Matthew V. Hairford - Oct 4, 2021 Form 4 Insider Report for Matador Resources Co (MTDR)

Role: President
Signature: /s/ Matthew V. Hairford, by David E. Lancaster as attorney-in-fact
Stock symbol: MTDR
Transactions as of: Oct 4, 2021
Transactions value $: -$234,950
Form type: 4
Date filed: 10/5/2021, 07:40 PM
Previous filing: Sep 30, 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	$1.64M	+55.4K	+335.1%	$29.68	71.9K	Oct 4, 2021	Direct
transaction	MTDR	Common Stock	Tax liability	-$1.88M	-46.4K	-64.57%	$40.46	25.5K	Oct 4, 2021	Direct	F1
holding	MTDR	Common Stock						343K	Oct 4, 2021	See footnote	F2, F3
holding	MTDR	Common Stock						19.5K	Oct 4, 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	-55.4K	-100%	$0.00^*	0	Oct 4, 2021	Common Stock	55.4K	$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 55,379 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.
F2	The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these shares. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
F3	Represents shares held of record by the Hairford Family Trust for which both the reporting person and his spouse are trustees.
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.