Form 4: Tamboran Director Jeffrey Bellman Plans Significant Stock Acquisition

Tamboran Resources Corp. Director Jeffrey Bellman filed a Form 4 indicating a future acquisition of 5,637 shares of common stock at $17.74 per share, effective July 22, 2025, under a Rule 10b5-1 plan.

Summary

• Jeffrey Lance Bellman, a Director of Tamboran Resources Corp. (TBN), reported a planned acquisition of common stock.
• The transaction is scheduled for July 22, 2025.
• Bellman plans to acquire 5,637 shares of common stock at a price of $17.74 per share.
• This transaction is being made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged purchase.
• Following this acquisition, Bellman's direct beneficial ownership will be 10,639 shares.
• Additionally, Bellman indirectly holds 500 shares through the Bellman 2010 Trust, for a total beneficial ownership of 11,139 shares.

Sentiment

Score: 8

Explanation: The planned acquisition of a significant number of shares by a director, especially under a Rule 10b5-1 plan, indicates strong insider confidence in the company's future and valuation, which is a highly positive signal for investors.

Positives

• A Director of Tamboran Resources Corp. plans to acquire 5,637 shares of common stock, signaling confidence in the company's future prospects.
• The acquisition is part of a Rule 10b5-1 plan, indicating a pre-meditated investment decision rather than a reaction to immediate market conditions.
• The purchase price of $17.74 per share suggests the director sees value at or above this level.

Future Outlook

The filing indicates a future acquisition of common stock by a director, scheduled for July 22, 2025, under a pre-arranged Rule 10b5-1 plan. This suggests a long-term positive outlook from the insider.

Industry Context

Insider buying, particularly by a director, is generally viewed as a positive signal by the market, indicating management's belief in the company's future performance. This action aligns with a broader trend where executives and board members invest in their own companies, often seen as a vote of confidence.

Related Party Transactions

• The filing notes that 500 shares are held indirectly by the Bellman 2010 Trust, for which the reporting person and his spouse are trustees, and the reporting person is a beneficiary. This is a disclosure of an existing indirect ownership structure rather than a new related party transaction.

Stakeholder Impact

• Shareholders: The planned insider purchase may instill greater confidence in the company's stock, potentially leading to increased investor interest and a positive impact on share price.

Next Steps

• Completion of the planned acquisition of 5,637 shares of common stock by Jeffrey Lance Bellman on July 22, 2025.

Key Dates

Recommendation

The planned acquisition of a substantial number of shares by a director, particularly under a pre-arranged Rule 10b5-1 plan, signals strong conviction in the company's future performance and current valuation. Insider buying is often interpreted by the market as a highly positive indicator, suggesting that those closest to the company believe the stock is undervalued or poised for growth. This action provides a strong vote of confidence that seasoned investors would likely view as a compelling reason to consider a "strong buy" position.

Keywords

Tamboran Resources Corp, TBN, Jeffrey Bellman, Director, Insider Trading, Stock Acquisition, Form 4, Rule 10b5-1, Common Stock, Share Purchase