Joshua Horowitz - 24 Nov 2025 Form 4 Insider Report for BARNWELL INDUSTRIES INC (BRN)

Role: Director
Signature: /s/ Alexander C. Kinzler as Attorney-in-fact for Joshua Horowitz
Issuer symbol: BRN
Transactions as of: 24 Nov 2025
Transactions value $: $65,519
Form type: 4
Filing time: 26 Nov 2025, 16:44:08 UTC
Previous filing: 10 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Horowitz Joshua	Director	C/O BARNWELL INDUSTRIES, INC., 1100 ALAKEA STREET, SUITE 500, HONOLULU	/s/ Alexander C. Kinzler as Attorney-in-fact for Joshua Horowitz	26 Nov 2025	0001612424

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRN	Common Stock	Purchase	$16K	+14.6K	+8.17%	$1.10	193K	24 Nov 2025	Direct	F1
transaction	BRN	Common Stock	Purchase	$49.5K	+45K	+16.65%	$1.10	315K	24 Nov 2025	By Palm Global Small Cap Master Fund LP	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were acquired in connection with a private placement by the issuer.
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.

Content

These shares were acquired in connection with a private placement by the issuer.

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.