MTDR Form 4: Bryan Erman Acquires 500 Shares, Total Ownership 76,518

Rhea-AI Filing Summary

Matador Resources Co. director and Co-President, CLO & Head of M&A Bryan A. Erman reported an insider purchase on 09/12/2025 of 500 shares of common stock at a price of $47.99 per share. After the reported transaction, the filing shows 76,518 shares beneficially owned in total, including shares held in a 401(k) (4,250 shares) and an IRA (2,400 shares). The filing also discloses that 2,667 restricted shares were granted on February 16, 2023 and vest on the third anniversary of the grant, and that certain Employee Stock Purchase Plan acquisitions are exempt under Rule 16b-3.

Positive

• Insider purchase disclosed: 500 shares acquired at $47.99 on 09/12/2025
• Comprehensive ownership detail: Filing reports total beneficial ownership of 76,518 shares with breakdowns for 401(k) and IRA holdings
• Restricted shares disclosed: 2,667 restricted shares granted 02/16/2023 that vest on the third anniversary (vesting noted)

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider bought 500 shares at $47.99; total beneficial ownership 76,518 shares, including restricted shares and retirement holdings.

The Form 4 documents a small open-market purchase by a named executive officer and director. The transaction is clearly disclosed with price and post-transaction holdings. The filing notes exempt ESPP acquisitions and identifies restricted shares that vest in 2026, which affect future dilution and ownership timing. From an investor-disclosure standpoint, the form is complete and compliant.

Corporate Governance Expert

TL;DR: Filing shows routine insider purchase and proper disclosure of indirect holdings and restricted stock vesting.

The report lists direct and indirect ownership categories (401(k), IRA, restricted stock) and includes an attorney-in-fact signature, indicating proper execution. No amendments or corrective disclosures are present. The transaction date and signature date are provided, and exemptions under Rule 16b-3 are noted for ESPP purchases.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Erman Bryan A

(Last) (First) (Middle)

5400 LBJ FREEWAY

SUITE 1500

(Street)

DALLAS TX 75240

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Matador Resources Co [ MTDR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-President,CLO & Head of M&A

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/12/2025		P		500	A	$47.99	4,250	I	Represents shares held of record by the reporting person's 401(k) account
Common Stock								76,518(1)(2)	D
Common Stock								2,400	I	Represents shares held of record by the reporting person's Individual Retirement Account

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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

2. Includes 2,667 shares of restricted stock granted to the reporting person on February 16, 2023 that vest on the third anniversary of the date of grant

Remarks:

	/s/ Bryan A. Erman, by Cale L. Curtin as attorney-in-fact	09/16/2025
	** 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 4 (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.

FAQ

What did Matador Resources (MTDR) insider Bryan A. Erman purchase on 09/12/2025?

The filing shows 500 shares of Matador Resources common stock purchased at $47.99 per share on 09/12/2025.

How many Matador (MTDR) shares does Bryan A. Erman beneficially own after the reported transaction?

The Form 4 reports 76,518 shares beneficially owned following the reported transaction.

Does the filing disclose restricted stock or employee plan shares for the insider?

Yes. It discloses 2,667 restricted shares granted 02/16/2023 that vest on the third anniversary, and notes ESPP acquisitions exempt under Rule 16b-3.

Are any indirect holdings identified in the Form 4 for Bryan A. Erman?

Yes. The filing identifies 4,250 shares held of record in a 401(k) account and 2,400 shares held in an Individual Retirement Account (IRA).