11/10/2026 | Press release | Distributed by Public on 11/10/2026 17:30
|
FORM 4
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|
||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
|
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Option (right to buy) | $1 | 11/06/2026 | A | 321,126 | (3) | 11/06/2029 | Common Stock | 321,126 | $ 0 | 321,126 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
|
Patman Philip F Jr C/O BARNWELL INDUSTRIES, INC. 24 GREEN PLAZA, SUITE 1800Q HOUSTON, TX 77046 |
X | CFO and Treasurer | ||
| /s/ Philip F. Patman, Jr. | 11/10/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Represents 270,000 restricted stock units ("RSUs") granted pursuant to the Barnwell Industries, Inc. 2018 Equity Incentive Plan, as amended and restated (the "Plan"). Each RSU represents a contingent right to receive one share of common stock upon vesting. The RSUs will vest in full upon, and subject to, the consummation of a Board-approved strategic transaction. |
| (2) | The total reported in Column 5 includes (i) the 270,000 newly awarded RSUs, (ii) 54,917 RSUs of which none have vested, and (iii) 164,640 shares of common stock. |
| (3) | The stock option was granted pursuant to the Plan and will become exercisable upon, and subject to, the consummation of a Board-approved strategic transaction. |