Barnwell CFO trust buys 6,956 shares at ~$1
Barnwell’s CFO and Treasurer reported trust-based open-market share purchases around $1.00 per share and direct holdings of 219,557 shares, including restricted stock.
Rhea-AI Filing Summary
BARNWELL INDUSTRIES INC (BRN) director, CFO and Treasurer Philip F. Patman, Jr. reported open-market purchases of the company’s common stock through the Philip F. Patman, Jr. Exempt Trust. The trust bought 5,219 shares on September 8, 2026 and 1,737 shares on September 9, 2026 at weighted average prices around $1.00 per share. Separately, he reports 219,557 shares held directly, including restricted stock awards subject to vesting conditions, and disclaims beneficial ownership of the trust-held shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,956 shares
Net Buy
3 txns
Insider
Patman Philip F Jr
Role
CFO and Treasurer
Bought
6,956 shs ($7K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F4, F3 | 1,737 | $1.00 | $2K |
| Purchase | Common Stock F1, F2, F3 | 5,219 | $1.00 | $5K |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,956 shares (Indirect, By Philip F. Patman, Jr. Exempt Trust);
Common Stock — 219,557 shares (Direct)
Footnotes (5)
- F1. Open market purchases of shares in accordance with Issuer's trading policies.
- F2. The reported price in Column 4 is a weighted average purchase price. The shares were purchased in multiple transactions at prices ranging from $1.00 to $1.00 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F3. The Reporting Person is the sole trustee of the Philip F. Patman, Jr. Exempt Trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F4. The reported price in Column 4 is a weighted average purchase price. The shares were purchased in multiple transactions at prices ranging from $1.00 to $1.01 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F5. Certain of these securities are restricted stock awards. Each restricted stock award represents a contingent right to receive one share of the Issuer's common stock, subject to the applicable vesting schedule and conditions of each restricted stock award.
Key Figures
Shares purchased September 8, 2026: 5,219 shares
Weighted average price September 8, 2026: $1.00 per share
Shares purchased September 9, 2026: 1,737 shares
+3 more
6 metrics
Shares purchased September 8, 2026
5,219 shares
Open-market purchase by Philip F. Patman, Jr. Exempt Trust
Weighted average price September 8, 2026
$1.00 per share
Trades ranged from $1.00 to $1.00 per share
Shares purchased September 9, 2026
1,737 shares
Open-market purchase by Philip F. Patman, Jr. Exempt Trust
Price range September 9, 2026
$1.00–$1.01 per share
Weighted average purchase price for that day’s transactions
Total shares purchased in this Form 4
6,956 shares
Net buy across both reported purchase transactions
Directly held common stock
219,557 shares
Direct holdings, including restricted stock awards, as of September 8, 2026
Key Terms
weighted average purchase price, restricted stock awards, pecuniary interest, Exempt Trust
4 terms
weighted average purchase price financial
"The reported price in Column 4 is a weighted average purchase price"
The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.
restricted stock awards financial
"Certain of these securities are restricted stock awards"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
Exempt Trust financial
"Philip F. Patman, Jr. Exempt Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did BRN’s CFO report in this Form 4?
Philip F. Patman, Jr., CFO and Treasurer of BRN, reported two open-market purchases of common stock by the Philip F. Patman, Jr. Exempt Trust totaling 6,956 shares on September 8 and 9, 2026 at weighted average prices around $1.00 per share.
Were these BRN insider purchases made under a Rule 10b5-1 trading plan?
The filing indicates no Rule 10b5-1 trading plan for these transactions. A footnote states that the purchases were open market transactions made in accordance with Barnwell Industries Inc.’s trading policies.
AI-generated analysis. How Rhea-AI works. Not financial advice.
