STAHL MURRAY 4

What Happened

• Murray Stahl, a reported 10% owner of RENN Fund, purchased a total of 1,134 shares of RCG in multiple open-market purchases on 2026-03-25. Each lot was acquired at $3.28 per share, for a combined cost of approximately $3,719.52. These were purchases (not sales), adding to his existing holdings.

Key Details

• Transaction date & price: all trades executed 2026-03-25 at $3.28 per share (seven separate purchases totaling 1,134 shares).
• Total value: about $3,719.52.
• Filing date: Form 4 filed 2026-03-26 for transactions on 2026-03-25 (filed promptly).
• Shares owned / footnotes: the filing notes (F1) that the reported figure does not include 157,814 shares held directly by Mr. Stahl; these purchases add 1,134 shares to his holdings. (F2) For each indirect account, Mr. Stahl disclaims beneficial ownership except to the extent of any pecuniary interest.
• Transaction code: P = Purchase (open market/private purchase).

Context

• This activity is from a 10% owner rather than an executive-level compensation event. The dollar amount is modest (~$3.7k) relative to the large block of shares noted in the filing, so consider it a small incremental buy rather than a major portfolio shift. As always, purchases are factual data points and do not by themselves explain the insider’s motives.