[Form 4] RENN Fund Inc. Insider Trading Activity
STAHL MURRAY, identified as a director and an officer (President/Co-Portfolio Manager) of RENN Fund, Inc. (RCG), reported purchases of common stock on 08/08/2025. The report lists multiple purchases at $2.60 per share, with the transactions adding a total of 1,130 shares across direct and indirect accounts.
The filing breaks out holdings following the transactions: 101,394 shares held directly by Mr. Stahl and additional indirect holdings reported for a spouse and several entities (Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC). The filer includes a standard disclaimer that he disclaims beneficial ownership of the indirect accounts except to the extent of any pecuniary interest.
STAHL MURRAY, indicato come direttore e dirigente (Presidente/Co-gestore di portafoglio) della RENN Fund, Inc. (RCG), ha dichiarato acquisti di azioni ordinarie in data 08/08/2025. Il rapporto elenca pi霉 acquisti a $2.60 per azione, con le transazioni che sommano un totale di 1,130 azioni tra conti diretti e indiretti.
La comunicazione dettaglia le partecipazioni dopo le operazioni: 101,394 azioni detenute direttamente dal Sig. Stahl e ulteriori partecipazioni indirette segnalate a nome del coniuge e di varie entit脿 (Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC e Horizon Kinetics Asset Management LLC). Il dichiarante include la consueta clausola con cui rinuncia alla titolarit脿 effettiva dei conti indiretti, salvo per l'eventuale interesse pecuniario.
STAHL MURRAY, identificado como director y directivo (Presidente/Co-gestor de cartera) de RENN Fund, Inc. (RCG), inform贸 compras de acciones ordinarias el 08/08/2025. El informe enumera varias compras a $2.60 por acci贸n, con las transacciones que suman un total de 1,130 acciones entre cuentas directas e indirectas.
La presentaci贸n desglosa las participaciones tras las operaciones: 101,394 acciones en poder directo del Sr. Stahl y participaciones indirectas adicionales reportadas a nombre del c贸nyuge y de varias entidades (Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC y Horizon Kinetics Asset Management LLC). El declarante incluye la cl谩usula habitual en la que renuncia a la titularidad beneficiaria de las cuentas indirectas, salvo en la medida de cualquier inter茅s pecuniario.
STAHL MURRAY電� RENN Fund, Inc. (RCG)鞚� 鞚挫偓鞚挫瀽 鞛勳洂(靷灔/瓿惦彊 韽姼韽措Μ鞓� 毵る媹鞝�)鞙茧 頇曥澑霅橂┌ 08/08/2025鞐� 氤错喌欤� 毵れ瀰鞚� 鞁犼碃頄堨姷雼堧嫟. 氤搓碃靹滌棎電� 欤茧嫻 $2.60搿� 鞐煬 瓯挫潣 毵れ瀰鞚� 旮办灛霅橃柎 鞛堨溂氅�, 頃措嫻 瓯半灅搿� 歆侅爲路臧勳爲 瓿勳毳� 頃╈硱 齑� 1,130欤�臧� 於旉皜霅橃棃鞀惦媹雼�.
鞁犼碃靹滊姅 瓯半灅 鞚错泟鞚� 氤挫湢 雮挫棴鞚� 甑秳頃橃棳 旮办灛頃╇媹雼�: 101,394欤�電� Stahl 鞌皜 歆侅爲 氤挫湢頃橁碃 鞛堨溂氅�, 氚办毎鞛� 氚� 鞐煬 氩曥澑(Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, Horizon Kinetics Asset Management LLC)鞐� 雽�頃� 於旉皜 臧勳爲 氤挫湢霃� 氤搓碃霅橃棃鞀惦媹雼�. 鞁犼碃鞚胳潃 臧勳爲 瓿勳鞚� 鞁れ鞝� 靻岇湢甓岇潉 旮堨爠鞝� 鞚挫澋鞚� 氩旍渼 雮措ゼ 鞝滌櫢頃橁碃電� 攵�鞚疙暅雼る姅 韱奠儊鞝侅澑 氅挫眳 臁绊暛鞚� 韽暔頃橁碃 鞛堨姷雼堧嫟.
