Form 4: Joshua Horowitz of Barnwell Industries Increases Indirect Holdings Through Palm Global Small Cap Master Fund LP

Director Joshua Horowitz reports increased indirect ownership of Barnwell Industries Inc. common stock through purchases by Palm Global Small Cap Master Fund LP.

Summary

• Joshua Horowitz, a director of Barnwell Industries Inc., reported changes in his beneficial ownership of the company's common stock.
• These changes reflect purchases made by Palm Global Small Cap Master Fund LP, where Horowitz may be deemed a beneficial owner due to his position with Palm Management (US) LLC.
• On February 29, 2024, Palm Global purchased 1,208 shares at an average price of $2.23.
• On March 1, 2024, Palm Global purchased 8,252 shares at an average price of $2.27.
• On March 4, 2024, Palm Global purchased 2,203 shares at an average price of $2.27.
• Following these transactions, the total number of shares beneficially owned indirectly by Horowitz through Palm Global is 253,180, excluding the 42,412 shares directly owned.
• Horowitz and Palm Management (US) LLC disclaim beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about changes in ownership.

Positives

• Increased ownership by a director could be interpreted as a positive signal about the company's prospects.

Industry Context

Form 4 filings are a routine part of the regulatory landscape, providing transparency into the trading activities of company insiders. This filing indicates changes in the holdings of a director, which is a common occurrence.

Stakeholder Impact

• The change in ownership may be of interest to shareholders, as it reflects the investment activity of a company director.

Key Dates