SIEGEL DAVID N 4
Research Summary
AI-generated summary
Tamboran Resources (TBN) Director David N. Siegel Gifts 100,000 Shares
What Happened
- David N. Siegel, a director of Tamboran Resources Corp. (TBN), reported a gift of 100,000 shares of the company’s common stock on January 20, 2026. The transaction is reported as a gift (code G) at $0.00 per share, with a reported total value of $0.
Key Details
- Transaction date: 2026-01-20; Price per share reported: $0.00; Total reported value: $0.
- Filing date (Form 4): 2026-02-05 — appears to be filed 16 days after the transaction (i.e., late under the typical two-business-day Form 4 rule).
- Footnote: The filer corrected a prior understatement of shares beneficially owned; the Form 4 states Column 5 (beneficial ownership after the transaction) was corrected (see Footnote F1).
- Post-transaction beneficial ownership: Not specified in the summary data provided here; the filing notes a correction to previously reported ownership.
Context
- Gifts are non-market transfers and do not necessarily reflect the insider’s view of the company’s prospects; they can be for personal, estate-planning, or charitable reasons. The late filing may be a disclosure compliance issue but does not by itself indicate trading intent or market impact.