[Form 4] RENN Fund Inc. Insider Trading Activity
Murray Stahl, listed on the form as a Director and identifying the title President/Co-Portfolio Manager, reported multiple purchases of RENN Fund, Inc. (RCG) common stock on 08/12/2025 at a price of $2.58 per share. The filing lists a direct purchase of 356 shares resulting in 102,106 shares owned directly and several indirect acquisitions recorded across affiliated accounts (spouse and multiple Horizon/Fromex/FRMO entities).
The Form shows the post-transaction beneficial ownership totals for each indirect account and includes a footnote disclaiming beneficial ownership of those indirect accounts except to the extent of any pecuniary interest. All reported transactions are purchases coded as "P" on the Form 4 and no derivatives were reported.
Murray Stahl, indicato nel modulo come Director e con il titolo President/Co-Portfolio Manager, ha segnalato pi霉 acquisti di azioni ordinarie di RENN Fund, Inc. (RCG) il 08/12/2025 al prezzo di $2.58 per azione. La dichiarazione riporta un acquisto diretto di 356 azioni che porta a 102,106 azioni detenute direttamente e diverse acquisizioni indirette registrate su conti affiliati (coniuge e varie entit脿 Horizon/Fromex/FRMO).
Il Modulo mostra i totali di propriet脿 beneficiaria dopo le transazioni per ciascun conto indiretto e include una nota che dichiara di non rivendicare la propriet脿 beneficiaria di quei conti se non nella misura di un eventuale interesse pecuniario. Tutte le transazioni segnalate sono acquisti codificati come "P" nel Modulo 4 e non sono stati riportati derivati.
Murray Stahl, listado en el formulario como Director y con el cargo de President/Co-Portfolio Manager, inform贸 varias compras de acciones ordinarias de RENN Fund, Inc. (RCG) el 08/12/2025 a un precio de $2.58 por acci贸n. La presentaci贸n detalla una compra directa de 356 acciones que deja 102,106 acciones en propiedad directa y varias adquisiciones indirectas registradas en cuentas afiliadas (c贸nyuge y varias entidades Horizon/Fromex/FRMO).
El formulario muestra los totales de propiedad beneficiaria posteriores a la transacci贸n para cada cuenta indirecta e incluye una nota que niega la propiedad beneficiaria de dichas cuentas, salvo en la medida de cualquier inter茅s pecuniario. Todas las operaciones informadas son compras codificadas como "P" en el Formulario 4 y no se reportaron derivados.
Murray Stahl鞚� 靹滌嫕鞐� Director搿� 旮办灛霅橁碃 歆來暔鞚� President/Co-Portfolio Manager搿� 氚濏瀳氅�, 08/12/2025鞐� RENN Fund, Inc. (RCG) 氤错喌欤茧ゼ 欤茧嫻 $2.58鞐� 鞐煬 彀 毵れ垬頄堧嫟瓿� 鞁犼碃頄堨姷雼堧嫟. 鞝滌稖 靹滊鞐愲姅 356欤�鞚� 歆侅爲 毵れ垬臧� 旮办灛霅橃柎 歆侅爲 氤挫湢 欤检嫕鞚� 102,106欤�臧� 霅橃棃瓿�, 氚办毎鞛� 氚� 鞐煬 Horizon/Fromex/FRMO 瓿勳棿 瓿勳爼鞐� 瓯胳箿 鞐煬 臧勳爲 旆摑霃� 旮半霅橃柎 鞛堨姷雼堧嫟.
靹滌嫕鞚� 臧� 臧勳爲 瓿勳爼氤� 瓯半灅 頉� 鞁れ鞝� 靻岇湢甓� 頃╆硠毳� 氤挫棳欤茧┌, 頃措嫻 臧勳爲 瓿勳爼鞚� 鞁れ鞝� 靻岇湢甓岇潃 旮堨爠鞝� 鞚挫澋鞚� 鞛堧姅 氩旍渼鞐� 頃滍暣 欤检灔頃橃 鞎婋姅雼る姅 臧侅＜毳� 韽暔頃橁碃 鞛堨姷雼堧嫟. 氤搓碃霅� 氇摖 瓯半灅電� 靹滌嫕 4鞐愳劀 "P"搿� 旖旊摐頇旊悳 毵れ垬鞚措┌ 韺岇儩靸來拡鞚� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�.
