Form 4: Barnwell Director Joshua Horowitz Awarded 65,000 Shares

Barnwell Industries Director Joshua Horowitz received an award of 65,000 shares of common stock, increasing his direct beneficial ownership to 133,867 shares.

Summary

• Joshua Horowitz, a Director of Barnwell Industries Inc. (BRN), acquired 65,000 shares of common stock.
• This acquisition was an award to a non-employee director, granted by the Board of Directors on September 30, 2025.
• Following this transaction, Mr. Horowitz directly beneficially owns 133,867 shares of Common Stock.
• He also indirectly beneficially owns 270,276 shares through Palm Global Small Cap Master Fund LP.
• Palm Management (US) LLC and Mr. Horowitz expressly disclaim beneficial ownership of the indirectly held shares except to the extent of their pecuniary interest therein.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director through an award is generally viewed positively as it aligns management's interests with shareholders, though it's a routine compensation event rather than a significant strategic move.

Positives

• Director Joshua Horowitz received a significant award of 65,000 common stock shares, aligning his interests further with shareholders.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Joshua Horowitz's indirect beneficial ownership of 270,276 shares through Palm Global Small Cap Master Fund LP, where he holds positions as a portfolio manager and special limited partner, and is an employee of Palm Management (US) LLC, which manages Palm Global. Mr. Horowitz disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with shareholders due to direct stock ownership.

Key Dates

Recommendation

This Form 4 reports a routine stock award to a director, which is a positive for aligning management interests with shareholders. However, it does not provide sufficient new information to change an investment thesis or warrant a strong buy or sell recommendation. It's a standard compensation event.

Keywords

BRN, Barnwell Industries, Joshua Horowitz, Form 4, Director, Stock Award, Insider Transaction, Equity Compensation