STAHL MURRAY 4

What Happened

• Murray Stahl, listed as a 10% owner of RENN Fund, Inc. (RCG), made multiple purchases on January 21, 2026, acquiring a total of 1,134 shares at $2.70 per share, for aggregate consideration of about $3,062. Transactions were coded as "P" (purchase) and reported on a Form 4 filed Jan 22, 2026. These were purchases (a buy signal) rather than sales.

Key Details

• Transaction date and price: January 21, 2026 — seven purchases at $2.70 per share (shares: 360; 18; 180; 180; 296; 18; 82).
• Total purchased: 1,134 shares; total value ≈ $3,062.
• Holdings note: the filing footnotes that 141,974 shares are held directly by Mr. Stahl (F1) and that he disclaims beneficial ownership of certain indirect accounts except to the extent of any pecuniary interest (F2).
• Timeliness: Form 4 was filed the next day (filed Jan 22, 2026) — not indicated as late.

Context

• These were straightforward purchases (no options exercised, awards, or gifts). As a 10% owner, Mr. Stahl is a significant shareholder; small-dollar open-market buys like these are factual data points but do not alone indicate broader strategy or intent.