Form 4: Matador CFO Buys Shares, Boosting Stake

Matador Resources Co's EVP and CFO, Robert T. Macalik, purchased 1,500 shares of common stock at $38.25, increasing his indirect beneficial ownership.

Summary

• Robert T. Macalik, Executive Vice President and Chief Financial Officer of Matador Resources Co (MTDR), acquired 1,500 shares of common stock.
• The transaction occurred on November 6, 2025, at a price of $38.25 per share.
• These shares were acquired indirectly and are held in the reporting person's Individual Retirement Account (IRA).
• Following this transaction, Macalik beneficially owns 35,039 shares indirectly through his IRA and 108,961 shares directly.
• Direct holdings include shares acquired via the Issuer's Employee Stock Purchase Plan, which are exempt under Rule 16b-3.
• Direct holdings also include 2,667 shares of restricted stock granted on February 16, 2023, vesting on its third anniversary.
• Additionally, direct holdings include 6,667 shares of restricted stock granted on February 14, 2024, vesting in equal installments on its second and third anniversaries.

Sentiment

Score: 7

Explanation: The purchase of shares by a key executive signals confidence in the company's prospects, which is a positive indicator for investors.

Positives

• The Executive Vice President and Chief Financial Officer, Robert T. Macalik, purchased 1,500 shares of common stock, signaling management's confidence in the company's future prospects.
• The purchase price of $38.25 per share indicates a specific valuation point at which a key insider chose to increase their stake.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance, as its primary purpose is to report changes in beneficial ownership by an insider.

Industry Context

This insider transaction reflects an individual executive's view on Matador Resources Co within the broader energy sector. While not indicative of industry-wide trends, insider buying can sometimes precede positive company-specific developments or reflect a belief that the company is undervalued relative to its peers.

Stakeholder Impact

• Shareholders may view the insider purchase as a positive signal, potentially increasing confidence in the company's stock.
• Employees may perceive increased stability and confidence from leadership, especially regarding the value of their own equity compensation.

Next Steps

• The 2,667 shares of restricted stock granted on February 16, 2023, are scheduled to vest on the third anniversary of the grant date (February 16, 2026).
• The 6,667 shares of restricted stock granted on February 14, 2024, are scheduled to vest in equal installments on the second and third anniversaries of the grant date (February 14, 2026, and February 14, 2027).

Key Dates

Recommendation

The purchase of shares by the EVP and CFO, Robert T. Macalik, indicates management's confidence in Matador Resources Co's future performance. While a positive signal, a single insider transaction typically reinforces a 'hold' position rather than a 'strong buy' without further fundamental analysis, but it does suggest a favorable internal outlook.

Keywords

Matador Resources, MTDR, insider trading, stock purchase, Form 4, executive compensation, common stock, CFO