Murray Stahl, indiqu茅 sur le formulaire comme Director et portant le titre President/Co-Portfolio Manager, a d茅clar茅 plusieurs achats d'actions ordinaires de RENN Fund, Inc. (RCG) le 08/12/2025 au prix de $2.58 par action. Le d茅p么t mentionne un achat direct de 356 actions, portant 脿 102,106 actions le nombre d茅tenu directement, ainsi que plusieurs acquisitions indirectes enregistr茅es sur des comptes affili茅s (conjoint et diverses entit茅s Horizon/Fromex/FRMO).
Le formulaire pr茅sente les totaux de propri茅t茅 b茅n茅ficiaire apr猫s la transaction pour chaque compte indirect et comporte une note de bas de page d茅clinant la propri茅t茅 b茅n茅ficiaire de ces comptes sauf dans la mesure d'un 茅ventuel int茅r锚t p茅cuniaire. Toutes les op茅rations d茅clar茅es sont des achats cod茅s "P" sur le Formulaire 4 et aucun instrument d茅riv茅 n'a 茅t茅 signal茅.
Murray Stahl, im Formular als Director aufgef眉hrt und mit dem Titel President/Co-Portfolio Manager, meldete mehrere K盲ufe von Stammaktien der RENN Fund, Inc. (RCG) am 08/12/2025 zu einem Preis von $2.58 pro Aktie. Die Einreichung f眉hrt einen direkten Kauf von 356 Aktien auf, wodurch 102,106 Aktien direkt gehalten werden, sowie mehrere indirekte Erwerbe, die auf verbundenen Konten (Ehepartner und verschiedene Horizon/Fromex/FRMO-Einheiten) verbucht sind.
Das Formular zeigt die nach der Transaktion bestehenden wirtschaftlichen Eigentumsanteile f眉r jedes indirekte Konto und enth盲lt eine Fu脽note, die das wirtschaftliche Eigentum an diesen indirekten Konten au脽er im Umfang eines etwaigen pecuni盲ren Interesses verneint. Alle gemeldeten Transaktionen sind als K盲ufe kodiert und mit "P" im Formular 4 angegeben; es wurden keine Derivate gemeldet.
- None.
- None.
Insights
TL;DR: Insider purchases reported across direct and indirect accounts at $2.58, but amounts are small relative to reported holdings.
The Form 4 documents routine open-market purchases on 08/12/2025 at $2.58 per share, with a direct acquisition of 356 shares and additional purchases allocated to indirect accounts, where the filing lists the resulting beneficial ownership levels. From a securities-analyst perspective, these transactions are transparent and properly disclosed; they update the market on insider accumulation by a director and officer. The filing includes a standard disclaimer regarding indirect holdings and notes no derivative instruments were reported, which simplifies assessment of economic exposure.
TL;DR: Disclosure is complete for reported purchases; relationships and indirect ownership are explicitly identified.
The Form 4 identifies the reporting person as a director and provides the officer title. It itemizes purchases across direct and several indirect accounts and reports post-transaction beneficial ownership for each account. The explanatory footnote disclaiming beneficial ownership except for pecuniary interest is standard for affiliated accounts. There are no indications in the form of departures from Section 16 reporting norms or of complex derivatives that would obscure insider exposure.
Murray Stahl, indicato nel modulo come Director e con il titolo President/Co-Portfolio Manager, ha segnalato pi霉 acquisti di azioni ordinarie di RENN Fund, Inc. (RCG) il 08/12/2025 al prezzo di $2.58 per azione. La dichiarazione riporta un acquisto diretto di 356 azioni che porta a 102,106 azioni detenute direttamente e diverse acquisizioni indirette registrate su conti affiliati (coniuge e varie entit脿 Horizon/Fromex/FRMO).
Il Modulo mostra i totali di propriet脿 beneficiaria dopo le transazioni per ciascun conto indiretto e include una nota che dichiara di non rivendicare la propriet脿 beneficiaria di quei conti se non nella misura di un eventuale interesse pecuniario. Tutte le transazioni segnalate sono acquisti codificati come "P" nel Modulo 4 e non sono stati riportati derivati.
Murray Stahl, listado en el formulario como Director y con el cargo de President/Co-Portfolio Manager, inform贸 varias compras de acciones ordinarias de RENN Fund, Inc. (RCG) el 08/12/2025 a un precio de $2.58 por acci贸n. La presentaci贸n detalla una compra directa de 356 acciones que deja 102,106 acciones en propiedad directa y varias adquisiciones indirectas registradas en cuentas afiliadas (c贸nyuge y varias entidades Horizon/Fromex/FRMO).
El formulario muestra los totales de propiedad beneficiaria posteriores a la transacci贸n para cada cuenta indirecta e incluye una nota que niega la propiedad beneficiaria de dichas cuentas, salvo en la medida de cualquier inter茅s pecuniario. Todas las operaciones informadas son compras codificadas como "P" en el Formulario 4 y no se reportaron derivados.
