Robert T. Macalik - Feb 28, 2022 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
Feb 28, 2022
Transactions value $
-$40,282
Form type
4
Date filed
3/1/2022, 08:06 PM
Previous filing
Feb 22, 2022
Next filing
May 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Options Exercise $209K +7.03K +9.77% $29.68 78.9K Feb 28, 2022 Direct F1, F2, F3
transaction MTDR Common Stock Tax liability -$249K -5.02K -6.36% $49.60 73.9K Feb 28, 2022 Direct F1, F2, F3, F4
holding MTDR Common Stock 28.7K Feb 28, 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 Employee Stock Option Options Exercise $0 -7.03K -100% $0.00* 0 Feb 28, 2022 Common Stock 7.03K $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 11,638 shares of restricted stock granted to the reporting person on February 17, 2022 that vest in equal annual installments on the first, second and third anniversaries of the date of grant.
F2 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.
F3 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.
F4 Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy the exercise price and tax liability based upon the exercise of 7,027 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.