STAHL MURRAY 4

What Happened

• Murray Stahl, listed as a 10% owner of RENN Fund, Inc. (RCG), made multiple open-market purchases on April 2, 2026. He acquired a total of 1,134 shares at $3.27 per share, for an aggregate cost of about $3,709. These trades are coded P (purchase), which are outright buys (a bullish signal vs. sales, though not proof of intent).

Key Details

• Transaction date: April 2, 2026; Filing date: April 6, 2026 (file appears timely).
• Price: $3.27 per share; Shares acquired: 1,134; Approximate total value: $3,709.
• Shares owned after transaction: The Form 4’s reporting excludes 159,968 shares held directly by Mr. Stahl (footnote F1). The filing does not present a single combined total of all holdings; the 1,134 shares were added through these purchases.
• Footnotes: F1 notes 159,968 shares held directly by Mr. Stahl are not included in the reported figure. F2 states Mr. Stahl disclaims beneficial ownership of certain indirect accounts except to the extent of any pecuniary interest.
• Transaction code: P = Purchase (open market/private purchase).

Context

• As a 10% owner (not necessarily an executive), these purchases reflect additional direct buying by a large shareholder but do not alone indicate company outlook or timing. Purchases by insiders can be informative, but investors should consider them alongside other fundamentals and disclosures.