Tamboran Resources (TBN) director buys 10,000 shares in open market

Rhea-AI Filing Summary

Tamboran Resources Corp director Phillip Z. Pace bought 10,000 shares of Common Stock in an open-market purchase. The weighted average price was $36.9865 per share, with trades executed between $36.965 and $37.00. Following this transaction, he directly owns 35,809 shares of Tamboran Resources Corp.

Insider Trade Summary

Net Buyer: 10,000 shares ($369,865)

Net Buy 1 txn

Insider PACE PHILLIP Z

Role Director

Bought 10,000 shs ($370K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	10,000	$36.9865	$370K

Holdings After Transaction: Common Stock — 35,809 shares (Direct)

Footnotes (1)

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Key Figures

Shares purchased: 10,000 shares Weighted average purchase price: $36.9865 per share Price range: $36.965 to $37.00 per share +1 more

4 metrics

Shares purchased 10,000 shares Open-market purchase of Tamboran Resources Common Stock

Weighted average purchase price $36.9865 per share Price for the 10,000-share open-market purchase

Price range $36.965 to $37.00 per share Range of prices for multiple purchase executions

Shares owned after transaction 35,809 shares Director Phillip Z. Pace’s direct holdings following the purchase

Key Terms

open-market purchase, weighted average price, Common Stock, Form 4

4 terms

open-market purchase financial

"The transaction was described as an open-market purchase of Common Stock."

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Common Stock financial

"The security involved in the transaction is described as 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 regulatory

"The insider reported the transaction on a Form 4 filed with the SEC."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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^*

PACE PHILLIP Z

(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)
04/13/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/13/2026		P		10,000	A	$36.9865(1)	35,809	D

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:

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $36.965 to $37.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.

	/s/ Rohan Vardaro, Attorney-in-Fact	04/15/2026
	** 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)

FAQ

What insider transaction did Tamboran Resources Corp (TBN) report?

Tamboran Resources Corp reported that director Phillip Z. Pace bought 10,000 shares of Common Stock. The purchase was an open-market transaction at a weighted average price of $36.9865 per share, increasing his direct ownership to 35,809 shares.

At what price did Phillip Z. Pace buy Tamboran Resources (TBN) shares?

Phillip Z. Pace bought Tamboran Resources Common Stock at a weighted average price of $36.9865 per share. According to the filing, individual trades occurred in a range from $36.965 to $37.00 per share during the open-market purchase.

How many Tamboran Resources (TBN) shares does Phillip Z. Pace now own?

After the reported open-market purchase, director Phillip Z. Pace directly owns 35,809 shares of Tamboran Resources Common Stock. His holdings increased by 10,000 shares as a result of the recent Form 4 transaction disclosed to the SEC.

Was the Tamboran Resources (TBN) insider trade an open-market purchase?

Yes, the transaction was classified as an open-market purchase of Common Stock. The Form 4 identifies the code as “P,” meaning a purchase in the open market or a private transaction, with shares bought between $36.965 and $37.00 each.

Who is the insider involved in the latest Tamboran Resources (TBN) Form 4?

The insider is Phillip Z. Pace, a director of Tamboran Resources Corp. He filed a Form 4 reporting the open-market purchase of 10,000 shares of Common Stock, bringing his direct ownership position to a total of 35,809 shares.