Tamboran Resources (TBN) director receives 2,975 RSUs equity award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

SIEGEL DAVID N reported acquisition or exercise transactions in this Form 4 filing.

Tamboran Resources director David N. Siegel reported a compensation-related equity grant and updated holdings. He received an award of 2,975 restricted stock units (RSUs), each representing a contingent right to one share of Common Stock at no cash cost. The RSUs vest on the earlier of June 1, 2027 or the next annual shareholders' meeting, subject to continued service, and settlement of the common stock has been deferred. Following the grant, he directly holds 358,221 shares of Common Stock, with an additional 122,500 shares reported as indirectly owned by his son.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SIEGEL DAVID N

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,975	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 358,221 shares (Direct, null); Common Stock — 122,500 shares (Indirect, By Son)

Footnotes (1)

[object Object]

Key Figures

RSU grant size: 2,975 RSUs RSU grant price: $0.0000 per unit RSU vesting date: June 1, 2027 or earlier annual meeting +2 more

5 metrics

RSU grant size 2,975 RSUs Award of restricted stock units to director on June 1, 2026

RSU grant price $0.0000 per unit Reported transaction price per RSU for the award

RSU vesting date June 1, 2027 or earlier annual meeting Vesting occurs at the earlier of these dates with continued service

Direct holdings after grant 358,221 shares Common Stock directly held by David N. Siegel after the RSU award

Indirect holdings by son 122,500 shares Common Stock reported as indirectly owned, described as held by son

Key Terms

restricted stock units ("RSUs"), contingent right, annual shareholders' meeting

3 terms

restricted stock units ("RSUs") financial

"Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

contingent right financial

"each of which represents a contingent right to receive one share of Common Stock"

annual shareholders' meeting financial

"will vest on the earlier of (i) June 1, 2027 and (ii) the date of the next annual shareholders' meeting"

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Form 4 Insider Transactions: What Each Field Means →

06/03/2026 - 09:35 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^*

SIEGEL DAVID N

(Last)

(First)

(Middle)

SUITE 01, LEVEL 39, TOWER ONE,

INT'L TOWERS, 100 BARANGAROO AVE.

(Street)

BARANGAROO

AUSTRALIA

NSW 2000

(City)

(State)

(Zip)

AUSTRALIA

(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)
06/01/2026

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	06/01/2026		A		2,975⁽¹⁾	A	$0	358,221	D
Common Stock								122,500	I	By Son

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. 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 on the earlier of (i) June 1, 2027 and (ii) the date of the next annual shareholders' meeting occurring after the grant date, subject to the Reporting Person's continued service with the Issuer through such vesting date. The Reporting Person has deferred receiving the Common Stock.

	/s/ Eric Dyer, Attorney-in-Fact	06/03/2026
	** 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) report for David N. Siegel?

Tamboran Resources reported that director David N. Siegel received an award of 2,975 restricted stock units. Each RSU represents a contingent right to one share of Common Stock, granted as compensation rather than a cash purchase on the open market.

How many Tamboran Resources (TBN) shares does David N. Siegel hold after this Form 4?

After the award, David N. Siegel directly holds 358,221 shares of Tamboran Resources Common Stock. The filing also shows 122,500 additional shares reported as indirectly owned, attributed to his son, reflecting total exposure disclosed in this specific Form 4.

What are the vesting terms of the 2,975 RSUs reported for Tamboran Resources (TBN)?

The 2,975 RSUs vest on the earlier of June 1, 2027 or the next annual shareholders' meeting after the grant date. Vesting requires David N. Siegel’s continued service with Tamboran Resources through the applicable vesting date to receive the underlying common shares.

Did David N. Siegel pay cash for the 2,975 Tamboran Resources (TBN) RSUs?

No, the 2,975 restricted stock units were granted at a reported price of $0.0000 per unit. This indicates a compensation-related equity award, not an open-market purchase, with value realized when the RSUs vest and are settled in common stock.

How are the Tamboran Resources (TBN) RSUs structured for settlement?

Each RSU represents a contingent right to receive one share of Tamboran Resources Common Stock upon vesting. The filing notes that David N. Siegel has deferred receiving the underlying common shares, so actual share delivery will occur later, after the vesting conditions are satisfied.

What indirect Tamboran Resources (TBN) holdings are reported for David N. Siegel?

The Form 4 lists 122,500 shares of Tamboran Resources Common Stock as indirectly owned, described as held “By Son.” This indicates shares attributed through a related person, separate from his 358,221 directly held shares reported in the same filing.