Matador Resources Co — Director's Dealing 2021

Feb 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Matador Resources Co (MTDR)
CIK: 0001520006
Period of Report: 2021-02-13

Reporting Person: Singleton Van H II (EVP - Land)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-16	Common Stock	F	4125	$20.07	Disposed	117933	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-13	Phantom Units	$	M	13228	Disposed		Common Stock (13228.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2505	Indirect

Footnotes

F1: Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability based upon the vesting of 10,482 shares of restricted stock that were granted to the reporting person on February 16, 2018. No shares were sold by the reporting person to satisfy this tax liability.

F2: 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 13, 2021 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $19.84 per unit based upon the closing price of the Issuer's common stock on February 12, 2021. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.

F3: The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 13, 2019.