Barnwell (BRN) Form 3 shows director hire on 09/19/2025 with zero shares

Rhea-AI Filing Summary

Barnwell Industries, Inc. (BRN) filed an Initial Statement of Beneficial Ownership (Form 3) reporting that Philip J. McPherson was appointed to the company's board of directors effective 09/19/2025. The filing states the Form 3 was signed on 10/01/2025 by an attorney-in-fact and explicitly notes that no securities are beneficially owned by the reporting person at the time of filing. This is a routine Section 16 disclosure showing a director appointment without any immediate equity holdings.

Positive

• Director appointment effective 09/19/2025 adds to the board
• Clear disclosure of zero beneficial ownership at time of appointment

Negative

• []

Insights

Corporate Governance Analyst

Director added with no disclosed share ownership; routine Section 16 filing.

The Form 3 documents that Philip J. McPherson became a director on 09/19/2025 and that he does not beneficially own any Barnwell Industries shares at filing. For governance readers, a director with no initial holdings is common and signals no immediate insider equity alignment.

Key dependencies include whether future Form 4 filings disclose stock grants, purchases, or option awards; such filings would be expected if compensation includes equity. Watch for any subsequent Section 16 filings that would change ownership status within the usual reporting window.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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1. Name and Address of Reporting Person^*

McPherson Philip James

(Last) (First) (Middle)

C/O BARNWELL INDUSTRIES, INC.

1100 ALAKEA STREET, SUITE 500

(Street)

HONOLULU HI 96813

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/19/2025

3. Issuer Name and Ticker or Trading Symbol
BARNWELL INDUSTRIES INC [ BRN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

The appointment of the Reporting Person as a Director to the Board of Directors of Barnwell Industries, Inc. became effective on September 19, 2025. Exhibit 24 - Power of Attorney

No securities are beneficially owned.

	/s/ Alexander C. Kinzler as Attorney-in-fact for Philip J McPherson	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Form 3 filed by BRN report on 09/19/2025?

The Form 3 reports that Philip J. McPherson was appointed a director effective 09/19/2025 and that he owns no securities of Barnwell Industries at filing.

Does the Form 3 show any stock holdings for Philip J. McPherson (BRN)?

No. The filing explicitly states no securities are beneficially owned by the reporting person.

When was the Form 3 signed for the BRN filing?

The Form 3 bears a signature dated 10/01/2025 by an attorney-in-fact for Philip J. McPherson.

Will future filings show changes in ownership for this director?

If the director later receives or acquires Barnwell securities, it must be reported on subsequent Section 16 filings such as Form 4; none are disclosed in this Form 3.

What is the relationship of the reporting person to Barnwell Industries (BRN)?

The filing checks Director as the reporting person's relationship to the issuer.