Robert T. Macalik - Sep 29, 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
Stock symbol
MTDR
Transactions as of
Sep 29, 2021
Transactions value $
-$37,639
Form type
4
Date filed
9/30/2021, 07:49 PM
Previous filing
Aug 5, 2021
Next filing
Oct 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Options Exercise $360K +13.4K +25.64% $26.86 65.6K Sep 29, 2021 Direct F1, F2
transaction MTDR Common Stock Tax liability -$397K -10.3K -15.77% $38.40 55.3K Sep 29, 2021 Direct F1, F2, F3
holding MTDR Common Stock 27.2K Sep 29, 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 -13.4K -100% $0.00* 0 Sep 29, 2021 Common Stock 13.4K $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.