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
The following table provides information regarding purchases of Barnwell common stock by the Barnwell Industries, Inc. Employee's Pension Plan Trust during the three months ended December 31, 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)
October 1-31, 2025
10,219 $1.38 — —
November 1-31, 2025
— — — —
December 1-31, 2025
— — — —
Total 10,219
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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.
In addition, during the three months ended December 31, 2025, the Company issued shares of common stock and warrants in a private placement. The information required by this Item with respect to the private placement was previously reported on the Company’s Current Report on Form 8-K filed with the SEC on November 26, 2025.
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