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Barnwell (BRN) grants 185,000 options at $1.21 to executive

Filing Impact
(Neutral)
Filing Sentiment
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Form Type
4

Rhea-AI Filing Summary

Barnwell Industries (BRN) reported insider equity grants for Executive VP - Finance and Director Philip F. Patman, Jr. on a Form 4 dated 10/27/2025. The filing lists a stock award of 83,207 shares of common stock and a restricted stock unit award of 83,208 RSUs.

The company also granted an incentive stock option for 185,000 shares with a $1.21 exercise price, expiring on 10/27/2035. Both the RSUs and the option vest in three installments: 34% on 10/27/2026, 33% on 10/27/2027, and 33% on 10/27/2028. These equity awards represent compensation for Mr. Patman’s role and follow approvals by the Compensation Committee and Board.

Positive

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Negative

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Insider Patman Philip F Jr
Role Executive VP - Finance
Type Security Shares Price Value
Grant/Award Incentive Stock Option (Right to Buy) 185,000 $0.00 --
Grant/Award Common Stock 83,207 $0.00 --
Grant/Award Common Stock 83,208 $0.00 --
Holdings After Transaction: Incentive Stock Option (Right to Buy) — 185,000 shares (Direct); Common Stock — 166,415 shares (Direct)
Footnotes (1)
  1. Represents a stock award to Mr. Patman in his capacity as Executive Vice President - Finance pursuant to a grant by the Compensation Committee and the Board of Directors of Barnwell Industries, Inc. on October 27, 2025. Represents a restricted stock unit award to Mr. Patman in his capacity as Executive Vice President - Finance pursuant to a grant by the Compensation Committee and the Board of Directors of Barnwell Industries, Inc. on October 27, 2025. The restricted stock unit award vests in three installments as follows: 34% on 10/27/26; 33% on 10/27/27; 33% on 10/27/28. Represents an incentive stock option award to Mr. Patman in his capacity as Executive Vice President - Finance pursuant to a grant by the Compensation Committee and the Board of Directors of Barnwell Industries, Inc. on October 27, 2025. The shares of common stock underlying this stock option shall vest in three installments as follows: 34% on 10/27/26; 33% on 10/27/27; 33% on 10/27/28.
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*
Patman Philip F Jr
(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
X Officer (give title below) Other (specify below)
Executive VP - Finance
3. Date of Earliest Transaction (Month/Day/Year)
10/27/2025
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 10/27/2025 A(1) 83,207 A (1) 166,415 D
Common Stock 10/27/2025 A(2) 83,208 A (2) 166,415 D
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
Incentive Stock Option (Right to Buy) $1.21 10/27/2025 A(3) 185,000 (3) 10/27/2035 Common Stock 185,000 $0 185,000 D
Explanation of Responses:
1. Represents a stock award to Mr. Patman in his capacity as Executive Vice President - Finance pursuant to a grant by the Compensation Committee and the Board of Directors of Barnwell Industries, Inc. on October 27, 2025.
2. Represents a restricted stock unit award to Mr. Patman in his capacity as Executive Vice President - Finance pursuant to a grant by the Compensation Committee and the Board of Directors of Barnwell Industries, Inc. on October 27, 2025. The restricted stock unit award vests in three installments as follows: 34% on 10/27/26; 33% on 10/27/27; 33% on 10/27/28.
3. Represents an incentive stock option award to Mr. Patman in his capacity as Executive Vice President - Finance pursuant to a grant by the Compensation Committee and the Board of Directors of Barnwell Industries, Inc. on October 27, 2025. The shares of common stock underlying this stock option shall vest in three installments as follows: 34% on 10/27/26; 33% on 10/27/27; 33% on 10/27/28.
/s/ Alexander C. Kinzler Attorney-in-fact 10/29/25 for Philip F. Patman, Jr. 10/29/2025
** 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 did Barnwell (BRN) report on this Form 4?

Equity grants to Philip F. Patman, Jr.: 83,207 common shares, 83,208 RSUs, and an incentive stock option for 185,000 shares at $1.21.

What is the exercise price and expiry of the BRN stock option?

The incentive stock option has a $1.21 exercise price and expires on 10/27/2035.

How do the BRN RSUs and options vest?

They vest in three tranches: 34% on 10/27/2026, 33% on 10/27/2027, and 33% on 10/27/2028.

Who is the reporting person in this BRN Form 4?

Philip F. Patman, Jr., serving as Executive VP - Finance and Director.

What were the share amounts granted to BRN’s executive?

A stock award of 83,207 common shares and 83,208 RSUs, plus an option covering 185,000 shares.

When did BRN approve these equity awards?

The Compensation Committee and Board approved the awards on 10/27/2025.