Barnwell Industries (NYSE: BRN) sees 10%+ stake disclosure by Radoff group
Rhea-AI Filing Summary
Barnwell Industries received an initial ownership report from investor Bradley L. Radoff and the Radoff Family Foundation, who may be deemed part of a Section 13(d) group that collectively owns more than 10% of Barnwell’s common stock. The filing lists 560,091 shares of common stock held directly and 560,090 shares held indirectly through the Radoff Family Foundation. It also discloses common warrants, both direct and indirect, each exercisable for 280,045 underlying shares of common stock at an exercise price of $1.65 per share, expiring on May 27, 2029. The reporting persons disclaim beneficial ownership beyond their pecuniary interest, indicating the form is primarily a snapshot of existing positions rather than a record of new trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Radoff Bradley Louis, Radoff Family Foundation
Role
10% Owner | Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Warrants | -- | -- | -- |
| holding | Common Warrants | -- | -- | -- |
| holding | Common Stock, $0.50 par value | -- | -- | -- |
| holding | Common Stock, $0.50 par value | -- | -- | -- |
Holdings After Transaction:
Common Warrants — 280,045 shares (Direct);
Common Warrants — 280,045 shares (Indirect, By The Radoff Family Foundation);
Common Stock, $0.50 par value — 560,091 shares (Direct);
Common Stock, $0.50 par value — 560,090 shares (Indirect, By The Radoff Family Foundation)
Footnotes (2)
- F1. This Form 3 is filed jointly by Bradley L. Radoff and The Radoff Family Foundation ("Radoff Foundation" and collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock, $0.50 par value. Each Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F2. Represents securities owned directly by Radoff Foundation. Mr. Radoff, as a director of Radoff Foundation, may be deemed the beneficial owner of the securities owned by Radoff Foundation.
Key Figures
Direct common stock holdings: 560,091 shares
Indirect common stock holdings: 560,090 shares
Direct warrant underlying shares: 280,045 shares
+2 more
5 metrics
Direct common stock holdings
560,091 shares
Common Stock, $0.50 par value, held directly by Bradley L. Radoff
Indirect common stock holdings
560,090 shares
Common Stock, $0.50 par value, held indirectly by Radoff Family Foundation
Direct warrant underlying shares
280,045 shares
Underlying shares for Common Warrants held directly, exercisable at $1.65
Indirect warrant underlying shares
280,045 shares
Underlying shares for Common Warrants held by Radoff Family Foundation
Warrant exercise price
$1.65 per share
Exercise price for Common Warrants expiring May 27, 2029
Key Terms
Section 13(d) group, beneficial ownership, pecuniary interest, Common Warrants, +1 more
5 terms
Section 13(d) group regulatory
"may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10%"
beneficial ownership regulatory
"Each Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of his or its pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his or its pecuniary interest therein"
Common Warrants financial
"security_title": "Common Warrants""
A common warrant is a tradable instrument that gives its holder the right to buy a company’s common shares at a fixed price within a set time period, similar to a coupon that can be redeemed later to purchase stock. Investors care because exercising warrants can boost potential gains if the stock rises, but it can also dilute existing shareholders by increasing the number of shares outstanding, which can lower per-share value.
indirect ownership financial
"nature_of_ownership": "By The Radoff Family Foundation""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Form 3 filing by Bradley Radoff mean for BRN?
The Form 3 shows Bradley L. Radoff and the Radoff Family Foundation as more-than-10% holders of Barnwell Industries. It records existing common stock and warrant positions, giving investors transparency into a significant shareholder’s holdings without indicating new buying or selling activity.
What indirect BRN holdings are reported through the Radoff Family Foundation?
The Radoff Family Foundation is shown holding 560,090 shares of Barnwell Industries common stock indirectly. Footnotes state Mr. Radoff, as a director of the foundation, may be deemed a beneficial owner of these shares, in addition to his separately reported direct holdings in the company.
Is the Radoff Form 3 for BRN a record of new transactions?
The Form 3 functions as an initial ownership snapshot, not a record of fresh trades. All entries are labeled as holdings, with no buy or sell codes, indicating the disclosure is about existing positions in Barnwell Industries shares and warrants at the time of filing.