# EDGAR Filing Document

**Accession Number:** 0000010048
**File Stem:** 0000929638-25-002512
**Filing Date:** 2025-7
**Character Count:** 9036
**Document Hash:** c2231aadd46f499cabddc439f5b61e56
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-25-002512.hdr.sgml**: 20250703

**ACCESSION NUMBER**: 0000929638-25-002512

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250703

**DATE AS OF CHANGE**: 20250703

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BARNWELL INDUSTRIES INC
- **CENTRAL INDEX KEY:** 0000010048
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 720496921
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-20279
- **FILM NUMBER:** 251105613

**BUSINESS ADDRESS:**
- **STREET 1:** 1100 ALAKEA ST.
- **STREET 2:** SUITE 500
- **CITY:** HONOLULU
- **STATE:** HI
- **ZIP:** 96813
- **BUSINESS PHONE:** 808-531-8400

**MAIL ADDRESS:**
- **STREET 1:** 1100 ALAKEA ST.
- **STREET 2:** SUITE 500
- **CITY:** HONOLULU
- **STATE:** HI
- **ZIP:** 96813

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BMA CORP/TN
- **DATE OF NAME CHANGE:** 19770324

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BARNWELL OFFSHORE INC
- **DATE OF NAME CHANGE:** 19671101
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Barnwell Industries, Inc. Employees' Pension Plan Trust
- **CENTRAL INDEX KEY:** 0002074670

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** 1100 ALAKEA STREET
- **STREET 2:** SUITE 500
- **CITY:** HONOLULU
- **STATE:** HI
- **ZIP:** 96813
- **BUSINESS PHONE:** 808-531-8400

**MAIL ADDRESS:**
- **STREET 1:** 1100 ALAKEA STREET
- **STREET 2:** SUITE 500
- **CITY:** HONOLULU
- **STATE:** HI
- **ZIP:** 96813

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**BARNWELL INDUSTRIES INC**

*(Name of Issuer)*

**Common stock, par value $0.50 per share**

*(Title of Class of Securities)*

**068221100**

*(CUSIP Number)*

**Justin W. Chairman, Esq.**<br>Morgan, Lewis & Bockius LLP<br>2222 Market Street<br>Philadelphia PA 19103<br>(215) 963-5000

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/26/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **068221100** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Barnwell Industries, Inc. Employees' Pension Plan Trust** | Name of reporting person<br>**Barnwell Industries, Inc. Employees' Pension Plan Trust** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**NEW JERSEY** | Citizenship or place of organization<br>**NEW JERSEY** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**520350.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**520350.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**520350.00** | Aggregate amount beneficially owned by each reporting person<br>**520350.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.2%** | Percent of class represented by amount in Row (11)<br>**5.2%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**EP** | Type of Reporting Person (See Instructions)<br>**EP** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common stock, par value $0.50 per share

**(b) Name of Issuer:**
BARNWELL INDUSTRIES INC

**(c) Address of Issuer's Principal Executive Offices:**
1100 Alakea Street, Suite 500, Honolulu, HI, 96813

**Item 4. Purpose of Transaction**

All of the shares of Common Stock that may be deemed to be beneficially owned by the Reporting Person, as reported herein, were acquired for investment purposes. The Reporting Person retains the right to change their investment intent, from time to time, to acquire additional shares of Common Stock or other securities of the Issuer, or to sell or otherwise dispose of all or part of the Common Stock or other securities of the Issuer, if any, beneficially owned by them, in any manner permitted by law. The Reporting Person may engage from time to time in ordinary course transactions with financial institutions with respect to the securities described herein.

The Reporting Person intends to explore the purchase of additional shares of Common Stock. The Reporting Person intends to acquire these additional shares in public market or private transactions (which may include purchases from existing stockholders or the Issuer) subject to market conditions and legal and regulatory requirements, at prices and other terms acceptable to the Reporting Person. To that effect, the Reporting Person may enter into agreements with a broker, intended to comply with the requirements of Rule 10b5-1(c)(1)(i) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Reporting Person makes no commitment in terms of the timing of such transactions, which will depend on market conditions, including the price and availability of shares of Common Stock, and on such other factors considered relevant to the Reporting Person.

Except as described above, the Reporting Person currently has no other plans or proposals that would be related to or would result in any of the matters described in Items 4(a)-(j) of the Instructions to Schedule 13D. However, as part of the ongoing evaluation of investment and investment alternatives, the Reporting Person may consider such matters and, subject to applicable law, may formulate a plan with respect to such matters, and, from time to time, may hold discussions with or make formal proposals to management or the board of directors of the Issuer or other third parties regarding such matters.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Information in Rows 11 and 13 of the cover page are incorporated into this Item 5(a) by reference. 

The Reporting Person's aggregate percentage beneficial ownership of the total amount of Common Stock outstanding is 5.2%, based on a total of 10,053,534 shares of Common Stock issued and outstanding as of May 12, 2025, as reported in the Issuers' quarterly report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on May 15, 2025. 

The Reporting Person disclaims beneficial ownership of all the shares of Common Stock included in this report, except to the extent of any pecuniary interest therein, and the filing of this report shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Exchange Act, or for any other purpose.

**(b)**
Information in Rows 7 to 10 of the cover page are incorporated into this Item 5(b) by reference.

**(c)**
The Reporting Person made the following open market purchases of shares of Common Stock during the past sixty days:
            
Transaction      Shares	Purchase Price 
Date             Purchased	Per Share
6/30/2025        5,000	$1.18
6/27/2025        5,000	$1.26
6/26/2025        5,000	$1.27
6/26/2025        2,250	$1.23
6/26/2025        1,423	$1.24
5/29/2025        1,354	$1.32
5/28/2025        607		$1.32
5/23/2025        596		$1.32
5/22/2025        2,500	$1.31
5/22/2025        208		$1.30
5/21/2025        235		$1.32
5/20/2025        1,090	$1.28
5/19/2025        200		$1.27

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

None.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Barnwell Industries, Inc. Employees' Pension Plan Trust

**Signature:** /s/ Alex Kinzler

**Name/Title:** By: Alex Kinzler/Trustee

**Date:** 07/03/2025