Form 4: Matador CEO Foran Buys 4,000 Shares

Matador Resources Co. Chairman and CEO Joseph Wm Foran purchased 4,000 shares of common stock at a weighted average price of $38.44 per share.

Summary

• Joseph Wm Foran, Chairman and CEO of Matador Resources Co. (MTDR), acquired 4,000 shares of common stock.
• The transaction occurred on November 4, 2025, at a weighted average price of $38.44 per share, with individual transaction prices ranging from $38.38 to $38.51.
• The purchase was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged acquisition strategy.
• Following this transaction, Foran directly beneficially owns 22,867 shares, which includes shares acquired through the Issuer's Employee Stock Purchase Plan.
• Foran also holds significant indirect beneficial ownership through various family trusts and a family-owned limited partnership, totaling 5,079,606 shares, though he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 8

Explanation: The purchase of company stock by the Chairman and CEO, especially under a Rule 10b5-1 plan, is a strong positive signal of management's confidence in the company's value and future prospects.

Positives

• The Chairman and CEO's purchase of company stock signals confidence in Matador Resources Co.'s future prospects.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned acquisition strategy rather than a reactive one.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

An insider purchase by the CEO of an oil and gas company like Matador Resources Co. can be interpreted by the market as a positive signal, suggesting management's belief in the company's valuation and future performance within the energy sector, especially given current market conditions or specific company developments.

Related Party Transactions

• The reporting person disclaims beneficial ownership of shares held indirectly through various family trusts and a family-owned limited partnership, except to the extent of his pecuniary interest therein. These include shares held by the Foran 2012 Savings Trust (519,881 shares), Foran 2012 Security Trust (484,532 shares), Sage Resources, Ltd. (1,105,913 shares), 2011 Non-GST Trusts (1,137,182 shares), 2020 Non-GST Trusts (1,347,912 shares), and several GRATs (JWF 2024-1 GRAT: 109,221 shares, NNF 2024-1 GRAT: 109,221 shares, JWF 2024-2 GRAT: 35,123 shares, NNF 2024-2 GRAT: 35,123 shares, JWF 2025-1 GRAT: 175,766 shares, NNF 2025-1 GRAT: 175,766 shares, JWF 2025-2 GRAT: 92,009 shares, NNF 2025-2 GRAT: 92,009 shares).

Stakeholder Impact

• Shareholders may view the CEO's stock purchase as a positive indicator of future stock performance, potentially increasing investor confidence.
• Employees might perceive this as a sign of stability and positive outlook for the company.

Key Dates

Recommendation

The Chairman and CEO's direct purchase of company stock, particularly when executed under a Rule 10b5-1 plan, is a strong signal of confidence in the company's intrinsic value and future growth trajectory. This insider buying activity suggests that management believes the stock is undervalued or poised for appreciation, making it a compelling 'buy' signal for investors.

Keywords

Matador Resources, MTDR, Joseph Wm Foran, Insider Trading, Stock Purchase, CEO, Form 4, Equity Acquisition, Energy Sector, Oil and Gas