Robert T. Macalik - Oct 18, 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 18, 2021
Transactions value $: -$74,018
Form type: 4
Date filed: 10/20/2021, 06:54 PM
Previous filing: Oct 8, 2021
Next filing: Dec 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTDR	Common Stock	Options Exercise	$210K	+7.07K	+12.29%	$29.68	64.6K	Oct 18, 2021	Direct	F1, F2
transaction	MTDR	Common Stock	Tax liability	-$247K	-5.64K	-8.73%	$43.82	58.9K	Oct 18, 2021	Direct	F1, F2, F3
transaction	MTDR	Common Stock	Options Exercise	$208K	+7K	+11.88%	$29.68	65.9K	Oct 19, 2021	Direct	F1, F2
transaction	MTDR	Common Stock	Tax liability	-$244K	-5.69K	-8.62%	$42.98	60.3K	Oct 19, 2021	Direct	F1, F2, F4
holding	MTDR	Common Stock						27.2K	Oct 18, 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	-7.07K	-33.51%	$0.00	14K	Oct 18, 2021	Common Stock	7.07K	$29.68	Direct	F5
transaction	MTDR	Employee Stock Option	Options Exercise	$0	-7K	-49.9%	$0.00	7.03K	Oct 19, 2021	Common Stock	7K	$29.68	Direct	F5

* 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 7,070 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.
F4	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 7,000 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.
F5	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.