Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
On July 3, 2025, the Barnwell Industries, Inc. Employees’ Pension Plan Trust filed a Schedule 13D with the Securities and Exchange Commission, reporting beneficial ownership of 520,350 shares of Barnwell common stock representing more than 5% of the Company’s common shares outstanding.
The following table provides information regarding purchases of Barnwell common stock by the Pension Plan during the three months ended June 30, 2025:
(a) (b) (c) (d)
Period Total number
of shares purchased (1)
Average price paid per
share (1)
Total number
of shares purchased as part of publicly announced plans or programs (2)
Maximum number of shares that may yet be purchased under the plans or programs (2)
April 1 - April 30, 2025 23,201 $1.50 — —
May 1 - May 31, 2025 6,790 $1.31 — —
June 1 - June 30, 2025 18,673 $1.24 — —
Total 48,664
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(1) Represents shares of common stock purchased by the Barnwell Pension Plan, an affiliated purchaser, and the transactions were all made in the open market.
(2) The Company does not have a publicly announced plan or program to purchase shares of our common stock. Accordingly, there were no shares purchased as part of a publicly announced plan or program.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.