Matthew V. Hairford - Feb 13, 2022 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
Feb 13, 2022
Transactions value $
$0
Form type
4
Date filed
2/15/2022, 08:02 PM
Previous filing
Jan 4, 2022
Next filing
Mar 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Gift $0 -72.2K -100% $0.00* 0 Jan 21, 2022 Direct F1
transaction MTDR Common Stock Gift $0 +72.2K +19.6% $0.00 441K Jan 21, 2022 See footnote F1, F2, F3
holding MTDR Common Stock 19.5K Feb 13, 2022 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 Phantom Units Options Exercise $0 -19.8K -100% $0.00* 0 Feb 13, 2022 Common Stock 19.8K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a gift of shares of common stock by the reporting person to the Hairford Family Trust.
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 Each phantom unit is the economic equivalent of one share of the Issuer's common stock. As required by the terms of the award, upon the February 13, 2022 vesting of such award, the reporting person settled the phantom units for cash at a rate of $44.33 per unit based upon the closing price of the Issuer's common stock on February 11, 2022. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.
F5 The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 13, 2019.