MTDR · Matador Resources Co

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $54.45 to $54.50 per share, inclusive. The reporting person shall provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16-b3.

Represents the total number of shares directly held by the reporting person following contributions of shares by the reporting person and the reporting person's spouse to the JWF 2026-2 GRAT and the NNF 2026-2 GRAT.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16-b3.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $53.63 to $53.65 per share, inclusive. The reporting person shall provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16-b3.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $51.29 to $51.74 per share, inclusive. The reporting person shall provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16-b3.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $51.88 to $52.45 per share, inclusive. The reporting person shall provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16-b3.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $51.63 to $51.70 per share, inclusive. The reporting person shall provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3

In connection with family estate planning, Mr. Stewart made a gift of a total of 9,400 shares of Matador common stock to two trusts of which Mr. Stewart is not the trustee. The primary beneficiaries of these trusts are two of Mr. Stewart's adult daughters.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16-b3.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $50.88 to $51.12 per share, inclusive. The reporting person shall provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.

Represents restricted stock units ("RSUs") granted to the reporting person on June 11, 2026. Such RSUs will vest, and an equal number of shares of common stock will be deliverable to the reporting person on June 11, 2027, or if sooner, immediately prior to the election of nominees for director at the 2027 annual meeting of shareholders of the Issuer.

Represents restricted stock units ("RSUs") granted to the reporting person on June 11, 2026. Such RSUs will vest on June 11, 2027, or if sooner, immediately prior to the election of the nominees for director at the 2027 annual meeting of shareholders of the Issuer (the "Vesting Date"). Pursuant to the Issuer's Nonqualified Deferred Compensation Plan for Non-Employee Directors, the reporting person has deferred delivery of all of such vested RSUs to within 30 days of the earlier of (i) separation of service or (ii) a change in control (the "Delivery Date"). On the Delivery Date, such vested RSUs will be deliverable to the reporting person in an equal number of shares of common stock.

Represents restricted stock units ("RSUs") granted to the reporting person on June 11, 2026. Such RSUs will vest on June 11, 2027, or if sooner, immediately prior to the election of the nominees for director at the 2027 annual meeting of shareholders of the Issuer (the "Vesting Date"). Pursuant to the Issuer's Nonqualified Deferred Compensation Plan for Non-Employee Directors, the reporting person has deferred delivery of all of such vested RSUs to within 30 days of the earlier of (i) separation of service or (ii) a change in control (the "Delivery Date"). On the Delivery Date, such vested RSUs will be deliverable to the reporting person in an equal number of shares of common stock.

Represents restricted stock units ("RSUs") granted to the reporting person on June 11, 2026. Such RSUs will vest, and an equal number of shares of common stock will be deliverable to the reporting person on June 11, 2027, or if sooner, immediately prior to the election of nominees for director at the 2027 annual meeting of shareholders of the Issuer.

Represents restricted stock units ("RSUs") granted to the reporting person on June 11, 2026. Such RSUs will vest, and an equal number of shares of common stock will be deliverable to the reporting person on June 11, 2027, or if sooner, immediately prior to the election of nominees for director at the 2027 annual meeting of shareholders of the Issuer.

Represents restricted stock units ("RSUs") granted to the reporting person on June 11, 2026. Such RSUs will vest, and an equal number of shares of common stock will be deliverable to the reporting person on June 11, 2027, or if sooner, immediately prior to the election of nominees for director at the 2027 annual meeting of shareholders of the Issuer.

Represents restricted stock units ("RSUs") granted to the reporting person on June 11, 2026. Such RSUs will vest, and an equal number of shares of common stock will be deliverable to the reporting person on June 11, 2027, or if sooner, immediately prior to the election of nominees for director at the 2027 annual meeting of shareholders of the Issuer.

Represents restricted stock units ("RSUs") granted to the reporting person on June 11, 2026. Such RSUs will vest on June 11, 2027, or if sooner, immediately prior to the election of the nominees for director at the 2027 annual meeting of shareholders of the Issuer (the "Vesting Date"). Pursuant to the Issuer's Nonqualified Deferred Compensation Plan for Non-Employee Directors, the reporting person has deferred delivery of all of such vested RSUs to within 30 days of the earlier of (i) the fifth anniversary of the Vesting Date, (ii) separation of service or (iii) a change in control (the "Delivery Date"). On the Delivery Date, such vested RSUs will be deliverable to the reporting person in an equal number of shares of common stock.

Represents restricted stock units ("RSUs") granted to the reporting person on June 11, 2026. Such RSUs will vest, and an equal number of shares of common stock will be deliverable to the reporting person on June 11, 2027, or if sooner, immediately prior to the election of nominees for director at the 2027 annual meeting of shareholders of the Issuer.

Includes 3,334 shares of restricted stock granted to the reporting person on February 14, 2024 that vest on the third anniversary of the date of grant.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $53.05 to $53.13 per share, inclusive. The reporting person shall provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $55.28 to $55.30 per share, inclusive. The reporting person shall provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16-b3.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $52.57 to $52.73 per share, inclusive. The reporting person shall provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.

Includes 3,334 shares of restricted stock granted to the reporting person on February 14, 2024 that vest on the third anniversary of the date of grant.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $52.19 to $52.40 per share, inclusive. The reporting person shall provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16-b3.

