STAHL MURRAY 4

What Happened

• Murray Stahl, a reported 10% owner of RENN Fund, Inc. (RCG), made multiple open-market purchases (transaction code P) on January 23, 2026, acquiring a total of 1,134 shares at $2.70 per share. The purchases total $3,061.80 (about $3,062). This was a purchase activity (accumulation), not a sale.

Key Details

• Transaction date: January 23, 2026; Filing date: January 26, 2026 (appears timely).
• Trades: 360, 18, 180, 180, 296, 18 and 82 shares — all at $2.70 each — total 1,134 shares for $3,061.80.
• Shares owned after transaction: The filing does not list a combined total owned after these purchases; footnote F1 notes Mr. Stahl directly holds 142,694 shares (this figure is not included in the purchases above).
• Footnotes: F1 — the 142,694 shares held directly by Mr. Stahl are not included in these reported purchases. F2 — for each indirect account reported, Mr. Stahl disclaims beneficial ownership except to the extent of any pecuniary interest.
• Transaction code: P = Purchase.

Context

• As a 10% owner (not an executive trade), these purchases reflect additional insider buying but should be viewed as factual data rather than a definitive signal of company prospects. Purchases are often considered more informative than routine sales, but no motivation is stated in the filing.