William Thomas Elsener - Feb 6, 2024 Form 4 Insider Report for Matador Resources Co (MTDR)

Role
EVP, Reservoir Engineering
Signature
/s/ William Thomas Elsener, by Cale L. Curtin as attorney-in-fact
Stock symbol
MTDR
Transactions as of
Feb 6, 2024
Transactions value $
-$48,860
Form type
4
Date filed
2/8/2024, 06:07 PM
Previous filing
Jan 2, 2024
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Options Exercise $135K +4.55K +4.35% $29.68 109K Feb 6, 2024 Direct F1, F2, F3, F4
transaction MTDR Common Stock Tax liability -$184K -3.42K -3.14% $53.74 106K Feb 6, 2024 Direct F1, F2, F3, F4, F5

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 -4.55K -100% $0.00* 0 Feb 6, 2024 Common Stock 4.55K $29.68 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.
F2 Includes 8,000 shares of restricted stock granted to the reporting person on February 16, 2023 that vest in equal installments on the first, second and third anniversaries of the date of grant.
F3 Includes 7,759 shares of restricted stock granted to the reporting person on February 17, 2022 that vest in equal installments on the second and third anniversaries of the date of grant.
F4 Includes 4,167 shares of restricted stock granted to the reporting person on June 4, 2021 that vest on the third anniversary of the date of grant.
F5 Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy the exercise price and tax liability upon the exercise of 4,548 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.
F6 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.