Each phantom unit is the economic equivalent of one share of the Issuer's common stock. As required by the terms of the award, upon the May 1, 2026 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $63.44 per unit based upon the closing price of the Issuer's common stock on April 30, 2026. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.

The phantom units vest in equal annual installments on May 1, 2026, May 1, 2027 and May 1, 2028.

Each phantom unit is the economic equivalent of one share of the Issuer's common stock. As required by the terms of the award, upon the May 1, 2026 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $63.44 per unit based upon the closing price of the Issuer's common stock on April 30, 2026. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.

The phantom units vest in equal installments on May 1, 2025, May 1, 2026 and May 1, 2027.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.

Includes 3,000 shares of restricted stock granted to the reporting person on October 29, 2024 that vest on May 1, 2027.

Includes 3,218 shares of restricted stock granted to the reporting person on July 21, 2025 that vest on May 1, 2028.

Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 1,000 shares of restricted stock that were granted to the reporting person on March 31, 2023. No shares were sold by the reporting person to satisfy this tax liability.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $49.76 to $49.80 per share, inclusive. The reporting person shall provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16-b3.

Reflects the total number of shares directly held by the reporting person following contributions of shares by the reporting person and the reporting person's spouse to the Foran 2012 Savings Trust and the Foran 2012 Security Trust, pursuant to the terms thereof.

Each phantom unit is the economic equivalent of one share of the Issuer's common stock.

The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant.

Each phantom unit is the economic equivalent of one share of the Issuer's common stock.

The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant.

Each phantom unit is the economic equivalent of one share of the Issuer's common stock.

The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant.

Each phantom unit is the economic equivalent of one share of the Issuer's common stock.

The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant.

Each phantom unit is the economic equivalent of one share of the Issuer's common stock.

The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant.

Each phantom unit is the economic equivalent of one share of the Issuer's common stock.

The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant.

Each phantom unit is the economic equivalent of one share of the Issuer's common stock.

The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant.

Each phantom unit is the economic equivalent of one share of the Issuer's common stock. As required by the terms of the award, upon the February 16, 2026 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $47.80 per unit based upon the closing price of the Issuer's common stock on February 13, 2026. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.

The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 16, 2023.

Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 2,667 shares of restricted stock that were granted to the reporting person on February 16, 2023. No shares were sold by the reporting person to satisfy this tax liability.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.

Each phantom unit is the economic equivalent of one share of the Issuer's common stock. As required by the terms of the award, upon the February 16, 2026 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $47.80 per unit based upon the closing price of the Issuer's common stock on February 13, 2026 No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.

The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 16, 2023.

Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 2,667 shares of restricted stock that were granted to the reporting person on February 16, 2023. No shares were sold by the reporting person to satisfy this tax liability.

Includes (i) shares acquired pursuant to the Issuer's Employee Stock Purchase Plan; such acquisitions are exempt under Rule 16b-3; and (ii) 3,333 shares of restricted stock granted to the reporting person on February 14, 2024 that vest in equal annual installments on the second and third anniversaries of the date of grant.

Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 2,667 shares of restricted stock that were granted to the reporting person on February 16, 2023. No shares were sold by the reporting person to satisfy this tax liability.

Includes (i) shares acquired pursuant to the Issuer's Employee Stock Purchase Plan; such acquisitions are exempt under Rule 16b-3; and (ii) 3,333 shares of restricted stock granted to the reporting person on February 14, 2024 that vest in equal annual installments on the second and third anniversaries of the date of grant.

Each phantom unit is the economic equivalent of one share of common stock of the Issuer's common stock. As required by the terms of the award, upon the February 16, 2026 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $47.80 per unit based upon the closing price of the Issuer's common stock on February 13, 2026. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.

The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 16, 2023.

Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 2,667 shares of restricted stock that were granted to the reporting person on February 16, 2023. No shares were sold by the reporting person to satisfy this tax liability.

Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.

Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 2,667 shares of restricted stock that were granted to the reporting person on February 16, 2023. No shares were sold by the reporting person to satisfy this tax liability.

Includes (i) shares acquired pursuant to the Issuer's Employee Stock Purchase Plan; such acquisitions are exempt under Rule 16b-3; and (ii) 3,333 shares of restricted stock granted to the reporting person on February 14, 2024 that vest in equal annual installments on the second and third anniversaries of the date of grant.

Each phantom unit is the economic equivalent of one share of the Issuer's common stock. As required by the terms of the award, upon the February 14, 2026 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $47.80 per unit based upon the closing price of the Issuer's common stock on February 13, 2026. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.

The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 14, 2025.

Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 3,333 shares of restricted stock that were granted to the reporting person on February 14, 2024. No shares were sold by the reporting person to satisfy this tax liability.

Includes (i) shares acquired pursuant to the Issuer's Employee Stock Purchase Plan; such acquisitions are exempt under Rule 16b-3; (ii) 3,333 shares of restricted stock granted to the reporting person on February 14, 2024 that vest in equal annual installments on the second and third anniversaries of the date of grant; and (iii) 2,667 shares of restricted stock granted to the reporting person on February 16, 2023 that vest on the third anniversary of the date of grant.