STAHL MURRAY, identifi茅 comme administrateur et dirigeant (Pr茅sident/Co-gestionnaire de portefeuille) de RENN Fund, Inc. (RCG), a d茅clar茅 des achats d'actions ordinaires le 08/08/2025. Le rapport mentionne plusieurs achats 脿 $2.60 par action, les op茅rations portant au total sur 1,130 actions r茅parties entre comptes directs et indirects.
La d茅claration d茅taille les avoirs apr猫s les op茅rations : 101,394 actions d茅tenues directement par M. Stahl et des avoirs indirects suppl茅mentaires d茅clar茅s pour le conjoint et plusieurs entit茅s (Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC et Horizon Kinetics Asset Management LLC). Le d茅clarant joint la formule standard indiquant qu'il d茅cline la propri茅t茅 b茅n茅ficiaire des comptes indirects, sauf dans la mesure d'un 茅ventuel int茅r锚t p茅cuniaire.
STAHL MURRAY, angegeben als Direktor und leitender Angestellter (Pr盲sident/Co-Portfolio-Manager) der RENN Fund, Inc. (RCG), meldete am 08/08/2025 K盲ufe von Stammaktien. Der Bericht f眉hrt mehrere K盲ufe zu $2.60 je Aktie auf, wobei sich die Transaktionen insgesamt auf 1,130 Aktien 眉ber direkte und indirekte Konten summieren.
Die Einreichung f眉hrt die Best盲nde nach den Transaktionen auf: 101,394 Aktien werden direkt von Herrn Stahl gehalten, und zus盲tzlich werden indirekte Best盲nde f眉r den Ehepartner und mehrere Gesellschaften (Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC und Horizon Kinetics Asset Management LLC) angegeben. Der Meldende f眉gt die 眉bliche Erkl盲rung bei, dass er die wirtschaftliche Eigent眉merschaft der indirekten Konten, au脽er im Umfang etwaiger pecuni盲rer Interessen, bestreitet.
- None.
- None.
Insights
TL;DR: Director/officer purchases a small number of RCG shares at $2.60, increasing direct and indirect holdings modestly.
The Form 4 documents purchases totaling 1,130 common shares executed on 08/08/2025 at $2.60 per share. Mr. Stahl is shown with 101,394 shares held directly after these transactions, and several indirect holdings are recorded for related entities and a spouse. The filings include a customary disclaimer of beneficial ownership for indirect accounts except for any pecuniary interest. From an analytical perspective, the absolute size of the purchases reported here is small relative to the direct holding disclosed, suggesting limited incremental economic exposure from these specific transactions.
TL;DR: Reported insider purchases are documented correctly with required disclosures and ownership disclaimers.
The submission identifies the reporting person as both a director and an officer (President/Co-Portfolio Manager) and itemizes purchases by direct and various indirect accounts, including a spouse and multiple corporate entities. The filer includes the standard disclaimer that indirect accounts are disclaimed except to the extent of any pecuniary interest, aligning with common Section 16 reporting practice. There are no derivative transactions reported and no indications in this Form 4 of changes to governance roles or material reallocations of control.
STAHL MURRAY, indicato come direttore e dirigente (Presidente/Co-gestore di portafoglio) della RENN Fund, Inc. (RCG), ha dichiarato acquisti di azioni ordinarie in data 08/08/2025. Il rapporto elenca pi霉 acquisti a $2.60 per azione, con le transazioni che sommano un totale di 1,130 azioni tra conti diretti e indiretti.
La comunicazione dettaglia le partecipazioni dopo le operazioni: 101,394 azioni detenute direttamente dal Sig. Stahl e ulteriori partecipazioni indirette segnalate a nome del coniuge e di varie entit脿 (Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC e Horizon Kinetics Asset Management LLC). Il dichiarante include la consueta clausola con cui rinuncia alla titolarit脿 effettiva dei conti indiretti, salvo per l'eventuale interesse pecuniario.
STAHL MURRAY, identificado como director y directivo (Presidente/Co-gestor de cartera) de RENN Fund, Inc. (RCG), inform贸 compras de acciones ordinarias el 08/08/2025. El informe enumera varias compras a $2.60 por acci贸n, con las transacciones que suman un total de 1,130 acciones entre cuentas directas e indirectas.
La presentaci贸n desglosa las participaciones tras las operaciones: 101,394 acciones en poder directo del Sr. Stahl y participaciones indirectas adicionales reportadas a nombre del c贸nyuge y de varias entidades (Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC y Horizon Kinetics Asset Management LLC). El declarante incluye la cl谩usula habitual en la que renuncia a la titularidad beneficiaria de las cuentas indirectas, salvo en la medida de cualquier inter茅s pecuniario.
