Matador (MTDR) Insider Purchase: Foran Reports 2,000-Share Buy

Rhea-AI Filing Summary

Matador Resources Co. (MTDR) insider filing shows Joseph Wm. Foran, Chairman and CEO, purchased 2,000 shares of Matador common stock on 08/19/2025 at $46.25 per share. After the transaction, the filing reports Mr. Foran directly beneficially owns 8,606 shares, and discloses substantial additional indirect holdings across trusts, partnerships and GRATs totaling multiple reported blocks (e.g., 518,708; 1,105,913; 1,137,182; 1,347,912 shares among others). The filing clarifies certain positions are disclaimed as beneficial ownership except for pecuniary interest and identifies trustee roles over several trusts.

Positive

• Insider purchase: Chairman and CEO Joseph Wm. Foran purchased 2,000 shares at $46.25 on 08/19/2025, explicitly reported on Form 4
• Substantial aggregate holdings disclosed: The filing documents large indirect holdings across trusts and entities (examples include 518,708, 1,105,913, 1,347,912 shares), clarifying ownership structure

Negative

• None.

Insights

Financial Analyst

TL;DR: CEO bought 2,000 shares at $46.25; filing shows very large indirect family/trust holdings, mixed signal for liquidity but not a material governance event.

The direct open-market purchase of 2,000 shares by the Chairman/CEO is an explicit insiders' buy at $46.25, which can signal personal purchase conviction but is modest relative to the large indirect positions reported. The statement lists numerous trust and partnership holdings totaling several large share blocks, though the reporting person disclaims beneficial ownership of many of those shares except for pecuniary interest or trustee powers. For investors, this is a routine Section 16 disclosure of an insider purchase and aggregation of familial/trust holdings, not a corporate-action disclosure.

Corporate Governance Expert

TL;DR: Insider purchase is routine and the form documents control/interest via trusts; no leadership change or governance action disclosed.

The filing confirms Mr. Foran serves as Chairman and CEO and documents trustee roles and substitution powers for multiple family trusts and GRATs holding shares. These disclosures clarify ownership structure and potential voting/investment control without indicating any change in governance, compensation, or board composition. The form is informational under Section 16 and does not present a governance red flag based on the disclosed items.

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
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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^*

Foran Joseph Wm

(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
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

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	08/19/2025		P		2,000	A	$46.25	8,606(1)	D
Common Stock								518,708(2)	I	See footnote(3)
Common Stock								483,124(2)	I	See footnote(4)
Common Stock								1,105,913(2)	I	See footnote(5)
Common Stock								1,137,182(2)	I	See footnote(6)
Common Stock								1,347,912(2)	I	See footnote(7)
Common Stock								36,885(2)	I	See footnote(8)
Common Stock								36,885(2)	I	See footnote(9)
Common Stock								109,221(2)	I	See footnote(10)
Common Stock								109,221(2)	I	See footnote(11)
Common Stock								90,247(2)	I	See footnote(12)
Common Stock								90,247(2)	I	See footnote(13)
Common Stock								175,766(2)	I	See footnote(14)
Common Stock								175,766(2)	I	See footnote(15)

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 16-b3.

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 his pecuniary interest therein.

3. Represents shares held of record by the Foran 2012 Savings Trust for which the reporting person's spouse is a trustee.

4. Represents shares held of record by the Foran 2012 Security Trust for which the reporting person is the trustee.

5. 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.

6. 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.

7. 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.

8. Represents shares held of record by the JWF 2023-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.

9. Represents shares held of record by the NNF 2023-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.

10. 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.

11. 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.

12. 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.

13. 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.

14. 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.

15. 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.

Remarks:

	/s/ Joseph Wm. Foran, by Cale L. Curtin as attorney-in-fact	08/21/2025
	** 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 insider transaction did MTDR CEO Joseph Foran report on Form 4?

The filing reports Joseph Wm. Foran purchased 2,000 shares of Matador common stock on 08/19/2025 at a price of $46.25 per share.

How many shares does Joseph Wm. Foran directly own after the reported transaction?

The Form 4 shows Mr. Foran directly beneficially owns 8,606 shares following the reported transaction.

Does the Form 4 disclose other holdings for Mr. Foran?

Yes. The filing discloses multiple indirect holdings held by trusts and entities (for example, 518,708; 1,105,913; 1,137,182; 1,347,912 shares) and notes trustee roles and substitution powers.

Did Mr. Foran claim beneficial ownership of all disclosed shares?

No. The filing includes a statement disclaiming beneficial ownership of certain shares except to the extent of his pecuniary interest and clarifies which shares are held of record by trusts or entities.

Who signed the Form 4 filing for Joseph Wm. Foran?

The signature block shows the Form 4 was signed by /s/ Joseph Wm. Foran, by Cale L. Curtin as attorney-in-fact on 08/21/2025.