Issued 2026-09-16 at $38.34 · now $38.34 (2026-09-16, +0.0% since)
Based on its own history, a month from the 2026-09-16 close, TBN has typically landed between $32.11 and $51.36 — a range of −16.3% to +34.0% from the issuance price $38.34.
- Actual close
- Typical path (median)
- Middle 50% of outcomes
- 90% range
536 overlapping 1 month windows · 2024-06-27 – 2026-08-17 · basis climatology · forecast (batch). Probability up 53.9% (90% CI 51.7–56.1%, ≈1,408 obs).
The cone is anchored at the 2026-09-16 issuance close ($38.34) — the price the forecast resolves against on 2026-10-15, not the latest close. The drawn path shape is illustrative (bands widen with √t); every labeled number is real — the anchor, the scored batch p90/IQR endpoints, and the typical move.
Where TBN has typically landed a month from the 2026-09-16 close of $38.34 — the range is history, not a prediction.
- now $38.34 (+0.0%)
- typicalThe typical outcome — half of similar past periods did better and half did worse (not an average, so a few wild periods don't skew it). $38.67 (+0.9%)
- middle 50%The central range of outcomes — half of similar past periods landed inside it, a quarter finished above, a quarter below. $35.42–$41.93
- 90% rangeA nine-in-ten range — in about nine of every ten similar past periods the outcome stayed within these bounds. $32.11–$51.36
| Start | Return | Max drop | Max rise |
|---|---|---|---|
| 3 worst | |||
| 2026-03-31 | −27.8% | −29.3% | +0.0% |
| 2025-02-19 | −23.5% | −26.2% | +0.0% |
| 2025-10-08 | −23.3% | −23.3% | +0.0% |
| 3 best | |||
| 2026-03-02 | +55.2% | −10.9% | +55.2% |
| 2024-12-20 | +47.8% | +0.0% | +47.8% |
| 2026-03-06 | +46.3% | −7.5% | +61.3% |
536 overlapping windows · 2024-06-27 – 2026-09-16 · not cherry-picked
Seasonality · by month iHow this security has tended to do in each calendar month historically — a frequency, never a prediction.
iFor each calendar month, the share of years this security closed higher than the month before, and the average month-over-month return, over ~3 years of its own price history. Cells are shaded by average return. This is historical frequency, not a prediction — no month is a signal.Up-frequency and average month-over-month return · historical frequency, not a prediction
Reported insider & political trades
Every Form 4 the people closest to this company have filed with the SEC — plotted against the share price, aggregated by month, and shown with the gap between when each trade happened and when it was disclosed. A public record, not advice.
| Date | Person | Role | Action | Shares @ price | Value | Ownership Δ | vs S&P 1m | vs S&P 6m | Owned after | Filing |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-04-13 | PACE PHILLIP Z | director | Purchase | 10,000 @ $36.99 | $370K | +38.7% of holding | −11.0% | not yet — horizon still open | 35,809 | Form 4 · filed 2 days after the trade |
| 2026-04-08 | SHEFFIELD SCOTT D | director | Purchase | 6,990 @ $36.02 | $252K | +2.4% of holding | −8.9% | not yet — horizon still open | 292,430 | Form 4 · filed 2 days after the trade |
| 2025-11-21 | PACE PHILLIP Z | director | Purchase | 2,000 @ $23.50 | $47K | ownership Δ n/a | +6.4% | +31.8% | 2,000 | Form 4 · filed 4 days after the trade |
| 2025-07-22 | Sheffield Bryan | director | Purchase | 563,697 @ $17.74 | $10.0M | +22.0% of holding | +5.2% | +34.0% | 3,123,601 | Form 4 · filed 1 day after the trade |
The vs-S&P columns are a labeled look-back on what the stock did after each filing, measured against the index over the same window. Descriptive history, not a claim about the person or a reason to trade.
82 award / exercise / gift records — not counted as purchases
Awards, option exercises, gifts and tax-withholding disposals are shown separately and never counted as open-market purchases or sales — they carry no conviction information.
