Robert T. Macalik - Oct 6, 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
Oct 6, 2021
Transactions value $
-$48,173
Form type
4
Date filed
10/8/2021, 06:20 PM
Previous filing
Sep 30, 2021
Next filing
Oct 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Options Exercise $78.9K +5.33K +9.65% $14.80 60.6K Oct 6, 2021 Direct F1, F2
transaction MTDR Common Stock Tax liability -$127K -3.09K -5.1% $41.08 57.5K Oct 6, 2021 Direct F1, F2, F3
holding MTDR Common Stock 27.2K Oct 6, 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 -5.33K -56.14% $0.00 4.17K Oct 6, 2021 Common Stock 5.33K $14.80 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 12,500 shares of restricted stock granted to the reporting person on June 4, 2021 that vest in equal annual installments on the first, second and third anniversaries of the date of grant.
F2 Includes 2,563 shares of restricted stock granted to the reporting person on April 29, 2019 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 the tax liability upon the exercise of 5,333 employee stock options that were granted to the reporting person on August 28, 2019. No shares were sold by the reporting person to satisfy the exercise price or the tax liability.
F4 The employee stock options were granted to the reporting person on August 28, 2019 and vest in equal annual installments on the first, second and third anniversaries of the date of grant; 8,333 employee stock options were vested as of October 6, 2021.