BARNWELL INDUSTRIES INC — Director's Dealing 2023

May 27, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BARNWELL INDUSTRIES INC (BRN)
CIK: 0000010048
Period of Report: 2023-05-25

Reporting Person: SHERWOOD NED L (10% Owner)
Reporting Person: MRMP Managers LLC (10% Owner)
Reporting Person: Ned L. Sherwood Revocable Trust (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-25	Common Stock, par value $0.50 per share	P	105180	$2.61	Acquired	2102960.138	Indirect
2023-05-26	Common Stock, par value $0.50 per share	P	64452	$2.68	Acquired	2167412.138	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.50 per share	238038	Indirect

Footnotes

F1: The price reported represents a weighted average price. These shares were purchased for a price of $2.61 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

F2: The price reported represents a weighted average price. These shares were purchased in two transactions at a price per share of $2.66 and $2.68. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

F3: Shares are held by MRMP-Managers LLC, of which Mr. Sherwood is Chief Investment Officer. Mr. Sherwood disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F4: Shares are held by the Ned L. Sherwood Revocable Trust, of which Mr. Sherwood is the sole trustee and beneficiary. Mr. Sherwood disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.