| Date | Person | Role | Action | Shares | Owned after | Filing |
|---|---|---|---|---|---|---|
| 2026-06-01 | STONEBURNER RICHARD K | director | Award / grant | 2,975 | 107,704 | Form 4 |
| 2026-06-01 | Bellman Jeffrey Lance | director | Award / grant | 2,975 | 23,234 | Form 4 |
| 2026-06-01 | Dalton Ryan | director | Award / grant | 2,975 | 62,078 | Form 4 |
| 2026-06-01 | Elliott Patrick James Dymock | director | Award / grant | 2,975 | 28,482 | Form 4 |
| 2026-06-01 | PACE PHILLIP Z | director | Award / grant | 2,975 | 44,683 | Form 4 |
| 2026-06-01 | Robb Andrew John | director | Award / grant | 2,975 | 14,295 | Form 4 |
| 2026-06-01 | SHEFFIELD SCOTT D | director | Award / grant | 2,975 | 326,961 | Form 4 |
| 2026-06-01 | SIEGEL DAVID N | director | Award / grant | 2,975 | 358,221 | Form 4 |
| 2026-06-01 | Barrett Fredrick J | director | Award / grant | 2,975 | 40,498 | Form 4 |
| 2026-05-28 | Sheffield Bryan | director | Award / grant | 339,500 | 3,646,756 | Form 4 |
| 2026-05-28 | Sheffield Bryan | director | Award / grant | 339,500 | 3,646,756 | Form 4 |
| 2026-05-28 | Sheffield Bryan | director | Award / grant | 339,500 | 3,646,756 | Form 4 |
| 2026-05-28 | Sheffield Bryan | director | Award / grant | 339,500 | 3,646,756 | Form 4 |
| 2026-05-28 | Sheffield Bryan | director | Award / grant | 339,500 | 3,646,756 | Form 4 |
| 2026-05-28 | Sheffield Bryan | director | Award / grant | 339,500 | 3,646,756 | Form 4 |
| 2026-05-28 | Sheffield Bryan | director | Award / grant | 339,500 | 3,646,756 | Form 4 |
| 2026-05-26 | Barrett Fredrick J | director | Award / grant | 1,813 | 37,523 | Form 4 |
| 2026-05-26 | Bellman Jeffrey Lance | director | Award / grant | 3,318 | 20,259 | Form 4 |
| 2026-05-26 | Dalton Ryan | director | Award / grant | 3,933 | 59,103 | Form 4 |
| 2026-05-26 | Elliott Patrick James Dymock | director | Award / grant | 1,813 | 25,507 | Form 4 |
| 2026-05-26 | PACE PHILLIP Z | director | Award / grant | 3,318 | 41,708 | Form 4 |
| 2026-05-26 | Robb Andrew John | director | Award / grant | 1,813 | 11,320 | Form 4 |
| 2026-05-26 | SHEFFIELD SCOTT D | director | Award / grant | 3,011 | 323,986 | Form 4 |
| 2026-05-26 | SIEGEL DAVID N | director | Award / grant | 3,625 | 355,246 | Form 4 |
| 2026-05-26 | STONEBURNER RICHARD K | director | Award / grant | 5,407 | 104,729 | Form 4 |
| 2026-04-15 | STONEBURNER RICHARD K | director | Award / grant | 8,403 | 99,322 | Form 4 |
| 2026-04-15 | PACE PHILLIP Z | director | Award / grant | 2,581 | 38,390 | Form 4 |
| 2026-04-14 | Sheffield Bryan | director | Award / grant | 50,000 | 3,307,256 | Form 4 |
| 2026-04-14 | SHEFFIELD SCOTT D | director | Award / grant | 28,545 | 320,975 | Form 4 |
| 2026-04-14 | Thibodeaux Faron James | officer | Award / grant | 7,143 | 153,311 | Form 4 |
| 2026-04-14 | Barrett Fredrick J | director | Award / grant | 5,714 | 35,710 | Form 4 |
| 2026-04-14 | SIEGEL DAVID N | director | Award / grant | 5,000 | 351,621 | Form 4 |
| 2026-04-14 | Dalton Ryan | director | Award / grant | 4,632 | 55,170 | Form 4 |
| 2026-04-14 | SIEGEL DAVID N | director | Award / grant | 2,500 | 122,500 | Form 4 |
| 2026-04-14 | Dyer Eric Steven | officer | Award / grant | 1,829 | 68,909 | Form 4 |
| 2026-04-14 | Bellman Jeffrey Lance | director | Award / grant | 1,541 | 16,941 | Form 4 |
| 2026-02-04 | SIEGEL DAVID N | director | Gift | 7,000 | 120,000 | Form 4 |
| 2026-01-20 | SIEGEL DAVID N | director | Gift | 100,000 | 113,000 | Form 4 |
| 2026-01-16 | SHEFFIELD SCOTT D | director | Award / grant | 181,274 | 285,440 | Form 4 |
| 2026-01-16 | Sheffield Bryan | director | Award / grant | 133,655 | 3,257,256 | Form 4 |
Source: SEC Form 4 filings. Each row links to its original filing.
Across 2012–2021, stocks where a CEO, C-suite officer, or director had recently made an open-market common-stock purchase ran about +28 bp per month above the universe average (n=34,268 stock-weeks). A historical tendency, not a prediction.
Congressional disclosures
No congressional trades disclosed for this company.
Research tool, not investment advice — historical frequencies, not recommendations. A product of Marovel Technologies LLC. Full terms.