Bradley Louis Radoff Reports Passive Decrease in Barnwell Industries Ownership Percentage to 11.4%

On April 14, 2026, Bradley Louis Radoff filed an amendment to his Schedule 13D regarding his holdings in Barnwell Industries Inc (BRN). The filing reports that Radoff and the Radoff Family Foundation collectively beneficially own 1,680,271 shares, representing 11.4% of the company's outstanding common stock. This reflects a decrease in ownership percentage from the previously reported 12.8%, despite the absolute number of shares held remaining unchanged at 1,680,271. The reporting person explicitly stated that this amendment was triggered solely by a change in the issuer's total number of outstanding shares, which increased to 14,233,259 as of April 9, 2026, following a Prospectus Supplement filing. The reported total includes 560,090 shares underlying common warrants exercisable within 60 days. There have been no new transactions by the reporting persons since the previous amendment. Mr. Radoff maintains sole voting and dispositive power over 840,136 shares and shares power over the 840,135 shares held by the Radoff Family Foundation.