STAHL MURRAY 4

What Happened Murray Stahl (reported as a 10% owner) made multiple open-market purchases of RENN Fund, Inc. (RCG) common stock on 2026-03-11. He acquired seven lots totaling 1,134 shares at $3.09 per share, with trade amounts of $1,112; $56; $556; $556; $915; $56; and $253, for an aggregate outlay of approximately $3,504. These were purchases (not sales), which represent additional ownership rather than dispositions.

Key Details

• Transaction date and price: 2026-03-11, purchases at $3.09/share. (Transaction code P = Purchase)
• Shares acquired: 1,134 shares total; total cash spent ≈ $3,504.
• Reported holdings: Footnote F1 says the reported figure does not include 154,214 shares held directly by Mr. Stahl. Combining those direct holdings with these purchases implies at least 155,348 shares under his direct economic interest.
• Beneficial ownership disclaimer: Footnote F2 states Mr. Stahl disclaims beneficial ownership of each indirect account except to the extent of any pecuniary interest.
• Filing timeliness: Report filed 2026-03-12 for trades on 2026-03-11 (filed next day; not indicated as late).

Context

• As a 10% owner (not an officer or director title reported here), these purchases reflect additional direct stake-building but should be interpreted as reported investment activity rather than a corporate insider signal. The total dollar amount is modest relative to the size of the position disclosed in F1.