Director STONEBURNER RICHARD K bought 8,500 shares of TBN at $24.00 (2024-06-28); 7 other insiders also bought within 14 days.
STONEBURNER RICHARD K, a director at Tamboran Resources, purchased 8,500 shares at $24.00 for $204,000.00 on 2024-06-28, four trading days after the company's recent listing. His holdings increased from 30,733 shares to 39,233 shares, a 27.7% addition. The purchase occurs within a broader pattern: 7 other insiders bought within the same 14-day window, indicating coordinated insider accumulation at or near the IPO price point. This cluster activity at the listing stage, combined with a director's significant share addition, reflects early confidence in valuation and strategic positioning following public market entry.