STAHL MURRAY 4

What Happened

• Murray Stahl, a reported 10% owner of RENN Fund, Inc. (RCG), purchased a total of 1,134 shares on March 12, 2026 in multiple open-market/private transactions at $3.01 per share. The combined cost of these buys was about $3.4K (1,134 x $3.01 ≈ $3,413).
• This was a purchase (accumulation) rather than a sale, which some investors view as a modest bullish signal, though the dollar amount is small.

Key Details

• Transaction date and price: March 12, 2026 — seven purchases at $3.01 per share (individual lots: 360, 18, 180, 180, 296, 18, 82).
• Shares acquired: 1,134 shares; approximate total value: $3.4K.
• Holdings after transaction: Footnote F1 reports Mr. Stahl holds 154,574 shares directly. These transactions added 1,134 shares via indirect accounts; combined would be 155,708 shares if aggregated.
• Footnotes: F1 — the 154,574 direct shares are not included in the figures above; F2 — Mr. Stahl disclaims beneficial ownership of each indirect account except to the extent of any pecuniary interest.
• Filing timeliness: Report filed March 13, 2026 for trades on March 12, 2026 (appears timely).

Context

• As a 10% owner (not necessarily an executive), these purchases represent small-dollar accumulation across indirect accounts and should be weighed alongside his substantial existing direct holdings (154,574 shares). Small open-market buys are informative but limited in scale; they do not, by themselves, indicate a material change in insider sentiment.