George G. Krug - Sep 30, 2021 Form 4 Insider Report for Matador Resources Co (MTDR)

Role
EVP - Mktg and Midstream
Signature
/s/ George G. Krug, by Brian J. Willey as attorney-in-fact
Stock symbol
MTDR
Transactions as of
Sep 30, 2021
Transactions value $
-$305,379
Form type
4
Date filed
9/30/2021, 07:47 PM
Previous filing
Jun 8, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Options Exercise $1.29M +47.4K +62.29% $27.26 124K Sep 30, 2021 Direct
transaction MTDR Common Stock Tax liability -$1.49M -39.3K -31.79% $38.04 84.3K Sep 30, 2021 Direct F1
transaction MTDR Common Stock Options Exercise $939K +31.6K +37.53% $29.68 116K Sep 30, 2021 Direct
transaction MTDR Common Stock Tax liability -$1.04M -27.4K -23.65% $38.04 88.5K Sep 30, 2021 Direct F2

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 -47.4K -100% $0.00* 0 Sep 30, 2021 Common Stock 47.4K $27.26 Direct F3
transaction MTDR Employee Stock Option Options Exercise $0 -31.6K -100% $0.00* 0 Sep 30, 2021 Common Stock 31.6K $29.68 Direct F4
* 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 47,438 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 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 31,645 employee stock options that were granted to the reporting person on February 16, 2018. No shares were sold by the reporting person to satisfy the exercise price or the tax liability.
F3 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.
F4 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 16, 2021.