STONEBURNER RICHARD K 4

What Happened
Richard K. Stoneburner, a director of Tamboran Resources Corp (TBN), was granted two awards on January 16, 2026, each for 11,904 shares at $21.00 per share. The combined grant equals 23,808 shares with a total reported value of $499,968 (two awards of $249,984 each). The Form 4 shows these as acquisitions/awards (transaction code A), meaning the insider received shares rather than selling them.

Key Details

• Transaction date: 2026-01-16; grant price reported at $21.00 per share.
• Shares granted: 11,904 + 11,904 = 23,808 shares.
• Total reported value: $249,984 + $249,984 = $499,968.
• Filing date: 2026-01-21 — the Form 4 was filed five days after the transaction date (late filing relative to the typical 2-business-day reporting window).
• Shares owned after transaction: Not disclosed in the provided filing information.
• Transaction code: A (award/grant). No 10b5-1 plan, tax-withholding, or other special footnotes were disclosed in the provided data.

Context
An award/grant increases an insider’s reported holdings and is different from an open-market purchase (which involves buying shares) or a sale. Awards to directors are often part of compensation/retention programs; the Form 4 entry itself does not state vesting terms or whether the shares are restricted. The late filing means the market received the public disclosure several days after the transaction occurred, which reduces timeliness of disclosure for investors.