STAHL MURRAY 4

What Happened
Murray Stahl (identified as a 10% owner) made multiple purchases of RENN Fund, Inc. (RCG) common stock on February 2, 2026. The filing shows seven purchases at $2.75 per share: 360, 18, 180, 180, 296, 18 and 82 shares — totaling 1,134 shares for about $3,120. These were purchases (transaction code P), which are buying activity rather than sales.

Key Details

• Transaction date: 2026-02-02 (reported on Form 4 filed 2026-02-03).
• Price: $2.75 per share for each reported lot.
• Shares acquired (total): 1,134 shares; aggregate cash paid ≈ $3,120 (per filing rounding).
• Shares owned after transaction: the filing does not give a single total in the provided summary; it notes (F1) that this figure does not include 144,854 shares held directly by Mr. Stahl.
• Footnotes: F1 notes 144,854 shares held directly by Mr. Stahl are not included in the reported figure. F2 states Mr. Stahl disclaims beneficial ownership of each indirect account except to the extent of any pecuniary interest.
• Timeliness: Filed the next day (no late-filing indication in the provided data).

Context
This activity is by a 10% owner (an ownership/investor-level insider), not necessarily an executive. Purchases by owners can signal a straightforward buy for investment; filings include footnotes about direct and indirect holdings, so total beneficial ownership may be larger than the numbers shown. The transactions were purchase-code (P) open-market or private buys — not option exercises, awards, or gifts.