Matador Resources Insider Purchase: Foran Acquires 2,000 MTDR Shares
Rhea-AI Filing Summary
Joseph Wm. Foran, Chairman, CEO and director of Matador Resources Co (MTDR), reported an open‑market purchase of 2,000 shares of Matador common stock on 09/12/2025 at a weighted average price of $48.15 per share. The Form 4 shows the reporting person directly owned 8,025 shares after the purchase and disclaims beneficial ownership of many other holdings, while also reporting numerous indirect holdings held of record by trusts and family entities, which are individually listed (for example, 519,881, 484,532, 1,105,913, and others). The filing includes footnotes describing the record owners and the reporting person’s trustee roles and powers over several trusts.
Positive
- Insider purchase of 2,000 shares at a weighted average price of $48.15 on 09/12/2025
- Disclosure of extensive indirect holdings across trusts and family entities, increasing transparency
Negative
- None.
Insights
TL;DR: CEO/director purchased a small block of shares, and the filing lists substantial indirect holdings across multiple trusts.
The Form 4 documents a 2,000‑share open‑market purchase by Joseph Wm. Foran at a weighted average price of $48.15. Post‑transaction direct ownership is reported as 8,025 shares. The filing primarily discloses indirect ownership via multiple trusts and family entities with sizable recorded positions (examples include 519,881, 1,105,913, 1,347,912). From a market perspective, an insider purchase is a positive signal of alignment with shareholders, but the purchased amount is modest relative to the larger indirect holdings noted. The report contains standard disclaimers of beneficial ownership and detailed footnotes identifying trustee relationships and transfers among trusts.
TL;DR: Reporting person is both CEO and trustee of multiple vehicles; disclosure shows acquisitions and several trust structures holding shares.
The filing confirms Foran’s roles as Chairman and CEO and records his execution of an open‑market purchase on 09/12/2025. The document provides granular disclosure of indirect holdings held in numerous trusts, including transfers into certain GRATs and trusts as described in the footnotes. The footnotes appropriately explain trustee powers, transfers, and exemptions (for example, Employee Stock Purchase Plan acquisitions exempt under Rule 16b‑3). The filing appears procedurally complete and includes the required signature by attorney‑in‑fact.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,000 | $48.15 | $96K |
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Footnotes (1)
- The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $48.14 to $48.15 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 16-b3. 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 transfer 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 transfer 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 2024-1 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 2024-1 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 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. Includes 36,885 shares transferred to the trust following their distribution from the JWF 2023-2 GRAT to its settlor and 55,124 shares transferred to the trust following their distribution from the JWF 2024-2 GRAT to its settlor, each being annuity payments required by the terms of the respective trusts. 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. Includes 36,885 shares transferred to the trust following their distribution from the NNF 2023-2 GRAT to its settlor and 55,124 shares transferred to the trust following their distribution from the NNF 2024-2 GRAT to its settlor, each being annuity payments required by the terms of the respective trusts.
