Matador Resources (NYSE: MTDR) CEO adds 2,000 shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Matador Resources Chairman and CEO Joseph Wm Foran reported an open-market purchase of 2,000 shares of Matador Resources common stock on June 9, 2026 at a weighted average price of $53.07 per share, with individual trades ranging from $53.05 to $53.13.
Following this transaction, he directly owns 11,479 common shares. He also reports substantial indirect holdings through various family trusts, grantor retained annuity trusts (GRATs) and a family limited partnership, and in some cases disclaims beneficial ownership except for his pecuniary interest, while in others he serves as trustee with sole voting and investment power.
Positive
- None.
Negative
- None.
Insights
CEO makes a modest open-market share purchase while maintaining large indirect holdings.
Matador Resources’ Chairman and CEO, Joseph Wm Foran, bought 2,000 common shares at a weighted average of $53.07 on June 9, 2026. This is a straightforward open-market purchase coded as a P transaction, increasing his direct stake to 11,479 shares.
In addition, he reports sizable indirect ownership through multiple family trusts, GRATs and a family partnership, with some positions subject to beneficial ownership disclaimers and others where he has sole voting and investment power. The scale of indirect holdings suggests the 2,000-share purchase is relatively small, making this filing more routine than thesis-changing.
Insider Trade Summary
Net Buyer: 2,000 shares ($106,140)
Net Buy
14 txns
Insider
Foran Joseph Wm
Role
Chairman and CEO
Bought
2,000 shs ($106K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,000 | $53.07 | $106K |
| holding | Common Stock | -- | -- | -- |
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Holdings After Transaction:
Common Stock — 11,479 shares (Direct, null);
Common Stock — 534,381 shares (Indirect, See footnote)
Footnotes (1)
- The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $53.05 to $53.13 per share, inclusive. The reporting person shall provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price. Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these shares. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. Represents shares held of record by the Foran 2012 Savings Trust for which the reporting person's spouse is a trustee. Includes shares held by the trust following a contribution of shares by the reporting person to the trust, pursuant to the terms thereof. Represents shares held of record by the Foran 2012 Security Trust for which the reporting person is the trustee. Includes shares held by the trust following a contribution of shares by the reporting person's spouse to the trust, pursuant to the terms thereof. Represents shares held of record by Sage Resources, Ltd., which is a limited partnership owned by the reporting person's family, including the reporting person. Represents shares held of record collectively by the LRF 2011 Non-GST Trust, WJF 2011 Non-GST Trust, JNF 2011 Non-GST Trust, SIF 2011 Non-GST Trust and MCF 2011 Non-GST Trust (collectively, the "2011 Non-GST Trusts"). The reporting person and his spouse, as settlors of each of the 2011 Non-GST Trusts, retain the power of substitution with respect to the property of the 2011 Non-GST Trusts. Represents shares held of record collectively by the LRF 2020 Non-GST Trust, WJF 2020 Non-GST Trust, SIF 2020 Non-GST Trust and MCF 2020 Non-GST Trust (collectively, the "2020 Non-GST Trusts"). The reporting person and his spouse, as settlors of each of the 2020 Non-GST Trusts, retain the power of substitution with respect to the property of the 2020 Non-GST Trusts. Represents shares held of record by the JWF 2024-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the NNF 2024-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the JWF 2025-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the NNF 2025-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the JWF 2025-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the NNF 2025-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the JWF 2026-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the NNF 2026-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
Key Figures
Open-market purchase: 2,000 shares
Purchase price: $53.07 per share
Direct holdings after trade: 11,479 shares
+3 more
6 metrics
Open-market purchase
2,000 shares
Common Stock bought on June 9, 2026
Purchase price
$53.07 per share
Weighted average; trades $53.05–$53.13
Direct holdings after trade
11,479 shares
Common Stock directly owned post-transaction
Indirect trust holdings example
1,347,912 shares
Common Stock held indirectly in one reported position
Indirect trust holdings example
1,137,182 shares
Common Stock held indirectly in another position
Family LP holdings
534,381 shares
Common Stock held by Sage Resources, Ltd.
Key Terms
Employee Stock Purchase Plan, Rule 16b-3, beneficial owner, pecuniary interest, +2 more
6 terms
Employee Stock Purchase Plan financial
"Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3 regulatory
"Such acquisitions are exempt under Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
beneficial owner regulatory
"shall be deemed an admission that such person is ... the beneficial owner of these shares."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein."
GRAT financial
"Represents shares held of record by the JWF 2024-2 GRAT, for which the reporting person is the trustee."
Non-GST Trusts financial
"collectively, the "2011 Non-GST Trusts"."
FAQ
What insider transaction did Matador Resources (MTDR) report for Joseph Wm Foran?
Matador Resources reported that Chairman and CEO Joseph Wm Foran bought 2,000 shares of common stock. The open-market purchase occurred on June 9, 2026 at a weighted average price of $53.07 per share, slightly varying between $53.05 and $53.13.
What does the Matador Resources (MTDR) Form 4 say about beneficial ownership?
The CEO states that the filing does not constitute an admission of beneficial ownership for certain indirectly held shares. He disclaims beneficial ownership except for his pecuniary interest, especially where shares are held by family trusts, while retaining full voting and investment power in specified GRAT structures.