Christopher P. Calvert - Feb 14, 2025 Form 4 Insider Report for Matador Resources Co (MTDR)

Signature
/s/ Christopher P. Calvert, by Cale L. Curtin as attorney-in-fact
Stock symbol
MTDR
Transactions as of
Feb 14, 2025
Transactions value $
-$222,320
Form type
4
Date filed
2/19/2025, 07:15 PM
Previous filing
Jan 10, 2025
Next filing
Feb 24, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Tax liability -$74.9K -1.31K -1.47% $57.12 87.9K Feb 14, 2025 Direct F1, F2
transaction MTDR Common Stock Tax liability -$60K -1.05K -1.19% $57.19 86.8K Feb 16, 2025 Direct F3, F4
transaction MTDR Common Stock Tax liability -$87.3K -1.53K -1.76% $57.19 85.3K Feb 17, 2025 Direct F5, F6
holding MTDR Common Stock 32.7K Feb 14, 2025 Represents shares held of record by the reporting person's 401(k) account

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MTDR Phantom Units Award $0 +18K $0.00 18K Feb 14, 2025 Common Stock 18K Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 3,333 shares of restricted stock that were granted to the reporting person on February 14, 2024. No shares were sold by the reporting person to satisfy this tax liability.
F2 Includes (i) shares acquired pursuant to the Issuer's Employee Stock Purchase Plan; such acquisitions are exempt under Rule 16b-3; (ii) 6,667 shares of restricted stock granted to the reporting person on February 14, 2024 that vest in equal annual installments on the second and third anniversaries of the date of grant; (iii) 5,334 shares of restricted stock granted to the reporting person on February 16, 2023 that vest in equal annual installments on the second and third anniversaries of the date of grant; and (iv) 3,880 shares of restricted stock granted to the reporting person on February 17, 2022 that vest on the third anniversary of the date of grant.
F3 Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 2,667 shares of restricted stock that were granted to the reporting person on February 16, 2023. No shares were sold by the reporting person to satisfy this tax liability.
F4 Includes (i) shares acquired pursuant to the Issuer's Employee Stock Purchase Plan; such acquisitions are exempt under Rule 16b-3; (ii) 6,667 shares of restricted stock granted to the reporting person on February 14, 2024 that vest in equal annual installments on the second and third anniversaries of the date of grant; (iii) 2,667 shares of restricted stock granted to the reporting person on February 16, 2023 that vest on the third anniversary of the date of grant; and (iv) 3,880 shares of restricted stock granted to the reporting person on February 17, 2022 that vest on the third anniversary of the date of grant.
F5 Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 3,880 shares of restricted stock that were granted to the reporting person on February 17, 2022. No shares were sold by the reporting person to satisfy this tax liability.
F6 Includes (i) shares acquired pursuant to the Issuer's Employee Stock Purchase Plan; such acquisitions are exempt under Rule 16b-3; (ii) 6,667 shares of restricted stock granted to the reporting person on February 14, 2024 that vest in equal annual installments on the second and third anniversaries of the date of grant; and (iii) 2,667 shares of restricted stock granted to the reporting person on February 16, 2023 that vest on the third anniversary of the date of grant.
F7 Each phantom unit is the economic equivalent of one share of common stock of Issuer.
F8 The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant.