Form 4: Matador Resources Director Appel Reports Stock Purchase and Beneficial Ownership Changes

Director Shelley F. Appel reports a recent purchase of Matador Resources stock and details changes in beneficial ownership, including shares held directly, indirectly through family entities, and retirement accounts.

Summary

• On February 21, 2025, Shelley F. Appel, a director of Matador Resources Co, purchased 300 shares of common stock at a price of $54.45 per share.
• Following this transaction, Appel directly owns 58,041 shares of Matador Resources common stock.
• Appel also has indirect ownership of shares through Sage Resources, Ltd. (1,105,913 shares), the SIF 2020 Non-GST Trust (336,978 shares), the SIF 2011 Non-GST Trust (227,416 shares), a Roth Individual Retirement Account (4,742 shares), a Roth 401(k) account (2,150 shares), and shares held by her spouse (58 shares).
• Appel disclaims beneficial ownership of the indirectly held shares except to the extent of her pecuniary interest.

Sentiment

Score: 6

Explanation: Neutral sentiment. The filing primarily reports a stock purchase and changes in beneficial ownership, which doesn't inherently indicate positive or negative sentiment. The purchase could be seen as slightly positive, but it's a relatively small transaction.

Positives

• The director's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track potential shifts in ownership and sentiment.

Comparison to Industry Standards

• Tracking insider transactions is a common practice in financial analysis, with firms like Vickers Stock Research and InsiderScore providing data and analysis on insider trading activity.
• These filings are comparable to those of other directors and officers in similar energy companies, such as Pioneer Natural Resources or Devon Energy, where insider transactions are closely monitored for insights into company performance and outlook.

Stakeholder Impact

• The stock purchase by a director could have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Matador Resources, MTDR, Shelley F. Appel, Director, Stock Purchase, Beneficial Ownership, Form 4, SEC Filing