Murray Stahl Acquires Additional RENN Fund Shares Across Multiple Accounts

Murray Stahl, President/Co-Portfolio Manager and 10% owner of RENN Fund, Inc. (RCG), acquired additional shares of the company's common stock on December 22, 2025. Stahl purchased 360 shares directly at $2.60 per share, increasing his direct holdings to 135,134 shares. Additionally, he acquired shares indirectly through various entities including his spouse's account (18 shares), Fromex Equity Corp (180 shares), FRMO Corp (180 shares), Horizon Common Inc. (296 shares), Horizon Kinetics Hard Assets LLC (18 shares), and Horizon Kinetics Asset Management LLC (82 shares), all at the same price of $2.60 per share. The total acquisition across all accounts was 1,134 shares for approximately $2,948.40. Stahl disclaims beneficial ownership of the indirect accounts except to the extent of his pecuniary interest. The filing demonstrates continued investment by a key insider across multiple affiliated entities.