Matador Resources Co — Director's Dealing 2021

Jan 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Matador Resources Co (MTDR)
CIK: 0001520006
Period of Report: 2021-01-19

Reporting Person: Hairford Matthew V (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-19	Common Stock	G	19005	—	Disposed	15723	Direct
2020-03-19	Common Stock	G	19005	—	Acquired	333403	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-19	Employee Stock Option	$15.0	D	79942	Disposed	2021-02-18	Common Stock (79942.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	19500	Indirect

Footnotes

F1: Represents a gift of shares of common stock by the reporting person to the Hairford Family Trust.

F2: Represents 15,723 shares of restricted stock granted to the reporting person on February 16, 2018 that vest on the third anniversary of the date of grant.

F3: 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.

F4: Represents shares held of record by the Hairford Family Trust for which both the reporting person and his spouse are trustees.

F5: The employee stock options vested on the third anniversary of the date of grant, February 19, 2019.

F6: The employee stock options were cancelled by mutual agreement of the reporting person and the Issuer. The reporting person received $1.46 per share for the cancellation of the in-the-money options, equaling the positive difference between the closing price of the Issuer's common stock on the date of cancellation and the exercise price of the options.