Matador Resources Co — Director's Dealing 2024

Feb 9, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Matador Resources Co (MTDR)
CIK: 0001520006
Period of Report: 2024-02-06

Reporting Person: Elsener William Thomas (EVP, Reservoir Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-06	Common Stock	M	4548	$29.68	Acquired	109076	Direct
2024-02-06	Common Stock	F	3421	$53.74	Disposed	105655	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-02-06	Employee Stock Option	$29.68	M	4548	Disposed	2024-02-15	Common Stock (4548)	Direct

Footnotes

F1: Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.

F2: Includes 8,000 shares of restricted stock granted to the reporting person on February 16, 2023 that vest in equal installments on the first, second and third anniversaries of the date of grant.

F3: Includes 7,759 shares of restricted stock granted to the reporting person on February 17, 2022 that vest in equal installments on the second and third anniversaries of the date of grant.

F4: Includes 4,167 shares of restricted stock granted to the reporting person on June 4, 2021 that vest on the third anniversary of the date of grant.

F5: Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy the exercise price and tax liability upon the exercise of 4,548 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.

F6: 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.