David E. Lancaster - 11 Oct 2021 Form 4 Insider Report for Matador Resources Co (MTDR)

Role
EVP and CFO
Signature
/s/ David E. Lancaster
Issuer symbol
MTDR
Transactions as of
11 Oct 2021
Net transactions value
-$148,028
Form type
4
Filing time
12 Oct 2021, 19:33:44 UTC
Previous filing
05 Oct 2021
Next filing
04 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Options Exercise $1,487,116 +50,105 +12% $29.68 452,760 11 Oct 2021 Direct
transaction MTDR Common Stock Tax liability $1,635,145 -38,249 -8.4% $42.75 414,511 11 Oct 2021 Direct F1
holding MTDR Common Stock 85,500 11 Oct 2021 Represents shares held of record by the reporting person's Individual Retirement Account.

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 -50,105 -100% $0.000000* 0 11 Oct 2021 Common Stock 50,105 $29.68 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy a portion of the exercise price and tax liability upon the exercise of 50,105 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.
F2 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.