Barnwell Industries (BRN) CFO Philip F. Patman Buys 6,956 Shares

What Happened

• Philip F. Patman Jr., CFO, Treasurer and a director of Barnwell Industries (BRN), reported open‑market purchases of common stock. He acquired 5,219 shares on 2026‑09‑08 at $1.00 each ($5,219) and 1,737 shares on 2026‑09‑09 at $1.00 each ($1,737), for a combined 6,956 shares purchased for approximately $6,956. These were purchases (code P), which investors often view as a more informative signal than routine sales.

Key Details

• Transaction dates and prices: 2026‑09‑08 — 5,219 shares @ $1.00; 2026‑09‑09 — 1,737 shares @ $1.00. Filing lists weighted‑average prices; some lots noted as between $1.00 and $1.01 per share.
• Total acquired: 6,956 shares for ~$6,956.
• Filing date: 2026‑09‑10. The Form 4 was filed promptly and appears timely.
• Shares owned after the transactions: not disclosed in the provided excerpt of the filing.
• Notable footnotes: F1 — purchases were open‑market per the issuer’s trading policies; F2/F4 — reported prices are weighted averages and purchases occurred in multiple transactions (ranges cited $1.00–$1.01); F3 — Mr. Patman is sole trustee of an exempt trust and disclaims beneficial ownership except to his pecuniary interest; F5 — filing also notes certain holdings are restricted stock awards.

Context

• These were direct open‑market purchases, not option exercises, gifts, or award vesting. The trust disclosure (F3) means some shares are reported in connection with a trust rather than direct personal ownership; that can affect how beneficial ownership is interpreted. The dollar amounts here are small in absolute terms, so investors should weigh this alongside other insider activity and company fundamentals.