Form 4: Matador Resources Director Boosts Stake in Company

Matador Resources Co. Director Shelley F. Appel increased her beneficial ownership of common stock through multiple purchases in late October and early November 2025.

Summary

• Shelley F. Appel, a Director of Matador Resources Co. (MTDR), reported multiple acquisitions of common stock.
• On October 30, 2025, 1,555 shares were acquired directly at a weighted average price of $39.9 per share, with prices ranging from $39.80 to $39.90.
• Also on October 30, 2025, 1,784 shares were acquired indirectly at $39.85 per share, held by the JNF-1 Trust.
• On October 31, 2025, 636 shares were acquired directly at $39.3 per share.
• On November 3, 2025, 510 shares were acquired directly at $39.25 per share.
• Following these transactions, direct beneficial ownership increased to 65,521 shares.
• Indirect beneficial ownership includes shares held by JNF-1 Trust (1,784 shares), Sage Resources, Ltd. (1,105,913 shares), SIF 2020 Non-GST Trust (336,978 shares), SIF 2011 Non-GST Trust (227,416 shares), Roth Individual Retirement Account (4,742 shares), Roth 401(k) account (2,150 shares), and the reporting person's spouse (58 shares).

Sentiment

Score: 7

Explanation: The sentiment is positive due to a company director increasing their stake, which typically indicates confidence in the company's future performance and value.

Positives

• A Director's purchase of company stock signals confidence in the company's future prospects and valuation.
• The multiple transactions indicate a sustained interest in increasing personal exposure to the company's equity.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

This insider transaction report does not provide specific industry context, but director purchases can be interpreted by the market as a positive signal for the energy sector, particularly for exploration and production companies like Matador Resources, if the director believes the stock is undervalued or expects future growth.

Related Party Transactions

• Indirect beneficial ownership includes shares held by the JNF-1 Trust, Sage Resources, Ltd. (a family-owned limited partnership), SIF 2020 Non-GST Trust, SIF 2011 Non-GST Trust, and the reporting person's spouse.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive indicator of management's belief in the company's value and future prospects, potentially boosting investor confidence.

Key Dates

Recommendation

A director's decision to increase their personal holdings in the company is generally a positive signal, suggesting confidence in the company's future. However, a Form 4 filing alone provides limited information for a comprehensive investment decision. While it indicates insider confidence, it does not provide details on the company's operational performance, financial health, or broader market conditions. Therefore, a 'hold' recommendation is prudent, advising investors to maintain their current position while seeking further fundamental analysis before making significant changes.

Keywords

Matador Resources, MTDR, Insider Trading, Director Purchase, Common Stock, Beneficial Ownership, SEC Form 4