Billy E. Goodwin - Mar 10, 2022 Form 4 Insider Report for Matador Resources Co (MTDR)

Signature
/s/ Billy E. Goodwin, by Brian J. Willey as attorney-in-fact
Stock symbol
MTDR
Transactions as of
Mar 10, 2022
Transactions value $
$0
Form type
4
Date filed
3/10/2022, 04:53 PM
Previous filing
Feb 22, 2022
Next filing
Jun 7, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MTDR Phantom Units Options Exercise $0 -22.6K -50% $0.00 22.6K Mar 10, 2022 Common Stock 22.6K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit is the economic equivalent of one share of the Issuer's common stock. As required by the terms of the award, upon the March 10, 2022 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $52.73 per unit based upon the closing price of the Issuer's common stock on March 9, 2022. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.
F2 The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, March 10, 2020.