Barnwell director buys 10,478 shares near $1
BARNWELL INDUSTRIES INC (BRN) director Joshua Horowitz reported an indirect open-market purchase of common stock on September 8, 2026.
Rhea-AI Filing Summary
BARNWELL INDUSTRIES INC (BRN) director Joshua Horowitz reported an indirect open-market purchase of common stock on September 8, 2026. An entity associated with him, Palm Global Small Cap Master Fund LP, purchased 10,478 shares at a weighted average price of $0.996 per share, bringing its reported indirect holdings to 330,187 shares. Separately, Horowitz is reported to hold 202,221 shares directly, including 77,878 unvested restricted stock units. The filing notes that Palm Management (US) LLC and Horowitz may be deemed beneficial owners of the Palm Global shares but expressly disclaim beneficial ownership except to the extent of their pecuniary interest, and no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,478 shares
Net Buy
2 txns
Insider
Horowitz Joshua
Role
Director
Bought
10,478 shs ($10K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2 | 10,478 | $0.996 | $10K |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 330,187 shares (Indirect, By Palm Global Small Cap Master Fund LP);
Common Stock — 202,221 shares (Direct)
Footnotes (3)
- F1. The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.9696 to $1.00 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
- F2. 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.
- F3. Includes 77,878 unvested restricted stock units.
Key Figures
Shares purchased: 10,478 shares
Weighted average purchase price: $0.996 per share
Indirect holdings after transaction: 330,187 shares
+3 more
6 metrics
Shares purchased
10,478 shares
Common stock purchased on September 8, 2026 by Palm Global Small Cap Master Fund LP
Weighted average purchase price
$0.996 per share
Average price for the 10,478 shares bought on September 8, 2026
Indirect holdings after transaction
330,187 shares
Common stock held indirectly through Palm Global Small Cap Master Fund LP after the purchase
Direct holdings after transaction
202,221 shares
Common stock held directly by Joshua Horowitz after the reported transactions
Unvested restricted stock units
77,878 units
Unvested RSUs included within Joshua Horowitz’s direct holdings of common stock
Purchase price range
$0.9696–$1.00 per share
Range of prices for the multiple trades making up the 10,478-share purchase
Key Terms
weighted average price, beneficial owner, restricted stock units, pecuniary interest
4 terms
weighted average price financial
"The price reported represents a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial owner financial
"may be deemed to be a beneficial owner of the shares of common stock"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
restricted stock units financial
"Includes 77,878 unvested restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
pecuniary interest financial
"expressly disclaim such beneficial ownership except to the extent of their pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction in BRN stock did director Joshua Horowitz report?
Director Joshua Horowitz reported that Palm Global Small Cap Master Fund LP, an entity associated with him, purchased 10,478 shares of Barnwell Industries common stock on September 8, 2026 at a weighted average price of $0.996 per share in open-market transactions.
Was the BRN insider purchase made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked affirmatively, and the footnotes do not state that the September 8, 2026 purchase of 10,478 shares was executed pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
How many unvested restricted stock units does Joshua Horowitz hold in BRN?
A footnote explains that Joshua Horowitz’s direct holdings of 202,221 shares of Barnwell Industries common stock include 77,878 unvested restricted stock units. These RSUs are part of his equity-based compensation and have not yet vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
