Brian J. Willey - Jun 22, 2022 Form 4 Insider Report for Matador Resources Co (MTDR)

Role: SVP, President of Midstream
Signature: /s/ Brian J. Willey
Stock symbol: MTDR
Transactions as of: Jun 22, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/23/2022, 05:13 PM
Previous filing: Jun 7, 2022
Next filing: Aug 31, 2022

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	-1.67K	-50%	$0.00	1.67K	Jun 22, 2022	Common Stock	1.67K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 June 22, 2022 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $53.64 per unit based upon the closing price of the Issuer's common stock on June 21, 2022. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.
F2	The phantom units vest in equal installments on the second and third anniversaries of the date of grant, June 22, 2020.

Content

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 June 22, 2022 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $53.64 per unit based upon the closing price of the Issuer's common stock on June 21, 2022. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.

The phantom units vest in equal installments on the second and third anniversaries of the date of grant, June 22, 2020.