Singleton Van H II - 27 Sep 2021 Form 4 Insider Report for Matador Resources Co (MTDR)

Role: EVP - Land
Signature: /s/ Van H. Singleton, II, by Brian J. Willey as attorney-in-fact
Issuer symbol: MTDR
Transactions as of: 27 Sep 2021
Net transactions value: -$118,775
Form type: 4
Filing time: 29 Sep 2021, 19:20:41 UTC
Previous filing: 08 Jun 2021
Next filing: 05 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTDR	Common Stock	Options Exercise	$1,368,152	+50,189	+43%	$27.26	168,122	27 Sep 2021	Direct
transaction	MTDR	Common Stock	Tax liability	$1,486,927	-41,030	-24%	$36.24	127,092	27 Sep 2021	Direct	F1
holding	MTDR	Common Stock						2,505	27 Sep 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	-50,189	-100%	$0.000000^*	0	27 Sep 2021	Common Stock	50,189	$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 50,189 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.