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BARNWELL INDUSTRIES INC [BRN]

Reporting date: 10/08/2025

⚠️ Bullish Insider Buy Detected

📝 What Happened

  • Insider: GROSSMAN KENNETH S; Horowitz Joshua; McPherson Philip James
  • Role: Directors
  • Company: BARNWELL INDUSTRIES INC (BRN)
  • Transaction Date(s): 2025-10-08
  • Table I (Non-Derivative Securities)
    • Sale : 133,335
    • Average Sale Price: Price not specified
    • Total Value: Not determinable (price not specified)
    • Post-Transaction Direct Holdings: 434,797
    • Indirect Holdings: 270,276
    • 10b5-1 Plan Used? No

📄 Summary

GROSSMAN KENNETH S; Horowitz Joshua; McPherson Philip James, Directors at BARNWELL INDUSTRIES INC (BRN), acquired 133,335 shares on October 8, 2025, with price not specified, with total value not fully determinable. After the transaction, they now hold 434,797 direct shares and 270,276 indirect shares (Palm Global). For retail traders, this is a neutral-to-slightly bullish event: directors received RSU awards, indicating routine compensation alignment with company ownership.

🔑 Interpretation

  • Type: Comp-related — restricted stock unit awards to non-employee directors (transaction code A).
  • Disposition: Shares were acquired/awarded (not sold); no evidence of immediate disposition.
  • Size Context: The aggregate grant (133,335 shares) is meaningful for the individual recipients but appears consistent with routine board compensation; Grossman and Horowitz retain sizable direct stakes, so this looks like compensation-based issuance rather than opportunistic profit-taking.
  • ATH Metric: Using recent-price context (latest available close prior to filing), there is no clear indication these awards were timed at an all-time high or low. Director RSU grants are typically scheduled and not opportunistically timed to market peaks or troughs; nothing in the filing suggests opportunistic timing relative to ATH/ATL levels.
  • Outlier Check: Not unusually large compared to typical single-event director grants; consistent with periodic board awards rather than an outlier sale or acquisition spike.

📊 Bullish or Bearish?

Bullish

Bullish. The filings show net acquisitions (code A) via restricted stock unit awards to multiple directors, which is compensation-driven and increases insider ownership; no sales were reported and price information is not provided, limiting value precision. Cluster activity cannot be determined from this filing alone.

✅ Bottom Line (Retail Takeaway)

This transaction looks like routine comp-related grants to directors rather than a bearish signal. For retail traders, it’s largely noise — not a tradeable event on its own unless corroborated by coordinated sales from multiple senior executives or unusual volume patterns.