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Tamboran Resources (TBN) director granted 3,318 RSUs in new equity award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Bellman Jeffrey Lance reported acquisition or exercise transactions in this Form 4 filing.

Tamboran Resources Corp director Jeffrey Lance Bellman reported a new equity award and updated his holdings. He received a grant of 3,318 restricted stock units, each representing one share of Common Stock, at a stated price of $0.00 per share as a compensation-related award.

The RSUs will vest in full on January 1, 2027, and he has deferred receiving the underlying Common Stock. Following this grant, Bellman holds 20,259 shares of Common Stock directly and 500 shares indirectly through the Bellman 2010 Trust, where he and his spouse serve as trustees and he disclaims beneficial ownership except to his pecuniary interest.

Positive

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Negative

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Insider Bellman Jeffrey Lance
Role null
Type Security Shares Price Value
Grant/Award Common Stock 3,318 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 20,259 shares (Direct, null); Common Stock — 500 shares (Indirect, By Bellman 2010 Trust)
Footnotes (1)
  1. Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Common Stock. The RSUs will vest in full on January 1, 2027. The Reporting Person has deferred receiving the Common Stock. These securities are held indirectly by the Reporting Person through the Bellman 2010 Trust (the "Trust"), for which the Reporting Person and his spouse are trustees. The Reporting Person is a beneficiary of the Trust and disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.
RSU grant size 3,318 units Restricted stock units granted on May 26, 2026
RSU grant price $0.00 per unit Compensation-related award, not market purchase
RSU vesting date January 1, 2027 Full vesting date for 3,318 RSUs
Direct holdings after grant 20,259 shares Common Stock directly owned following transaction
Indirect trust holdings 500 shares Held by Bellman 2010 Trust, indirect ownership
restricted stock units financial
"Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
pecuniary interest financial
"disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein"
beneficial ownership financial
"disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
contingent right financial
"each of which represents a contingent right to receive one share of Common Stock"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Bellman Jeffrey Lance
(Last)(First)(Middle)
8385 SANCTUARY DRIVE
(Street)
KIRTLAND HILLS OHIO 44060
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Tamboran Resources Corp [ TBN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/26/2026A3,318(1)A$020,259D
Common Stock500IBy Bellman 2010 Trust(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Common Stock. The RSUs will vest in full on January 1, 2027. The Reporting Person has deferred receiving the Common Stock.
2. These securities are held indirectly by the Reporting Person through the Bellman 2010 Trust (the "Trust"), for which the Reporting Person and his spouse are trustees. The Reporting Person is a beneficiary of the Trust and disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.
/s/ Thomas Zentner, Attorney-in-Fact05/28/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Tamboran Resources (TBN) director Jeffrey Bellman report?

Jeffrey Lance Bellman reported receiving 3,318 restricted stock units in Tamboran Resources as a compensation-related equity award. Each RSU represents a contingent right to one share of Common Stock, granted at a stated price of $0.00 per share.

How many Tamboran Resources (TBN) shares does Jeffrey Bellman hold after this Form 4?

After the reported grant, Jeffrey Bellman directly holds 20,259 shares of Tamboran Resources Common Stock and indirectly holds 500 shares through the Bellman 2010 Trust, where he is a trustee and beneficiary with a limited pecuniary interest.

When do Jeffrey Bellman’s new Tamboran Resources (TBN) RSUs vest?

The 3,318 restricted stock units granted to Jeffrey Bellman will vest in full on January 1, 2027. Upon vesting, each RSU entitles him to receive one share of Tamboran Resources Common Stock, subject to his deferral election.

What is the nature of Jeffrey Bellman’s indirect Tamboran Resources (TBN) holdings?

Bellman’s indirect Tamboran Resources holdings are 500 shares held by the Bellman 2010 Trust. He and his spouse are trustees, and he disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in the trust.

Was Jeffrey Bellman’s Tamboran Resources (TBN) RSU grant a market purchase?

No, the 3,318-unit award was coded as a grant or award acquisition, not a market purchase. It represents restricted stock units given as compensation, with a reported price per unit of $0.00 rather than an open-market transaction.