MTDR insider reports open‑market purchases totaling 4,485 shares

Rhea-AI Filing Summary

Matador Resources (MTDR) director reported open‑market purchases of 4,485 shares across multiple trades. Transactions included 1,555 shares on 10/30/2025 at a weighted average price with individual trades ranging from $39.80 to $39.90, 1,784 shares on 10/30/2025 at $39.85, 636 shares on 10/31/2025 at $39.30, and 510 shares on 11/03/2025 at $39.25 (all coded “P” for open‑market purchases).

Following these transactions, direct holdings were 65,521 shares. Reported indirect holdings include 1,105,913 shares held by Sage Resources, Ltd. and 336,978 shares held by the SIF 2020 Non‑GST Trust, among other accounts; the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.

Insider Trade Summary

Net Buyer: 4,485 shares ($178,149)

Net Buy 10 txns

Insider Appel Shelley F

Role Director

Bought 4,485 shs ($178K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	510	$39.25	$20K
Purchase	Common Stock	636	$39.30	$25K
Purchase	Common Stock	1,555	$39.90	$62K
Purchase	Common Stock	1,784	$39.85	$71K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 65,521 shares (Direct); Common Stock — 1,784 shares (Indirect, See footnote)

Footnotes (1)

1. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $39.80 to $39.90 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. 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 her pecuniary interest therein. Represents shares held of record by the JNF-1 Trust for which the reporting person is a trustee. 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 by the SIF 2020 Non-GST Trust (the "2020 Non-GST Trust"). The reporting person is a beneficiary of the 2020 Non-GST Trust. Represents shares held of record by the SIF 2011 Non-GST Trust (the "2011 Non-GST Trust"). The reporting person is a beneficiary of the 2011 Non-GST Trust. Represents shares held of record by the reporting person's spouse.

Form 4 Insider Transactions: What Each Field Means →

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^*

Appel Shelley F

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/30/2025

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	10/30/2025		P		1,555	A	$39.9(1)	64,375	D
Common Stock	10/30/2025		P		1,784	A	$39.85	1,784(2)	I	See footnote(3)
Common Stock	10/31/2025		P		636	A	$39.3	65,011	D
Common Stock	11/03/2025		P		510	A	$39.25	65,521	D
Common Stock								1,105,913(2)	I	See footnote(4)
Common Stock								336,978(2)	I	See footnote(5)
Common Stock								227,416(2)	I	See footnote(6)
Common Stock								4,742	I	Represents shares held of record by the reporting person's Roth Individual Retirement Account.
Common Stock								2,150	I	Represents shares held of record by the reporting person's Roth 401(k) account
Common Stock								58(2)	I	See footnote(7)

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. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $39.80 to $39.90 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.

2. 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 her pecuniary interest therein.

3. Represents shares held of record by the JNF-1 Trust for which the reporting person is a trustee.

4. 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.

5. Represents shares held of record by the SIF 2020 Non-GST Trust (the "2020 Non-GST Trust"). The reporting person is a beneficiary of the 2020 Non-GST Trust.

6. Represents shares held of record by the SIF 2011 Non-GST Trust (the "2011 Non-GST Trust"). The reporting person is a beneficiary of the 2011 Non-GST Trust.

7. Represents shares held of record by the reporting person's spouse.

Remarks:

	/s/ Shelley F. Appel, by Cale L. Curtin as attorney-in-fact	11/03/2025
	** 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 MTDR’s director report on Form 4?

Open‑market purchases totaling 4,485 shares at prices between $39.25 and $39.90 on 10/30/2025, 10/31/2025, and 11/03/2025.

What were the specific MTDR trade prices and dates?

$39.80–$39.90 (weighted average) and $39.85 on 10/30/2025; $39.30 on 10/31/2025; $39.25 on 11/03/2025.

How many MTDR shares does the director hold directly after these trades?

Directly held shares totaled 65,521 after the reported transactions.

What indirect MTDR holdings were disclosed?

Examples include 1,105,913 shares held by Sage Resources, Ltd. and 336,978 shares held by the SIF 2020 Non‑GST Trust.

What transaction code was used for the MTDR trades?

Code P, indicating open‑market or private purchases of non‑derivative securities.

Were any accounts other than direct ownership reported?

Yes. Indirect accounts include trusts, a Roth IRA (4,742 shares), and a Roth 401(k) (2,150 shares).

Who signed the MTDR Form 4 and when?

Signed /s/ Shelley F. Appel, by Cale L. Curtin as attorney‑in‑fact on 11/03/2025.