Tamboran director acquires 16,000 shares at $21

Tamboran Resources Corp director David N. Siegel reported new share acquisitions.

Rhea-AI Filing Summary

Tamboran Resources Corp director David N. Siegel reported new share acquisitions. On January 16, 2026, he acquired 10,000 shares of Tamboran common stock at $21 per share in a directly held account, bringing his directly owned stake to 301,621 shares.

On the same date, an additional 6,000 shares of common stock at $21 per share were acquired and are held indirectly through his son, increasing that indirect position to 13,000 shares. The filing also notes 40,000 shares held indirectly through DNS Capital Partners LLC, reflecting an existing ownership position associated with Siegel.

Insider Trade Summary

Grant/Award: 16,000 shares

Grant/Award 3 txns

Insider SIEGEL DAVID N

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	10,000	$21.00	$210K
Grant/Award	Common Stock	6,000	$21.00	$126K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 301,621 shares (Direct); Common Stock — 13,000 shares (Indirect, By Son); Common Stock — 40,000 shares (Indirect, By DNS Capital Partners LLC)

FAQ

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What insider activity did Tamboran Resources Corp (TBN) report on this Form 4?

The Form 4 reports that director David N. Siegel acquired 10,000 shares of Tamboran common stock directly and 6,000 shares indirectly through his son, both at $21 per share, on January 16, 2026.

How many Tamboran (TBN) shares does David N. Siegel now own directly and indirectly?

After the reported transactions, David N. Siegel beneficially owns 301,621 shares of Tamboran common stock directly, 13,000 shares indirectly through his son, and 40,000 shares indirectly through DNS Capital Partners LLC.

What was the purchase price of the Tamboran (TBN) shares in the reported transactions?

Both the 10,000 directly held shares and the 6,000 shares held indirectly through his son were acquired at a price of $21 per share on January 16, 2026.

What is the role of David N. Siegel at Tamboran Resources Corp (TBN)?

David N. Siegel is listed as a director of Tamboran Resources Corp in this Form 4 filing.

How are the indirect Tamboran (TBN) share holdings structured for David N. Siegel?

The filing shows 13,000 shares of Tamboran common stock held indirectly through his son and an additional 40,000 shares held indirectly through DNS Capital Partners LLC.

Does this Tamboran (TBN) Form 4 include any derivative securities?

No derivative securities are reported. The table for derivative securities shows no entries, indicating that only common stock positions are disclosed in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/21/2026 - 04:30 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SIEGEL DAVID N

(Last) (First) (Middle)

SUITE 01, LEVEL 39, TOWER ONE,

INT'L TOWERS, 100 BARANGAROO AVE.

(Street)

BARANGAROO C3 NSW 2000

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Tamboran Resources Corp [ TBN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/16/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/16/2026		A		10,000	A	$21	301,621	D
Common Stock	01/16/2026		A		6,000	A	$21	13,000	I	By Son
Common Stock								40,000	I	By DNS Capital Partners LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Eric Dyer, Attorney-in-Fact	01/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.