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Matador Resources VP Reports Initial 8.5k Share Stake in Form 3 Filing

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Matador Resources (MTDR) Form 3 filing dated 26-Jun-2025 records the initial beneficial ownership of newly appointed VP & Chief Accounting Officer Benjamin T. Colodney. He directly owns 6,271 common shares, which include 4,000 restricted shares granted in 2023-2024 that vest between May 2026-May 2027. Colodney indirectly holds 2,270 shares through his 401(k) plan. In addition, he reports 2,000 phantom units, each economically equivalent to one common share, vesting in equal tranches on 1-May-2026 and 1-May-2027. The filing is administrative—no purchase or sale is reported—and simply establishes the executive’s equity position.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine insider Form 3; new VP discloses ~8.5k shares and 2k phantom units—no market-moving transaction.

This Form 3 merely registers Benjamin T. Colodney as a Section 16 insider following his promotion to VP & CAO. The disclosed holdings—6,271 direct shares, 2,270 indirect shares via 401(k), and 2,000 phantom units—represent a modest stake for an executive and signal standard alignment with shareholder interests. No open-market buying or selling occurred, so trading sentiment and valuation remain unaffected. Overall impact for investors is neutral; the filing serves compliance and transparency purposes.

TL;DR: Compliance event confirms new officer’s equity; governance risk unchanged.

Under SEC rules, a newly appointed officer must file Form 3 within 10 days to disclose initial ownership. Colodney’s filing meets those requirements and clarifies vesting schedules for restricted stock and phantom units, improving disclosure quality. No red flags appear—ownership is straightforward, vesting spans 2026-2027, and there are no complex derivatives or pledges. From a governance standpoint, the transparency is positive, but the event itself does not materially change risk or influence control dynamics.

Insider Colodney Benjamin T
Role VP & Chief Accounting Officer
Type Security Shares Price Value
holding Phantom Units -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Phantom Units — 2,000 shares (Direct); Common Stock — 6,271 shares (Direct); Common Stock — 2,270 shares (Indirect, Represents shares held of record by the reporting person's 401(k) account)
Footnotes (1)
  1. Includes 3,000 shares of restricted stock granted to the reporting person on October 29, 2024 that vest on May 1, 2027. Includes 1,000 shares of restricted stock granted to the reporting person on March 31, 2023 that vest on the third anniversary of the date of grant. The phantom units vest in equal installments on May 1, 2026 and May 1, 2027. Each phantom unit is the economic equivalent of one share of common stock of Issuer.
Understanding Insider Trading Forms →
SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Colodney Benjamin T
(Last) (First) (Middle)
5400 LBJ FREEWAY
SUITE 1500
(Street)
DALLAS TX 75240
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
06/11/2025 		3. Issuer Name and Ticker or Trading Symbol
Matador Resources Co [ MTDR ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP & Chief Accounting Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 6,271(1)(2) D
Common Stock 2,270 I Represents shares held of record by the reporting person's 401(k) account
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Units (3) (3) Common Stock 2,000 (4) D
Explanation of Responses:
1. Includes 3,000 shares of restricted stock granted to the reporting person on October 29, 2024 that vest on May 1, 2027.
2. Includes 1,000 shares of restricted stock granted to the reporting person on March 31, 2023 that vest on the third anniversary of the date of grant.
3. The phantom units vest in equal installments on May 1, 2026 and May 1, 2027.
4. Each phantom unit is the economic equivalent of one share of common stock of Issuer.
Remarks:
/s/ Benjamin T. Colodney, by Cale L. Curtin as attorney-in-fact 06/26/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many MTDR shares does VP & Chief Accounting Officer Benjamin T. Colodney own directly?

6,271 common shares are reported as directly owned.

What is the size of Colodney’s indirect MTDR holding via his 401(k)?

He indirectly owns 2,270 shares held in his 401(k) account.

What are the vesting dates for Colodney’s restricted stock awards?

3,000 shares vest on 1-May-2027; 1,000 shares vest three years from 31-Mar-2023.

How many phantom units does the executive hold and when do they vest?

He holds 2,000 phantom units vesting 50 % on 1-May-2026 and 50 % on 1-May-2027.

Does the Form 3 disclose any recent purchase or sale of MTDR stock?

No. The filing only lists existing holdings; it records no transactions.

Why is a Form 3 filing significant for investors?

Form 3 establishes an insider’s initial equity stake, providing transparency on potential alignment with shareholders, though it usually has neutral market impact.