[Form 4] MATADOR RESOURCES COMPANY Insider Trading Activity
Rhea-AI Filing Summary
Matador Resources (MTDR) – Form 4 filed 08/05/2025
Chairman, CEO & Director Joseph Wm. Foran disclosed an open-market purchase of 5,000 MTDR shares on 08/01/2025 at a weighted-average $49.17, an outlay of roughly $246 k. His direct holdings rise to 6,606 shares.
Footnotes detail extensive family trusts, GRATs and a limited partnership that collectively hold about 5.4 million additional shares for which Foran disclaims beneficial ownership beyond his economic interest. No derivative positions or sales were reported.
The fresh purchase marginally increases direct exposure and can be read as a confidence signal, though the size is immaterial versus his indirect stake and Matador’s ~118 m shares outstanding.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small insider buy adds $246 k stake; sentiment positive but not thesis-changing.
The CEO’s open-market purchase signals personal conviction at ~$49, near recent trading levels. While only 5 k shares, insider buys in energy E&Ps often precede favorable operational updates or commodity-price views. Indirect control of ~5.4 m shares keeps management highly aligned with shareholders. The transaction is too small to affect float or valuation metrics, yet directionally positive in a sector where insider selling is more common.
TL;DR: Governance-neutral; indirect trusts dominate ownership, purchase strengthens alignment.
Foran’s complex trust structure separates voting and economic interests, but the Form 4 reaffirms transparency. The additional direct holding reduces potential agency concerns by putting more personal capital at risk. The buy adheres to Rule 10b5-1 protections and raises no red flags. Impact on governance risk profile: minimal.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 5,000 | $49.17 | $246K |
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Footnotes (1)
- Ther price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $49.01 to $49.25 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. Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16-b3. Reflects the total number of shares directly held by the reporting person following contributions of shares by the reporting person and the reporting person's spouse to the Foran 2012 Savings Trust and the Foran 2012 Security Trust, pursuant to the terms thereof. 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. Represents shares held of record by the Foran 2012 Savings Trust for which the reporting person's spouse is a trustee. Includes shares held by the trust following a contribution of shares by the reporting person to the trust, pursuant to the terms thereof. Represents shares held of record by the Foran 2012 Security Trust for which the reporting person is the trustee. Includes shares held by the trust following a contribution of shares by the reporting person's spouse to the trust, pursuant to the terms thereof. 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 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. 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. 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. 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. 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. 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. 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. 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. 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. 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.
