Form 4: Matador Resources EVP Buys Shares

Matador Resources' EVP of Production, Glenn W. Stetson, purchased 500 shares of common stock at $48.52 per share, increasing his direct beneficial ownership.

Summary

• Glenn W. Stetson, Executive Vice President of Production at Matador Resources Co (MTDR), acquired 500 shares of common stock.
• The transaction occurred on September 12, 2025, at a price of $48.52 per share.
• Following this purchase, Stetson directly beneficially owns 93,952 shares of Matador Resources common stock.
• The reported transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• The total beneficial ownership includes shares acquired through the Issuer's Employee Stock Purchase Plan, which are exempt under Rule 16b-3.
• Beneficial ownership also includes 2,667 restricted stock shares granted on February 16, 2023, vesting on their third anniversary (February 16, 2026).
• Additionally, it includes 6,667 restricted stock shares granted on February 14, 2024, vesting in equal annual installments on their second and third anniversaries (February 14, 2026 and February 14, 2027).

Sentiment

Score: 7

Explanation: The direct purchase of shares by a key executive, even if a modest amount, generally conveys a positive sentiment regarding the company's future performance and valuation. The use of a 10b5-1 plan suggests a deliberate, long-term investment strategy.

Positives

• An executive's direct purchase of company stock signals confidence in the company's future prospects.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-planned investment strategy by the executive.

Future Outlook

NA

Industry Context

Insider purchases, particularly by high-ranking executives like an EVP of Production in the energy sector, are often viewed by the market as a positive indicator of management's belief in the company's operational strength and future growth prospects, especially in a volatile commodity market.

Stakeholder Impact

• Shareholders may view this insider purchase as a positive signal, potentially increasing confidence in the company's stock.
• Employees might interpret the executive's investment as a sign of stability and belief in the company's direction.

Next Steps

• The 2,667 shares of restricted stock granted on February 16, 2023, are scheduled to vest on February 16, 2026.
• The 6,667 shares of restricted stock granted on February 14, 2024, are scheduled to vest in equal annual installments on February 14, 2026, and February 14, 2027.

Key Dates

Recommendation

The direct purchase of company stock by a high-ranking executive, particularly under a Rule 10b5-1 plan, indicates management's confidence in the company's intrinsic value and future prospects. While the volume is not exceptionally large, it represents a personal investment by a key operational leader, which is generally a bullish signal for investors. This action suggests that the executive believes the stock is a good value at the current price, warranting a 'buy' recommendation for investors considering Matador Resources.

Keywords

Matador Resources, MTDR, Insider Trading, Stock Purchase, Executive, Common Stock, SEC Form 4, Rule 10b5-1, Restricted Stock