Parris Lyndell Joanne 4

What Happened

• Parris Lyndell Joanne, a director of Barrel Energy Inc. (BRLL), was issued 10,000,000 shares of common stock as compensation for board services on July 22, 2026. The filing reports an acquisition price of $0.00 per share and a total reported value of $10,000. The reporting person paid no cash for the shares; this was a grant/award rather than an open-market purchase or sale.

Key Details

• Transaction date: July 22, 2026; Filing date: July 23, 2026 (filed timely).
• Reported price: $0.00 per share; reported aggregate value: $10,000 (implied value ≈ $0.001 per share).
• Shares received: 10,000,000 common shares (grant/award, code A).
• Shares owned after transaction: Not disclosed in the information provided.
• Footnote: F1 states the shares were issued as compensation for board services pursuant to Board authorization effective July 22, 2026; no cash consideration was paid.
• No indication this was a 10% owner transaction, and the filing appears timely (no late filing flag).

Context

• This was a compensation grant to a director—such awards reflect board pay practices and do not necessarily signal the insider’s view on the stock. Because the reporting form shows a $0.00 per-share price but an aggregate reported value of $10,000, the implied per-share valuation in the filing is about $0.001. Grants increase the company’s outstanding shares and can dilute existing holders; they are routine for compensating directors.