Form 4: Matador Resources Director Buys Shares

Matador Resources Co. Director Paul W. Harvey acquired 800 shares of common stock at $40.30 per share, increasing his beneficial ownership.

Summary

• Paul W. Harvey, a Director of Matador Resources Co. (MTDR), acquired 800 shares of common stock.
• The transaction occurred on October 30, 2025, at a price of $40.30 per share.
• Following this transaction, Mr. Harvey's total beneficial ownership includes 12,775 shares held directly.
• Indirect beneficial ownership includes 15,767 shares held by the Harvey Revocable Trust, 8,500 shares in an Individual Retirement Account, 3,000 shares through Wilson Peak Limo, LLC, and 300 shares held by his child.
• The reporting person disclaims beneficial ownership of indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The purchase of shares by a director is generally a positive signal, indicating confidence in the company's future. The relatively small number of shares purchased prevents a higher score, but it's still a favorable action.

Positives

• A Director, Paul W. Harvey, purchased 800 shares of company common stock, indicating confidence in the company's future prospects.
• The purchase price of $40.30 per share suggests management believes the stock is a good value at that price point.

Negatives

• No specific negative points are identified in this Form 4 filing, which primarily reports an insider transaction.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

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

Management Comments

• The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these shares.
• The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.

Industry Context

Insider buying, such as this transaction by a director, is often viewed by the market as a positive signal, suggesting that those with intimate knowledge of the company believe its stock is undervalued or has strong future prospects. In the energy sector, such a move could reflect confidence in the company's operational performance, asset base, or commodity price outlook.

Comparison to Industry Standards

• This filing reports a standard insider transaction. While the specific amount and price are unique to this transaction, the act of a director purchasing shares is a common occurrence across industries and is generally interpreted as a sign of confidence.
• There are no specific comparable companies, projects, or results mentioned in this filing to benchmark against.

Related Party Transactions

• Shares are held indirectly by the Harvey Revocable Trust, for which the reporting person is a trustee.
• Shares are held indirectly by Wilson Peak Limo, LLC, a limited liability company owned by the reporting person and the reporting person's spouse.
• Shares are held indirectly by the reporting person's child.

Stakeholder Impact

• Shareholders: May view the director's purchase as a positive signal, potentially increasing confidence in the stock.
• Management/Employees: Could see this as a sign of leadership's belief in the company's direction.

Next Steps

• No specific future actions or milestones are mentioned in this Form 4 filing.

Key Dates

Recommendation

The purchase of shares by a director, particularly at a specific price, often signals insider confidence in the company's valuation and future prospects. This action suggests that a key insider believes the stock is a good investment, which can be a strong indicator for other investors to consider a 'buy' position, assuming no other negative factors are present.

Keywords

Matador Resources, MTDR, Insider Trading, Stock Purchase, Director, Paul W. Harvey, SEC Form 4, Beneficial Ownership, Equity Acquisition