Singleton Van H II 4

What Happened

• Van H. Singleton II, Co-President — Land, A&D, Planning at Matador Resources (MTDR) — partially settled vested phantom unit awards for cash and received a new phantom-unit award. On Feb 14 and Feb 16, 2026, Singleton settled a total of 16,666 phantom units (6,666 + 5,000 + 5,000) and, per the filing, received approximately $47.80 per unit (cash settlement ≈ $796,635). On Feb 17, 2026, he was granted 35,000 new phantom units. No shares of Matador common stock were issued or sold in these transactions.

Key Details

• Transaction dates and cash amount:
  • Feb 14, 2026: settled 6,666 and 5,000 phantom units (two partial vestings) at $47.80/unit.
  • Feb 16, 2026: settled 5,000 phantom units at $47.80/unit.
  • Total settled: 16,666 units → ≈ $796,635 cash (based on $47.80 closing price on Feb 13, 2026).
  • Feb 17, 2026: grant of 35,000 phantom units (no cash paid; reported as an award).
• Shares issued/sold: No common shares were issued to or sold by the reporting person in connection with these settlements (cash-only settlements of phantom units).
• Vesting notes: The settlements relate to previously granted phantom-unit awards that vest in equal annual installments over three years (grant dates referenced in the filing include Feb 16, 2023; Feb 14, 2024; Feb 14, 2025).
• Shares owned after transaction: Not disclosed in this Form 4.
• Filing date: Form filed Feb 18, 2026 (transactions occurred Feb 14–17, 2026). The filing shows the reported transactions and related footnotes; verify timeliness against SEC reporting rules if relevant.

Context

• These were derivative (phantom unit) transactions — not exercises that produced company common stock. Phantom units are cash-settled awards that mirror share value; here the reporting person took cash for vested phantom units rather than receiving or selling actual shares.
• Grants and routine vesting/cash settlements are common components of executive compensation and do not necessarily indicate a change in insider sentiment.