10/29/2025 | Press release | Distributed by Public on 10/29/2025 14:11
| 
            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 | ||||||||
| Incentive Stock Option (Right to Buy) | $1.21 | 10/27/2025 | A(3) | 185,000 | (3) | 10/27/2035 | Common Stock | 185,000 | $ 0 | 185,000 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Patman Philip F Jr C/O BARNWELL INDUSTRIES, INC. 1100 ALAKEA STREET, SUITE 500 HONOLULU, HI 96813 | X | Executive VP - Finance | ||
| /s/ Alexander C. Kinzler Attorney-in-fact 10/29/25 for Philip F. Patman, Jr. | 10/29/2025 | |
| **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 a stock award to Mr. Patman in his capacity as Executive Vice President - Finance pursuant to a grant by the Compensation Committee and the Board of Directors of Barnwell Industries, Inc. on October 27, 2025. | 
| (2) | Represents a restricted stock unit award to Mr. Patman in his capacity as Executive Vice President - Finance pursuant to a grant by the Compensation Committee and the Board of Directors of Barnwell Industries, Inc. on October 27, 2025. The restricted stock unit award vests in three installments as follows: 34% on 10/27/26; 33% on 10/27/27; 33% on 10/27/28. | 
| (3) | Represents an incentive stock option award to Mr. Patman in his capacity as Executive Vice President - Finance pursuant to a grant by the Compensation Committee and the Board of Directors of Barnwell Industries, Inc. on October 27, 2025. The shares of common stock underlying this stock option shall vest in three installments as follows: 34% on 10/27/26; 33% on 10/27/27; 33% on 10/27/28. |