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RENN Fund, Inc. [RCG]

Reporting date: 10/09/2025

⚠️ Bullish Insider Buy Detected

📝 What Happened

  • Insider: STAHL MURRAY
  • Role: President/Co-Portfolio Manager; 10% owner
  • Company: RENN Fund, Inc. (RCG)
  • Transaction Date(s): 2025-10-09
  • Table I (Non-Derivative Securities)
    • Sale : 1,134 shares
    • Average Sale Price: $2.62
    • Total Value: ~$2,971.08
    • Post-Transaction Direct Holdings: 116,770
    • Indirect Holdings: 821,520
    • 10b5-1 Plan Used? No

📄 Summary

STAHL MURRAY, President/Co-Portfolio Manager; 10% owner at RENN Fund, Inc. (RCG), acquired 1,134 shares on October 9, 2025, at an average price of $2.62, for a total cost of about ~$2,971.08. After the transaction, he now holds 116,770 direct shares and 821,520 indirect shares. For retail traders, this is a bullish event: Small, routine purchase—mild insider confidence signal.

🔑 Interpretation

  • Type: Discretionary purchase (no indication of option exercise or comp grant)
  • Disposition: Shares were acquired and held (no sale reported)
  • Size Context: The purchase (1,134 shares) is very small relative to the insider’s holdings (116,770 direct; 821,520 indirect) and looks like routine accumulation rather than profit-taking.
  • ATH Metric: Using the last available price near $2.62 as a reference, this trade does not appear to occur near an obvious historical all-time high or all-time low; it’s not clearly opportunistic relative to ATH/ATL levels based on the recent price context.
  • Outlier Check: Not unusually large compared to the insider’s total holdings—consistent with routine, small purchases rather than an outlier block trade.

📊 Bullish or Bearish?

Decide: Bullish

Bullish. The filing shows net acquisitions across multiple accounts (transaction code P, acquired) at a modest dollar amount; holdings increased slightly and the transaction appears discretionary and small versus existing positions. Data completeness is good for this Form 4 but cluster activity cannot be determined from this filing alone.

✅ Bottom Line (Retail Takeaway)

This transaction looks like a small, discretionary buy rather than a broad bullish signal. For retail traders, it’s noise — not worth short-/mid-term action unless corroborated by multiple insiders increasing exposure materially.