Macalik Robert T. - 29 Sep 2021 Form 4 Insider Report for Matador Resources Co (MTDR)

Role
SVP, Chief Accounting Officer
Signature
/s/ Robert T. Macalik, by Brian J. Willey as attorney-in-fact
Issuer symbol
MTDR
Transactions as of
29 Sep 2021
Net transactions value
-$37,639
Form type
4
Filing time
30 Sep 2021, 19:49:16 UTC
Previous filing
05 Aug 2021
Next filing
08 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 $359,763 +13,394 +26% $26.86 65,627 29 Sep 2021 Direct F1, F2
transaction MTDR Common Stock Tax liability $397,402 -10,349 -16% $38.40 55,278 29 Sep 2021 Direct F1, F2, F3
holding MTDR Common Stock 27,175 29 Sep 2021 Represents shares held of record by the reporting person's Individual Retirement 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 -13,394 -100% $0.000000* 0 29 Sep 2021 Common Stock 13,394 $26.86 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 5,126 shares of restricted stock granted to the reporting person on April 29, 2019 that vest in equal installments on the second and third anniversaries of the date of grant.
F2 Includes 5,990 shares of restricted stock granted to the reporting person on February 16, 2018 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 the exercise price and tax liability upon the exercise of 13,394 employee stock options that were granted to the reporting person on February 16, 2017. No shares were sold by the reporting person to satisfy the exercise price or the tax liability.
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, 2020.