Executive VP - Finance Philip F. Patman Jr. Receives Stock Awards and Incentive Stock Options

On October 27, 2025, Philip F. Patman Jr., Executive Vice President - Finance of Barnwell Industries, Inc., received several stock awards and incentive stock options. The awards include a stock award and a restricted stock unit award, both granted by the Compensation Committee and the Board of Directors. The restricted stock unit award vests in three installments: 34% on 10/27/26, 33% on 10/27/27, and 33% on 10/27/28. Additionally, Patman was granted an incentive stock option award, which also vests in three installments: 34% on 10/27/26, 33% on 10/27/27, and 33% on 10/27/28. The shares of common stock underlying this stock option are 185,000, with an exercise price of $1.21 per share. The stock awards and options are part of Patman's compensation package in his role as Executive Vice President - Finance.