What is the Bellman 2010 Trust’s role in Tamboran Resources (TBN) share ownership?

The Form 4 shows 500 Tamboran common shares held indirectly by the Bellman 2010 Trust. Bellman and his spouse are trustees, and he is a beneficiary. He disclaims beneficial ownership of these trust-held shares except for his pecuniary interest, as noted in the footnote.

Tamboran (TBN) director Bellman awarded 1,541 shares at $35, now holds 16,941

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

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 receiving a compensation-related grant of 1,541 shares of Common Stock on April 14, 2026 at $35.00 per share. This award increased his directly held position to 16,941 shares of Tamboran common stock.

The filing also lists 500 shares of common stock held indirectly by the Bellman 2010 Trust, where Bellman and his spouse serve as trustees. He is a beneficiary of the trust and disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bellman Jeffrey Lance

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,541	$35.00	$54K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 16,941 shares (Direct); Common Stock — 500 shares (Indirect, By Bellman 2010 Trust)

Footnotes (1)

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Key Figures

Stock grant size: 1,541 shares Grant price: $35.00 per share Direct holdings after grant: 16,941 shares +1 more

4 metrics

Stock grant size 1,541 shares Common Stock grant to director on April 14, 2026

Grant price $35.00 per share Price for awarded Common Stock on April 14, 2026

Direct holdings after grant 16,941 shares Director’s direct Tamboran Common Stock position following transaction

Indirect trust holdings 500 shares Shares held by Bellman 2010 Trust, reported as indirect ownership

Key Terms

grant, award, or other acquisition, indirectly, pecuniary interest, beneficial ownership, +1 more

5 terms

grant, award, or other acquisition financial

"The award is classified as a grant, award, or other acquisition, reflecting compensation"

indirectly financial

"The filing also lists 500 shares of common stock held indirectly by the Bellman 2010 Trust"

pecuniary interest financial

"He is a beneficiary of the trust and disclaims beneficial ownership of the securities except to the extent of his pecuniary interest"

beneficial ownership financial

"He is a beneficiary of the trust and disclaims beneficial ownership of the securities"

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.

Common Stock financial

"reported receiving a compensation-related grant of 1,541 shares of Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

04/16/2026 - 09:00 PM

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^*

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

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

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/14/2026		A		1,541	A	$35	16,941	D
Common Stock								500	I	By Bellman 2010 Trust⁽¹⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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-Fact	04/16/2026
	** 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.
* 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?

Director Jeffrey Lance Bellman reported a grant of 1,541 Tamboran Resources common shares on April 14, 2026 at $35.00 per share. The award is classified as a grant, award, or other acquisition, reflecting compensation rather than an open-market stock purchase.

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

After the reported grant, Jeffrey Bellman directly holds 16,941 shares of Tamboran Resources common stock. The Form 4 also shows 500 additional shares held indirectly through the Bellman 2010 Trust, where he is a trustee and beneficiary with a disclosed pecuniary interest.

Was Jeffrey Bellman’s Tamboran (TBN) Form 4 transaction a market purchase or a grant?

The Form 4 classifies the transaction as a grant, award, or other acquisition under code A, not an open-market purchase. Bellman received 1,541 shares of common stock at $35.00 per share as part of a compensation-related award rather than buying the shares in the market.

Does Jeffrey Bellman disclaim beneficial ownership of any Tamboran (TBN) shares in this filing?

Yes. For the 500 shares held by the Bellman 2010 Trust, Bellman disclaims beneficial ownership except to the extent of his pecuniary interest. The filing explains he and his spouse are trustees of the trust, which holds these Tamboran Resources common shares indirectly on his behalf.