Matador Resources Co — Director's Dealing 2025

Jan 11, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Matador Resources Co (MTDR)
CIK: 0001520006
Period of Report: 2025-01-07

Reporting Person: Willey Brian J (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-01-07	Common Stock	A	13711	—	Acquired	99280	Direct
2025-01-07	Common Stock	F	5552	$58.35	Disposed	93728	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3760	Indirect
Common Stock	1500	Indirect

Footnotes

F1: Represents shares received in settlement of performance stock units granted to the reporting person on February 17, 2022 (the "2022 Performance Stock Grant"), which settled at 172% of target based upon the Issuer's relative total shareholder return over a three-year performance period from January 1, 2022 to December 31, 2024.

F2: Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.

F3: Includes 5,334 shares of restricted stock granted to the reporting person on February 16, 2023 that vest in equal installments on the second and third anniversaries of the date of grant.

F4: Includes 3,880 shares of restricted stock granted to the reporting person on February 17, 2022 that vest in equal installments 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 tax liability upon settlement of the 2022 Performance Stock Grant. No shares were sold by the reporting person to satisfy this tax liability.