STAHL MURRAY 4

What Happened
Murray Stahl, a reported 10% owner of RENN Fund, Inc. (RCG), made a series of purchases on 2026-04-06, acquiring a total of 1,134 shares at $3.05 per share (about $3,459 total). The transactions were coded as purchases (open market or private purchase), which are outright buys rather than sales or option exercises.

Key Details

• Transaction date and price: 2026-04-06, seven separate purchases at $3.05 per share.
• Shares purchased: 1,134 shares total; approximate value $3,459 (rounded).
• Shares owned after transaction: Footnote indicates Mr. Stahl holds at least 160,328 shares directly; adding these purchases implies he directly holds at least 161,462 shares (160,328 + 1,134).
• Footnotes: F1 notes the 160,328 direct shares 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.
• Filing timeliness: Report filed 2026-04-07 for trades on 2026-04-06 (filed the next business day), indicating a timely filing.

Context
As a 10% owner rather than a company executive, these purchases reflect an owner-level transaction; purchases are often viewed as a more informative signal than routine sales, but they do not by themselves indicate intent or future performance. No option exercises, awards, or gifts were involved in this filing.