Dalton Ryan 4

What Happened
Dalton Ryan, a director of Tamboran Resources Corp (TBN), was granted/acquired 23,809 shares on January 16, 2026. The reported acquisition price is $21.00 per share, for a total value of $499,989. This transaction is coded as an award/grant (SEC code A), i.e., an acquisition rather than a sale.

Key Details

• Transaction date: 2026-01-16; filing date (Form 4): 2026-01-21. The filing was submitted five days after the transaction (Form 4s are generally due within 2 business days).
• Price per share: $21.00; Shares acquired: 23,809; Total value: $499,989.
• Transaction code: A (award/grant/other acquisition).
• Shares owned after the transaction: Not specified in the provided filing.
• No footnotes, 10b5-1 plan, cashless sale, or tax-withholding details were provided in the supplied data.

Context
An "A" code award typically reflects compensation (e.g., restricted stock award) or other non-open-market acquisitions; such grants can be part of director compensation and don’t necessarily signal the director’s personal cash investment. Purchases and awards are often watched by investors as a positive signal, but the filing alone does not explain intent.