Form 4: Matador Resources COO Schedules 1,000 Share Purchase

Matador Resources Co's EVP and COO, Christopher P. Calvert, reported a pre-planned indirect purchase of 1,000 common stock shares at $47.77, effective September 12, 2025.

Summary

• Christopher P. Calvert, Executive Vice President and Chief Operating Officer of Matador Resources Co (MTDR), reported a transaction.
• The transaction involves the acquisition of 1,000 shares of common stock at a price of $47.77 per share.
• This purchase is scheduled for September 12, 2025, and is made indirectly through the reporting person's 401(k) account.
• The transaction was made pursuant to a Rule 10b5-1 plan, indicating a pre-scheduled purchase.
• Following this transaction, Calvert will beneficially own 37,500 shares indirectly through his 401(k) account.
• Calvert also directly owns 85,576 shares of common stock.
• 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 restricted stock shares granted on February 16, 2023, vesting on their third anniversary (February 16, 2026).
• Additionally, direct holdings include 6,667 restricted stock shares granted on February 14, 2024, vesting in equal annual installments on the second and third anniversaries of the grant date (February 14, 2026, and February 14, 2027).

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. An executive's decision to increase their stake, even through a pre-planned 10b5-1 purchase, suggests confidence in the company's future. However, the transaction size is relatively small compared to total holdings, and the pre-planned nature makes it less indicative of immediate market sentiment than a discretionary open-market purchase.

Positives

• An executive's pre-planned purchase of company stock, even if scheduled for a future date, generally signals confidence in the company's long-term prospects.
• The transaction is part of a Rule 10b5-1 plan, which demonstrates a structured and long-term commitment to increasing insider ownership.

Future Outlook

The filing indicates future vesting dates for restricted stock awards on February 16, 2026, and in installments on February 14, 2026, and February 14, 2027, aligning executive incentives with long-term company performance.

Industry Context

This insider transaction is a routine disclosure for publicly traded companies, reflecting an executive's planned equity acquisition. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: May view the insider purchase as a positive signal of management's belief in the company's value, potentially boosting investor confidence.

Next Steps

• Vesting of 2,667 restricted stock shares on February 16, 2026.
• First installment vesting of 6,667 restricted stock shares on February 14, 2026.
• Second installment vesting of 6,667 restricted stock shares on February 14, 2027.

Key Dates

Recommendation

The purchase by a key executive signals confidence in the company's future, but the transaction size is relatively small and is part of a pre-planned 10b5-1 program. This alone does not provide sufficient new information for a strong buy or sell recommendation without further fundamental analysis of the company's financial performance and market position.

Keywords

Matador Resources, MTDR, insider trading, stock purchase, Form 4, executive compensation, common stock, Rule 10b5-1