Murray Stahl鞚� 靹滌嫕鞐� Director搿� 旮办灛霅橁碃 歆來暔鞚� President/Co-Portfolio Manager搿� 氚濏瀳氅�, 08/12/2025鞐� RENN Fund, Inc. (RCG) 氤错喌欤茧ゼ 欤茧嫻 $2.58鞐� 鞐煬 彀 毵れ垬頄堧嫟瓿� 鞁犼碃頄堨姷雼堧嫟. 鞝滌稖 靹滊鞐愲姅 356欤�鞚� 歆侅爲 毵れ垬臧� 旮办灛霅橃柎 歆侅爲 氤挫湢 欤检嫕鞚� 102,106欤�臧� 霅橃棃瓿�, 氚办毎鞛� 氚� 鞐煬 Horizon/Fromex/FRMO 瓿勳棿 瓿勳爼鞐� 瓯胳箿 鞐煬 臧勳爲 旆摑霃� 旮半霅橃柎 鞛堨姷雼堧嫟.
靹滌嫕鞚� 臧� 臧勳爲 瓿勳爼氤� 瓯半灅 頉� 鞁れ鞝� 靻岇湢甓� 頃╆硠毳� 氤挫棳欤茧┌, 頃措嫻 臧勳爲 瓿勳爼鞚� 鞁れ鞝� 靻岇湢甓岇潃 旮堨爠鞝� 鞚挫澋鞚� 鞛堧姅 氩旍渼鞐� 頃滍暣 欤检灔頃橃 鞎婋姅雼る姅 臧侅＜毳� 韽暔頃橁碃 鞛堨姷雼堧嫟. 氤搓碃霅� 氇摖 瓯半灅電� 靹滌嫕 4鞐愳劀 "P"搿� 旖旊摐頇旊悳 毵れ垬鞚措┌ 韺岇儩靸來拡鞚� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�.
Murray Stahl, indiqu茅 sur le formulaire comme Director et portant le titre President/Co-Portfolio Manager, a d茅clar茅 plusieurs achats d'actions ordinaires de RENN Fund, Inc. (RCG) le 08/12/2025 au prix de $2.58 par action. Le d茅p么t mentionne un achat direct de 356 actions, portant 脿 102,106 actions le nombre d茅tenu directement, ainsi que plusieurs acquisitions indirectes enregistr茅es sur des comptes affili茅s (conjoint et diverses entit茅s Horizon/Fromex/FRMO).
Le formulaire pr茅sente les totaux de propri茅t茅 b茅n茅ficiaire apr猫s la transaction pour chaque compte indirect et comporte une note de bas de page d茅clinant la propri茅t茅 b茅n茅ficiaire de ces comptes sauf dans la mesure d'un 茅ventuel int茅r锚t p茅cuniaire. Toutes les op茅rations d茅clar茅es sont des achats cod茅s "P" sur le Formulaire 4 et aucun instrument d茅riv茅 n'a 茅t茅 signal茅.
Murray Stahl, im Formular als Director aufgef眉hrt und mit dem Titel President/Co-Portfolio Manager, meldete mehrere K盲ufe von Stammaktien der RENN Fund, Inc. (RCG) am 08/12/2025 zu einem Preis von $2.58 pro Aktie. Die Einreichung f眉hrt einen direkten Kauf von 356 Aktien auf, wodurch 102,106 Aktien direkt gehalten werden, sowie mehrere indirekte Erwerbe, die auf verbundenen Konten (Ehepartner und verschiedene Horizon/Fromex/FRMO-Einheiten) verbucht sind.
Das Formular zeigt die nach der Transaktion bestehenden wirtschaftlichen Eigentumsanteile f眉r jedes indirekte Konto und enth盲lt eine Fu脽note, die das wirtschaftliche Eigentum an diesen indirekten Konten au脽er im Umfang eines etwaigen pecuni盲ren Interesses verneint. Alle gemeldeten Transaktionen sind als K盲ufe kodiert und mit "P" im Formular 4 angegeben; es wurden keine Derivate gemeldet.
FAQ
What transactions did Murray Stahl report on the RENN Fund (RCG) Form 4?
How many shares does the Form 4 show Murray Stahl owned directly after the reported transactions?
Were any derivative securities reported in this RCG Form 4 filing?
Which indirect accounts are named in the RCG Form 4 and how are they described?
What price per share is reported for the RCG purchases on the Form 4?