STAHL MURRAY電� RENN Fund, Inc. (RCG)鞚� 鞚挫偓鞚挫瀽 鞛勳洂(靷灔/瓿惦彊 韽姼韽措Μ鞓� 毵る媹鞝�)鞙茧 頇曥澑霅橂┌ 08/08/2025鞐� 氤错喌欤� 毵れ瀰鞚� 鞁犼碃頄堨姷雼堧嫟. 氤搓碃靹滌棎電� 欤茧嫻 $2.60搿� 鞐煬 瓯挫潣 毵れ瀰鞚� 旮办灛霅橃柎 鞛堨溂氅�, 頃措嫻 瓯半灅搿� 歆侅爲路臧勳爲 瓿勳毳� 頃╈硱 齑� 1,130欤�臧� 於旉皜霅橃棃鞀惦媹雼�.
鞁犼碃靹滊姅 瓯半灅 鞚错泟鞚� 氤挫湢 雮挫棴鞚� 甑秳頃橃棳 旮办灛頃╇媹雼�: 101,394欤�電� Stahl 鞌皜 歆侅爲 氤挫湢頃橁碃 鞛堨溂氅�, 氚办毎鞛� 氚� 鞐煬 氩曥澑(Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, Horizon Kinetics Asset Management LLC)鞐� 雽�頃� 於旉皜 臧勳爲 氤挫湢霃� 氤搓碃霅橃棃鞀惦媹雼�. 鞁犼碃鞚胳潃 臧勳爲 瓿勳鞚� 鞁れ鞝� 靻岇湢甓岇潉 旮堨爠鞝� 鞚挫澋鞚� 氩旍渼 雮措ゼ 鞝滌櫢頃橁碃電� 攵�鞚疙暅雼る姅 韱奠儊鞝侅澑 氅挫眳 臁绊暛鞚� 韽暔頃橁碃 鞛堨姷雼堧嫟.
STAHL MURRAY, identifi茅 comme administrateur et dirigeant (Pr茅sident/Co-gestionnaire de portefeuille) de RENN Fund, Inc. (RCG), a d茅clar茅 des achats d'actions ordinaires le 08/08/2025. Le rapport mentionne plusieurs achats 脿 $2.60 par action, les op茅rations portant au total sur 1,130 actions r茅parties entre comptes directs et indirects.
La d茅claration d茅taille les avoirs apr猫s les op茅rations : 101,394 actions d茅tenues directement par M. Stahl et des avoirs indirects suppl茅mentaires d茅clar茅s pour le conjoint et plusieurs entit茅s (Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC et Horizon Kinetics Asset Management LLC). Le d茅clarant joint la formule standard indiquant qu'il d茅cline la propri茅t茅 b茅n茅ficiaire des comptes indirects, sauf dans la mesure d'un 茅ventuel int茅r锚t p茅cuniaire.
STAHL MURRAY, angegeben als Direktor und leitender Angestellter (Pr盲sident/Co-Portfolio-Manager) der RENN Fund, Inc. (RCG), meldete am 08/08/2025 K盲ufe von Stammaktien. Der Bericht f眉hrt mehrere K盲ufe zu $2.60 je Aktie auf, wobei sich die Transaktionen insgesamt auf 1,130 Aktien 眉ber direkte und indirekte Konten summieren.
Die Einreichung f眉hrt die Best盲nde nach den Transaktionen auf: 101,394 Aktien werden direkt von Herrn Stahl gehalten, und zus盲tzlich werden indirekte Best盲nde f眉r den Ehepartner und mehrere Gesellschaften (Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC und Horizon Kinetics Asset Management LLC) angegeben. Der Meldende f眉gt die 眉bliche Erkl盲rung bei, dass er die wirtschaftliche Eigent眉merschaft der indirekten Konten, au脽er im Umfang etwaiger pecuni盲rer Interessen, bestreitet.
FAQ
Who filed the Form 4 for RENN Fund (RCG)?
What transactions were reported on the RCG Form 4?
How many RCG shares does Mr. Stahl hold directly after these transactions?
Are any derivative securities reported in this filing for RCG?
Does the filer disclose indirect ownership or related-party accounts?
