SIEGEL DAVID N 4

What Happened David N. Siegel, a director of Tamboran Resources Corp (TBN), was granted an award of 3,625 restricted shares on May 26, 2026. The shares were acquired at $0.00 per share (no cash paid). The restricted stock will vest in full on January 1, 2027. The reporting person has deferred receiving the Common Stock.

Key Details

• Transaction date: 2026-05-26; Form 4 filed 2026-05-28 (timely filing, 2 days after transaction).
• Transaction type/code: Award/Grant (A) — restricted stock.
• Shares granted: 3,625 shares at $0.00 per share (no cash exchanged).
• Vesting: Entire award vests on January 1, 2027 (per footnote).
• Deferred receipt: Reporting person has deferred receiving the common stock (per footnote).
• Shares owned after transaction: Not specified in the filing.

Context Restricted stock awards are compensation and are subject to vesting conditions; they do not represent an immediate open-market purchase or sale. Because the award is deferred and subject to vesting, it should be viewed as part of compensation rather than a direct bullish or bearish trading signal.