William Thomas Elsener - Oct 27, 2022 Form 4 Insider Report for Matador Resources Co (MTDR)

Role
EVP, Reservoir Engineering
Signature
/s/ William Thomas Elsener, by Brian J. Willey as attorney-in-fact
Stock symbol
MTDR
Transactions as of
Oct 27, 2022
Transactions value $
-$195,947
Form type
4
Date filed
10/31/2022, 07:36 AM
Previous filing
Jun 23, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Options Exercise $138K +9.33K +12.44% $14.80 84.4K Oct 27, 2022 Direct F1, F2
transaction MTDR Common Stock Tax liability -$334K -4.9K -5.81% $68.14 79.5K Oct 27, 2022 Direct F1, F2, F3

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 -9.33K -100% $0.00* 0 Oct 27, 2022 Common Stock 9.33K $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 11,638 shares of restricted stock granted to the reporting person on February 17, 2022 that vest in equal installments on the first, second and third anniversaries of the date of grant.
F2 Includes 8,334 shares of restricted stock granted to the reporting person on June 4, 2021 that vest in equal annual installments on the second and third anniversaries of the date of the grant.
F3 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 9,334 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 vested in equal annual installments on the first, second and third anniversaries of the date of grant and were fully vested as of August 28, 2022.