Craig N. Adams - Feb 16, 2023 Form 4 Insider Report for Matador Resources Co (MTDR)

Role
EVP, Co-COO, Chief of Staff
Signature
/s/ Craig N. Adams, by Cale L. Curtin as attorney-in-fact
Stock symbol
MTDR
Transactions as of
Feb 16, 2023
Transactions value $
$0
Form type
4
Date filed
2/17/2023, 05:09 PM
Previous filing
Jan 4, 2023
Next filing
Mar 13, 2023

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 Award $0 +15K $0.00 15K Feb 16, 2023 Common Stock 15K Direct F1, F2
transaction MTDR Phantom Units Options Exercise $0 -8.05K -33.33% $0.00 16.1K Feb 17, 2023 Common Stock 8.05K Direct F3, F4
* 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 common stock of Issuer.
F2 The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant.
F3 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 17, 2023 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $62.03 per unit based upon the closing price of the Issuer's common stock on February 16, 2023. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.
F4 The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 17, 2022.