Craig N. Adams - Sep 27, 2021 Form 4 Insider Report for Matador Resources Co (MTDR)

Role
EVP, COO - Land, Legal & Admin
Signature
/s/ Craig N. Adams, by David E. Lancaster as attorney-in-fact
Stock symbol
MTDR
Transactions as of
Sep 27, 2021
Transactions value $
-$211,308
Form type
4
Date filed
9/29/2021, 07:19 PM
Previous filing
Aug 23, 2021
Next filing
Oct 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Options Exercise $1.87M +68.5K +46.15% $27.26 217K Sep 27, 2021 Direct
transaction MTDR Common Stock Tax liability -$2.08M -57.4K -26.44% $36.24 160K Sep 27, 2021 Direct F1
holding MTDR Common Stock 2.85K Sep 27, 2021 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 Employee Stock Option Options Exercise $0 -68.5K -100% $0.00* 0 Sep 27, 2021 Common Stock 68.5K $27.26 Direct F2
* 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 the exercise price and tax liability upon the exercise of 68,500 employee stock options that were granted to the reporting person on February 15, 2017. No shares were sold by the reporting person to satisfy the exercise price or the tax liability.
F2 The employee stock options vested in equal annual installments on the first, second and third anniversaries of the date of grant and were fully vested as of February 15, 2020.