Matador Resources Co — Director's Dealing 2025

Feb 20, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Matador Resources Co (MTDR)
CIK: 0001520006
Period of Report: 2025-02-14

Reporting Person: Krug George G (EVP - Mktg and Midstream)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-14	Phantom Units	$	A	20000	Acquired		Common Stock (20000)	Direct
2025-02-14	Phantom Units	$	M	5000	Disposed		Common Stock (5000)	Direct
2025-02-16	Phantom Units	$	M	5000	Disposed		Common Stock (5000)	Direct
2025-02-17	Phantom Units	$	M	8046	Disposed		Common Stock (8046)	Direct

Footnotes

F1: Each phantom unit is the economic equivalent of one share of common stock of Issuer.

F2: The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant.

F3: 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 14, 2025 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $57.12 per unit based upon the closing price of the Issuer's common stock on February 13, 2025. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.

F4: The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 14, 2024.

F5: 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 16, 2025 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $57.19 per unit based upon the closing price of the Issuer's common stock on February 14, 2025. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.

F6: The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 16, 2023.

F7: 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 17, 2025 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $57.19 per unit based upon the closing price of the Issuer's common stock on February 14, 2025. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.

F8: The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 17, 2022.