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Barnwell Industries (BRN) director Joshua Horowitz reports 9,346-share stock grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Barnwell Industries, Inc. director Joshua Horowitz reported a new equity grant in the company’s common stock. On December 10, 2025, he received a restricted stock award of 9,346 shares, classified as an acquisition of common stock.

Following this grant, Mr. Horowitz is shown as beneficially owning 202,221 shares directly and 315,276 shares indirectly through Palm Global Small Cap Master Fund LP. The filing notes that Palm Management (US) LLC and Mr. Horowitz may be deemed beneficial owners of the shares held by the fund, but they expressly disclaim beneficial ownership except to the extent of any pecuniary interest. The restricted stock award vests in a single installment on September 30, 2026, aligning his compensation with the company’s future performance.

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Insider Horowitz Joshua
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 9,346 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 202,221 shares (Direct); Common Stock — 315,276 shares (Indirect, By Palm Global Small Cap Master Fund LP)
Footnotes (1)
  1. Represents a restricted stock award to Mr. Horowitz pursuant to a grant by the Board of Directors of Barnwell Industries, Inc. on December 10, 2025. The restricted stock unit award vests in one installment on September 30, 2026. Palm Management (US) LLC, as the investment manager of Palm Global Small Cap Master Fund LP ("Palm Global"), may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by Palm Global. Due to his positions as a portfolio manager and special limited partner of Palm Global and as an employee of Palm Management (US) LLC, Mr. Horowitz may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by Palm Global. Palm Management (US) LLC and Mr. Horowitz expressly disclaim such beneficial ownership except to the extent of their pecuniary interest therein.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Horowitz Joshua
(Last) (First) (Middle)
C/O BARNWELL INDUSTRIES, INC.
1100 ALAKEA STREET, SUITE 500
(Street)
HONOLULU HI 96813
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BARNWELL INDUSTRIES INC [ BRN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/10/2025 A 9,346 A (1) 202,221 D
Common Stock 315,276(2) I By Palm Global Small Cap Master Fund LP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents a restricted stock award to Mr. Horowitz pursuant to a grant by the Board of Directors of Barnwell Industries, Inc. on December 10, 2025. The restricted stock unit award vests in one installment on September 30, 2026.
2. Palm Management (US) LLC, as the investment manager of Palm Global Small Cap Master Fund LP ("Palm Global"), may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by Palm Global. Due to his positions as a portfolio manager and special limited partner of Palm Global and as an employee of Palm Management (US) LLC, Mr. Horowitz may be deemed to be a beneficial owner of the shares of common stock disclosed as directly owned by Palm Global. Palm Management (US) LLC and Mr. Horowitz expressly disclaim such beneficial ownership except to the extent of their pecuniary interest therein.
/s/ Alexander C. Kinzler as Attorney-in-fact for Joshua Horowitz 12/12/2025
** 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 4 (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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Barnwell Industries (BRN) disclose in this Form 4?

The filing reports that director Joshua Horowitz received a restricted stock award of 9,346 shares of Barnwell Industries common stock on December 10, 2025, classified as an acquisition.

How many Barnwell Industries (BRN) shares does Joshua Horowitz beneficially own after this transaction?

After the reported transaction, Joshua Horowitz is shown as beneficially owning 202,221 common shares directly and 315,276 common shares indirectly through Palm Global Small Cap Master Fund LP, subject to the disclaimers in the filing.

When do Joshua Horowitz’s new Barnwell Industries (BRN) restricted shares vest?

The restricted stock award granted to Joshua Horowitz on December 10, 2025 is described as a restricted stock unit award that vests in one installment on September 30, 2026.

What is Joshua Horowitz’s relationship to Barnwell Industries (BRN)?

Joshua Horowitz is identified in the filing as a director of Barnwell Industries, Inc., and the Form 4 is filed as a Form filed by One Reporting Person.

How are Palm Global Small Cap Master Fund LP’s Barnwell (BRN) shares treated in this Form 4?

The filing states that Palm Management (US) LLC, as investment manager of Palm Global Small Cap Master Fund LP, and Mr. Horowitz may be deemed beneficial owners of the 315,276 shares held by the fund, but they expressly disclaim beneficial ownership except to the extent of their pecuniary interest.

What type of securities are covered in this Barnwell Industries (BRN) Form 4?

The Form 4 reports transactions in common stock of Barnwell Industries, including a restricted stock award to director Joshua Horowitz and indirect holdings through Palm Global Small Cap Master Fund LP.