Sec Form 4 Filing - Foran Joseph Wm @ Matador Resources Co - 2024-01-16

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Foran Joseph Wm
2. Issuer Name and Ticker or Trading Symbol
Matador Resources Co [ MTDR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman and CEO
(Last) (First) (Middle)
5400 LBJ FREEWAY, SUITE 1500
3. Date of Earliest Transaction (MM/DD/YY)
01/16/2024
(Street)
DALLAS, TX75240
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/16/2024 G 45,712 ( 1 ) D $ 0 0 ( 2 ) I See footnote ( 3 )
Common Stock 01/16/2024 G 45,712 ( 4 ) D $ 0 0 ( 2 ) I See footnote ( 5 )
Common Stock 01/16/2024 G V 45,712 ( 1 ) A $ 0 1,302,200 ( 2 ) I See footnote ( 6 )
Common Stock 01/16/2024 G V 45,712 ( 4 ) A $ 0 1,347,912 ( 2 ) I See footnote ( 6 )
Common Stock 55,906 ( 7 ) ( 8 ) D
Common Stock 0 ( 2 ) I See footnote ( 9 ) ( 10 )
Common Stock 471,276 ( 2 ) I See footnote ( 11 )
Common Stock 435,417 ( 2 ) I See footnote ( 12 )
Common Stock 1,105,913 ( 2 ) I See footnote ( 13 )
Common Stock 1,137,182 ( 2 ) I See footnote ( 14 )
Common Stock 43,995 ( 2 ) I See footnote ( 15 )
Common Stock 43,995 ( 2 ) I See footnote ( 16 )
Common Stock 70,528 ( 2 ) I See footnote ( 17 )
Common Stock 70,528 ( 2 ) I See footnote ( 18 )
Common Stock 83,137 ( 2 ) I See footnote ( 19 )
Common Stock 83,137 ( 2 ) I See footnote ( 20 )
Common Stock 198,400 ( 2 ) I See footnote ( 21 )
Common Stock 198,400 ( 2 ) I See footnote ( 22 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Foran Joseph Wm
5400 LBJ FREEWAY
SUITE 1500
DALLAS, TX75240
X Chairman and CEO
Signatures
/s/ Joseph Wm. Foran, by Cale L. Curtin as attorney-in-fact 01/18/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents a terminating distribution of a total of 45,712 shares from the JWF 2022-1 GRAT, pursuant to the terms of the trust, pro rata to each of the LRF 2020 Non-GST Trust, WJF 2020 Non-GST Trust, SIF 2020 Non-GST Trust and MCF 2020 Non-GST Trust (collectively, the "2020 Non-GST Trusts").
( 2 )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.
( 3 )Represents shares held of record by the JWF 2022-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
( 4 )Represents a terminating distribution of a total of 45,712 shares from the NNF 2022-1 GRAT, pursuant to the terms of the trust, pro rata to each of the 2020 Non-GST Trusts.
( 5 )Represents shares held of record by the NNF 2022-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
( 6 )Represents shares held of record collectively by the 2020 Non-GST Trusts. The reporting person and his spouse, as settlors of each of the 2020 Non-GST Trusts, retain the power of substitution with respect to the property of the 2020 Non-GST Trusts.
( 7 )Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16-b3.
( 8 )Amount of shares reported includes shares held of record by the reporting person following a terminating distribution from the JWF 2022-1 GRAT to its settlor and the contribution of shares by the reporting person to the JWF 2024-1 GRAT, pursuant to the terms of such trusts, as described below.
( 9 )Represents shares held of record by the reporting person's spouse.
( 10 )Amount of shares reported includes shares held of record by the reporting person's spouse following a terminating distribution from the NNF 2022-1 GRAT to its settlor and the contribution of shares by the reporting person's spouse to the NNF 2024-1 GRAT, pursuant to the terms of such trusts, as described below.
( 11 )Represents shares held of record by the Foran 2012 Savings Trust for which the reporting person's spouse is a trustee.
( 12 )Represents shares held of record by the Foran 2012 Security Trust for which the reporting person is the trustee.
( 13 )Represents shares held of record by Sage Resources, Ltd., which is a limited partnership owned by the reporting person's family, including the reporting person.
( 14 )Represents shares held of record collectively by the LRF 2011 Non-GST Trust, WJF 2011 Non-GST Trust, JNF 2011 Non-GST Trust, SIF 2011 Non-GST Trust and MCF 2011 Non-GST Trust (collectively, the "2011 Non-GST Trusts"). The reporting person and his spouse, as settlors of each of the 2011 Non-GST Trusts, retain the power of substitution with respect to the property of the 2011 Non-GST Trusts.
( 15 )Represents shares held of record by the JWF 2022-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
( 16 )Represents shares held of record by the NNF 2022-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
( 17 )Represents shares held of record by the JWF 2023-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
( 18 )Represents shares held of record by the NNF 2023-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
( 19 )Represents shares held of record by the JWF 2023-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
( 20 )Represents shares held of record by the NNF 2023-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
( 21 )Represents shares held of record by the JWF 2024-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Includes 79,298 shares transferred to the trust following their distribution from the JWF 2022-1 GRAT to its settlor and 92,522 shares transferred to the trust following their distribution from the JWF 2023-1 GRAT to its settlor, each being annuity payments required by the terms of the respective trusts. Also includes 26,580 shares transferred to the JWF 2024-1 GRAT by its settlor.
( 22 )Represents shares held of record by the NNF 2024-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Includes 79,298 shares transferred to the trust following their distribution from the NNF 2022-1 GRAT to its settlor and 92,522 shares transferred to the trust following their distribution from the NNF 2023-1 GRAT to its settlor, each being annuity payments required by the terms of the respective trusts. Also includes 26,580 shares transferred to the NNF 2024-1 GRAT by its settlor.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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