Matador Resources Co — Director's Dealing 2022

May 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Matador Resources Co (MTDR)
CIK: 0001520006
Period of Report: 2022-04-29

Reporting Person: Frenzel Michael D (EVP, Treasurer (PFO))

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-29	Phantom Units	$	M	1809	Disposed		Common Stock (1809.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	65682	Direct
Common Stock	250	Indirect
Common Stock	1000	Indirect

Footnotes

F1: Includes 11,638 shares of restricted stock granted to the reporting person on February 17, 2022 that vest in equal installments on the first, second and third anniversaries of the date of grant.

F2: Includes 12,500 shares of restricted stock granted to the reporting person on June 4, 2021 that vest in equal installments on the first, second and third anniversaries of the date of grant.

F3: Includes 3,750 shares of restricted stock granted to the reporting person on June 22, 2020 that vest on the third anniversary of the date of grant.

F4: 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 April 29, 2022 vesting of such award, the reporting person settled the phantom units for cash at a rate of $48.82 per unit based upon the closing price of the Issuer's common stock on such date. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.

F5: The phantom units vest on the third anniversary of the date of grant, April 29, 2019.