MTDR CFO buys 1,500 shares at $38.25; updates holdings

Matador Resources (MTDR) reported an insider purchase by its EVP, Chief Financial Officer.

Rhea-AI Filing Summary

Matador Resources (MTDR) reported an insider purchase by its EVP, Chief Financial Officer. On 11/06/2025, the reporting person bought 1,500 shares of common stock at $38.25 per share (Transaction Code P).

After this trade, the reporting person beneficially owned 35,039 shares indirectly through an Individual Retirement Account and 108,961 shares directly. The ownership totals include shares acquired under the Employee Stock Purchase Plan and restricted stock awards: 2,667 shares granted on February 16, 2023 that vest on the third anniversary, and 6,667 shares granted on February 14, 2024 that vest in equal installments on the second and third anniversaries.

Insider Trade Summary

Net Buyer: 1,500 shares

Net Buy 2 txns

Insider Macalik Robert T

Role EVP, Chief Financial Officer

Bought 1,500 shs ($57K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,500	$38.25	$57K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 35,039 shares (Indirect, Represents shares held of record by the reporting person's Individual Retirement Account); Common Stock — 108,961 shares (Direct)

Footnotes (3)

1. F1. Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.
2. F2. 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.
3. F3. Includes 6,667 shares of restricted stock granted to the reporting person on February 14, 2024 that vest in equal installments on the second and third anniversaries of the date of grant.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did MTDR disclose?

The EVP, Chief Financial Officer purchased 1,500 shares of common stock at $38.25 per share on 11/06/2025 (Code P).

How many MTDR shares does the reporting person own after the trade?

Beneficial ownership totals 35,039 shares indirectly via an IRA and 108,961 shares directly.

What does transaction code P mean for the MTDR Form 4?

Code P indicates an open market or private purchase of the issuer’s equity securities.

Are restricted stock awards included in the reported MTDR holdings?

Yes. Holdings include 2,667 restricted shares granted on 02/16/2023 and 6,667 granted on 02/14/2024, with the stated vesting schedules.

Does the MTDR filing mention shares acquired under an employee plan?

Yes. It notes shares acquired under the Employee Stock Purchase Plan, which are exempt under Rule 16b-3.

Is any of the MTDR ownership indirect?

Yes. 35,039 shares are held indirectly through the reporting person’s Individual Retirement Account.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/10/2025 - 07:34 AM Learn about SEC filing dates

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^*

Macalik Robert T

(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)
	EVP, Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/06/2025

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	11/06/2025		P		1,500	A	$38.25	35,039	I	Represents shares held of record by the reporting person's Individual Retirement Account
Common Stock								108,961(1)(2)(3)	D

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.

3. Includes 6,667 shares of restricted stock granted to the reporting person on February 14, 2024 that vest in equal installments on the second and third anniversaries of the date of grant.

Remarks:

	/s/ Robert T. Macalik, by Cale L. Curtin as attorney-in-fact	11/10/2025
	** 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.