Joshua Horowitz - 10 Dec 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: 10 Dec 2025
Transactions value $: $0
Form type: 4
Filing time: 12 Dec 2025, 16:48:53 UTC
Previous filing: 26 Nov 2025
Next filing: 18 Dec 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	12 Dec 2025	0001612424

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRN	Common Stock	Award		+9.35K	+4.85%		202K	10 Dec 2025	Direct	F1
holding	BRN	Common Stock						315K	10 Dec 2025	By Palm Global Small Cap Master Fund LP	F2

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

Explanation of Responses:

Id	Content
F1	Represents a restricted stock award to Mr. Horowitz pursuant to a grant by the Board of Directors of Barnwell Industries, Inc. on December 10, 2025. The restricted stock unit award vests in one installment on September 30, 2026.
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

Represents a restricted stock award to Mr. Horowitz pursuant to a grant by the Board of Directors of Barnwell Industries, Inc. on December 10, 2025. The restricted stock unit award vests in one installment on September 30, 2026.

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.