Joshua Horowitz - 20 Dec 2023 Form 4 Insider Report for BARNWELL INDUSTRIES INC (BRN)

Role: Director
Signature: By: /s/ Joshua Horowitz
Issuer symbol: BRN
Transactions as of: 20 Dec 2023
Net transactions value: +$63,304
Form type: 4
Filing time: 22 Dec 2023, 17:53:51 UTC
Previous filing: 22 Dec 2023
Next filing: 03 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRN	Common Stock	Purchase	$22,700	+10,000	+4.7%	$2.27	224,308	20 Dec 2023	By Palm Global Small Cap Master Fund LP	F1, F2
transaction	BRN	Common Stock	Purchase	$7,284	+3,209	+1.4%	$2.27	227,517	21 Dec 2023	By Palm Global Small Cap Master Fund LP	F1, F2
transaction	BRN	Common Stock	Purchase	$33,320	+14,000	+6.2%	$2.38	241,517	22 Dec 2023	By Palm Global Small Cap Master Fund LP	F1, F2
holding	BRN	Common Stock						42,412	20 Dec 2023	Direct

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.20 to $2.29, inclusive, on December 20, 2023, prices ranging from $2.26 to $2.35, inclusive, on December 21, 2023, and prices ranging from $2.315 to $2.42, inclusive, on December 22, 2023. The reporting person undertakes to provide to the registrant, any security holder of the registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
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 position with Palm Global and Palm Management (US) LLC, the Reporting Person 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 the Reporting Person expressly disclaim such beneficial ownership except to the extent of his pecuniary interest therein.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.20 to $2.29, inclusive, on December 20, 2023, prices ranging from $2.26 to $2.35, inclusive, on December 21, 2023, and prices ranging from $2.315 to $2.42, inclusive, on December 22, 2023. The reporting person undertakes to provide to the registrant, any security holder of the registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

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 position with Palm Global and Palm Management (US) LLC, the Reporting Person 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 the Reporting Person expressly disclaim such beneficial ownership except to the extent of his pecuniary interest therein.