Joseph Wm Foran - 06 Jan 2026 Form 4 Insider Report for Matador Resources Co (MTDR)

Role: Chairman and CEO, Director
Signature: /s/ Joseph Wm. Foran, by Cale L. Curtin as attorney-in-fact
Issuer symbol: MTDR
Transactions as of: 06 Jan 2026
Net transactions value: -$198,685
Form type: 4
Filing time: 08 Jan 2026, 18:33:58 UTC
Previous filing: 10 Nov 2025
Next filing: 18 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Foran Joseph Wm	Chairman and CEO, Director	5400 LBJ FREEWAY, SUITE 1500, DALLAS	/s/ Joseph Wm. Foran, by Cale L. Curtin as attorney-in-fact	08 Jan 2026	0001540655

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTDR	Common Stock	Award	$0	+11,600	+48%	$0.000000	35,652	06 Jan 2026	Direct	F1, F2
transaction	MTDR	Common Stock	Tax liability	$198,685	-4,798	-13%	$41.41	30,854	06 Jan 2026	Direct	F2, F3
holding	MTDR	Common Stock						519,881	06 Jan 2026	See footnote	F4, F5
holding	MTDR	Common Stock						484,532	06 Jan 2026	See footnote	F4, F6
holding	MTDR	Common Stock						1,105,913	06 Jan 2026	See footnote	F4, F7
holding	MTDR	Common Stock						1,137,182	06 Jan 2026	See footnote	F4, F8
holding	MTDR	Common Stock						1,347,912	06 Jan 2026	See footnote	F4, F9
holding	MTDR	Common Stock						109,221	06 Jan 2026	See footnote	F4, F10
holding	MTDR	Common Stock						109,221	06 Jan 2026	See footnote	F4, F11
holding	MTDR	Common Stock						35,123	06 Jan 2026	See footnote	F4, F12
holding	MTDR	Common Stock						35,123	06 Jan 2026	See footnote	F4, F13
holding	MTDR	Common Stock						175,766	06 Jan 2026	See footnote	F4, F14
holding	MTDR	Common Stock						175,766	06 Jan 2026	See footnote	F4, F15
holding	MTDR	Common Stock						92,009	06 Jan 2026	See footnote	F4, F16
holding	MTDR	Common Stock						92,009	06 Jan 2026	See footnote	F4, F17

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

Explanation of Responses:

Id	Content
F1	Represents shares received in settlement of performance stock units granted to the reporting person on February 16, 2023 (the "2023 Performance Stock Grant"), which settled at 58% of target based upon the Issuer's relative total shareholder return over a three-year performance period from January 1, 2023 to December 31, 2025.
F2	Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16-b3.
F3	Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon settlement of the 2023 Performance Stock Grant. No shares were sold by the reporting person to satisfy this tax liability.
F4	The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these shares. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
F5	Represents shares held of record by the Foran 2012 Savings Trust for which the reporting person's spouse is a trustee. Includes shares held by the trust following a contribution of shares by the reporting person to the trust, pursuant to the terms thereof.
F6	Represents shares held of record by the Foran 2012 Security Trust for which the reporting person is the trustee. Includes shares held by the trust following a contribution of shares by the reporting person's spouse to the trust, pursuant to the terms thereof.
F7	Represents shares held of record by Sage Resources, Ltd., which is a limited partnership owned by the reporting person's family, including the reporting person.
F8	Represents shares held of record collectively by the LRF 2011 Non-GST Trust, WJF 2011 Non-GST Trust, JNF 2011 Non-GST Trust, SIF 2011 Non-GST Trust and MCF 2011 Non-GST Trust (collectively, the "2011 Non-GST Trusts"). The reporting person and his spouse, as settlors of each of the 2011 Non-GST Trusts, retain the power of substitution with respect to the property of the 2011 Non-GST Trusts.
F9	Represents shares held of record collectively by the LRF 2020 Non-GST Trust, WJF 2020 Non-GST Trust, SIF 2020 Non-GST Trust and MCF 2020 Non-GST Trust (collectively, the "2020 Non-GST Trusts"). The reporting person and his spouse, as settlors of each of the 2020 Non-GST Trusts, retain the power of substitution with respect to the property of the 2020 Non-GST Trusts.
F10	Represents shares held of record by the JWF 2024-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F11	Represents shares held of record by the NNF 2024-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F12	Represents shares held of record by the JWF 2024-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F13	Represents shares held of record by the NNF 2024-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F14	Represents shares held of record by the JWF 2025-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F15	Represents shares held of record by the NNF 2025-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F16	Represents shares held of record by the JWF 2025-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F17	Represents shares held of record by the NNF 2025-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.