Director Susan M. Ward gets 3,642 RSUs at Matador Resources (MTDR)

Rhea-AI Filing Summary

Ward Susan M reported acquisition or exercise transactions in this Form 4 filing.

Matador Resources director Susan M. Ward received a grant of 3,642 restricted stock units on June 11, 2026 as equity compensation. These RSUs vest on June 11, 2027, or earlier if the 2027 director elections occur sooner. After the grant, she directly holds 18,565 shares. Delivery of the vested RSUs is deferred until separation of service or a change in control.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ward Susan M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,642	$0.00	--

Holdings After Transaction: Common Stock — 18,565 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant: 3,642 units Post-transaction holdings: 18,565 shares Grant price: $0.00 per unit +1 more

4 metrics

RSU grant 3,642 units Restricted stock units granted on June 11, 2026

Post-transaction holdings 18,565 shares Common stock directly held after RSU grant

Grant price $0.00 per unit Equity compensation, not an open-market purchase

Vesting date June 11, 2027 RSUs vest on this date or earlier before 2027 director election

Key Terms

restricted stock units ("RSUs"), Nonqualified Deferred Compensation Plan for Non-Employee Directors, change in control

3 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") granted to the reporting person on June 11, 2026."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Nonqualified Deferred Compensation Plan for Non-Employee Directors financial

"Pursuant to the Issuer's Nonqualified Deferred Compensation Plan for Non-Employee Directors, the reporting person has deferred delivery..."

change in control regulatory

"within 30 days of the earlier of (i) separation of service or (ii) a change in control (the "Delivery Date")."

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

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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^*

Ward Susan M

(Last) (First) (Middle)

5400 LBJ FREEWAY

SUITE 1500

(Street)

DALLAS TEXAS 75240

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/11/2026		A		3,642(1)	A	$0	18,565	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. Represents restricted stock units ("RSUs") granted to the reporting person on June 11, 2026. Such RSUs will vest on June 11, 2027, or if sooner, immediately prior to the election of the nominees for director at the 2027 annual meeting of shareholders of the Issuer (the "Vesting Date"). Pursuant to the Issuer's Nonqualified Deferred Compensation Plan for Non-Employee Directors, the reporting person has deferred delivery of all of such vested RSUs to within 30 days of the earlier of (i) separation of service or (ii) a change in control (the "Delivery Date"). On the Delivery Date, such vested RSUs will be deliverable to the reporting person in an equal number of shares of common stock.

Remarks:

	/s/ Susan M. Ward, by Derek E. Gabriel as attorney-in-fact	06/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Matador Resources (MTDR) report for Susan M. Ward?

Matador Resources reported that director Susan M. Ward received 3,642 restricted stock units as an equity grant. The award was made on June 11, 2026 and represents compensation rather than an open-market share purchase.

When do Susan M. Ward’s 3,642 Matador Resources RSUs vest?

The 3,642 restricted stock units granted to Susan M. Ward vest on June 11, 2027. They may vest earlier if it is immediately before the election of director nominees at Matador Resources’ 2027 annual shareholder meeting.

How many Matador Resources shares does Susan M. Ward hold after this Form 4 transaction?

Following the June 11, 2026 RSU grant, Susan M. Ward is reported as directly holding 18,565 Matador Resources common shares. This total reflects her position after the equity award recorded in the Form 4 filing.

Are Susan M. Ward’s Matador RSUs delivered immediately upon vesting?

No. Under Matador’s Nonqualified Deferred Compensation Plan for Non-Employee Directors, delivery of vested RSUs is deferred. Shares are delivered within 30 days of separation of service or a change in control, whichever occurs first.

Will Susan M. Ward receive Matador common stock for her RSUs?

Yes. On the applicable delivery date, each vested restricted stock unit will be settled in one share of Matador Resources common stock. This occurs within 30 days after separation of service or a qualifying change in control event.

Is Susan M. Ward’s Form 4 transaction a stock purchase in the open market?

No. The Form 4 shows a grant of 3,642 restricted stock units at zero price as director compensation. It is not an open-market stock purchase and does not involve cash paid by the director for the shares.