Joshua Horowitz - Aug 21, 2024 Form 4 Insider Report for BARNWELL INDUSTRIES INC (BRN)

Role
Director
Signature
/s/ Joshua S. Horowitz
Stock symbol
BRN
Transactions as of
Aug 21, 2024
Transactions value $
$38,927
Form type
4
Date filed
8/23/2024, 05:31 PM
Previous filing
Aug 20, 2024
Next filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRN Common Stock Purchase $15.7K +7K +2.76% $2.24 260K Aug 21, 2024 By Palm Global Small Cap Master Fund LP F1, F2
transaction BRN Common Stock Purchase $23.2K +10.1K +3.88% $2.30 270K Aug 23, 2024 By Palm Global Small Cap Master Fund LP F2, F3
holding BRN Common Stock 42.4K Aug 21, 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported represents a weighted average of the per share price for the shares purchased on August 21, 2024. These shares were purchased in multiple transactions at prices ranging from $2.21 to $2.27 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 The price reported represents a weighted average of the per share price for the shares purchased on August 23, 2024. These shares were purchased in multiple transactions at prices ranging from $2.25 to $2.32 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.