Bellman Jeffrey Lance 4

What Happened
Jeffrey Lance Bellman, a director of Tamboran Resources Corp (TBN), received an award of 3,318 restricted stock units (RSUs) on May 26, 2026. The RSUs were granted at a $0 acquisition price (typical for awards) and represent contingent rights to receive common shares. The RSUs will vest in full on January 1, 2027; the reporting person has elected to defer receipt of the underlying common stock.

Key Details

• Transaction date: May 26, 2026; Form 4 filed May 28, 2026 (two days after the transaction).
• Transaction type/code: A — Award/Grant (3,318 RSUs) at $0.00 per share.
• Vesting: RSUs vest in full on January 1, 2027 (footnote F1). Reporting person has deferred receiving the shares.
• Ownership/holding: These securities are held indirectly through the Bellman 2010 Trust, for which Mr. Bellman and his spouse are trustees; he disclaims beneficial ownership except to the extent of his pecuniary interest (footnote F2). The filing does not state total shares owned following the grant.
• No indication of tax withholding sale, 10b5-1 plan, or late-filing flag in the filing.

Context
RSUs are a form of equity compensation that convert to actual shares on vesting; they do not require an immediate cash outlay and are not a sale. Awards like this are routine for alignment with company performance or retention and do not, by themselves, indicate the insider is buying or selling stock.