 actions.
- Positions apr猫s transaction : 97 478 actions d茅tenues directement. Les comptes indirects d茅tiennent d茅sormais 2 816 (conjoint), 106 428 (Fromex Equity), 291 680 (FRMO Corp), 315 774 (Horizon Common), 8 892 (Horizon Kinetics Hard Assets) et 54 164 (Horizon Kinetics AM).
La valeur en dollars des nouveaux achats est d'environ 2,9 k$, une petite addition par rapport 脿 la participation existante de Stahl et au nombre total d'actions de RENN Fund, mais la transaction t茅moigne d'une confiance continue des initi茅s. Aucune transaction sur d茅riv茅s n'a 茅t茅 signal茅e.
Murray Stahl, Pr盲sident, Co-Portfoliomanager und Eigent眉mer von 眉ber 10% der RENN Fund Inc. (RCG), reichte am 24.07.2025 ein Formular 4 ein, das K盲ufe am offenen Markt zu 2,60 $ pro Aktie offenlegt.
- Gekaufte Aktien: 356 direkt und 774 眉ber sechs verbundene Unternehmen sowie seine Ehefrau, insgesamt 1.130 Aktien.
- Bestand nach dem Handel: 97.478 Aktien direkt gehalten. Indirekte Konten halten nun 2.816 (Ehefrau), 106.428 (Fromex Equity), 291.680 (FRMO Corp), 315.774 (Horizon Common), 8.892 (Horizon Kinetics Hard Assets) und 54.164 (Horizon Kinetics AM).
Der Dollarwert der neuen K盲ufe betr盲gt etwa 2,9 Tsd. $, eine kleine Erg盲nzung sowohl im Verh盲ltnis zu Stahls bestehendem Anteil als auch zur Gesamtzahl der RENN Fund Aktien, signalisiert jedoch anhaltendes Vertrauen der Insider. Keine Derivatgesch盲fte wurden gemeldet.
FAQ
How many RCG shares did Murray Stahl buy on 07/24/2025?
What is Murray Stahl鈥檚 total direct ownership in RCG after the transaction?
Were any derivative securities involved in this Form 4 filing for RCG?
Why is insider buying important for RCG investors?
What price did the insider pay for the newly acquired RCG shares?
