MURRAY STAHL - 18 Nov 2025 Form 4 Insider Report for RENN Fund, Inc. (RCG)

Role: President/Co-Portfolio Manager, 10%+ Owner
Signature: /s/ Jay Kesslen, attorney-in-fact
Issuer symbol: RCG
Transactions as of: 18 Nov 2025
Net transactions value: +$3,039
Form type: 4
Filing time: 19 Nov 2025, 10:20:27 UTC
Previous filing: 18 Nov 2025
Next filing: 20 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
STAHL MURRAY	President/Co-Portfolio Manager, 10%+ Owner	470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK	/s/ Jay Kesslen, attorney-in-fact	19 Nov 2025	0001207097

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RCG	Common Stock	Purchase	$965	+360	+0.28%	$2.68	126,854	18 Nov 2025	Direct
transaction	RCG	Common Stock	Purchase	$48.24	+18	+0.42%	$2.68	4,292	18 Nov 2025	SPOUSE	F1
transaction	RCG	Common Stock	Purchase	$482	+180	+0.15%	$2.68	121,188	18 Nov 2025	FROMEX EQUITY CORP	F1, F2
transaction	RCG	Common Stock	Purchase	$482	+180	+0.06%	$2.68	306,440	18 Nov 2025	FRMO CORP	F1, F2
transaction	RCG	Common Stock	Purchase	$793	+296	+0.09%	$2.68	340,034	18 Nov 2025	HORIZON COMMON INC.	F1, F2
transaction	RCG	Common Stock	Purchase	$48.24	+18	+0.17%	$2.68	10,368	18 Nov 2025	Horizon Kinetics Hard Assets LLC	F1, F2
transaction	RCG	Common Stock	Purchase	$220	+82	+0.13%	$2.68	60,890	18 Nov 2025	HORIZON KINETICS ASSET MANAGEMENT LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This figure does not include 126,854 shares held directly by Mr. Stahl.
F2	For each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.