Foran Joseph Wm 4
4 · Matador Resources Co · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Matador (MTDR) CEO Joseph Foran Buys 468 Shares
What Happened
Joseph Wm Foran, Matador Resources (MTDR) Chairman and CEO, made an open-market purchase of 468 shares on February 27, 2026. The reported weighted-average price was $49.78 per share, for a total reported cost of $23,297. The filing reports the purchase as an acquisition (code P) and notes the shares were bought in multiple trades at prices ranging from $49.76 to $49.80.
Key Details
- Transaction date: 2026-02-27 (filed timely on 2026-03-03).
- Price: weighted average $49.78; per-share range $49.76–$49.80 (see footnote F1).
- Shares purchased: 468; reported total value: $23,297.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes: F1 explains the weighted-average price and that the trade was multiple transactions; F10–F17 and others indicate Foran is trustee of several GRATs that hold shares and over which he has sole voting and investment power. Footnote F4 contains a limited disclaimer of beneficial ownership for certain trust-held shares.
- No 10b5-1 trading plan or late filing was disclosed; the Form 4 appears timely.
Context
This was a small open-market purchase by the CEO — purchases are generally seen as a more informative signal than routine sales, but this one is modest in size relative to typical insider holdings. The filing shows Foran also has trustee relationships with multiple trusts that hold company shares; those trust holdings are separate from this specific open-market purchase.
Insider Transaction Report
Form 4
Foran Joseph Wm
DirectorChairman and CEO
Transactions
- Purchase
Common Stock
[F1][F2][F3]2026-02-27$49.78/sh+468$23,297→ 2,322 total
Holdings
- 534,381(indirect: See footnote)
Common Stock
[F4][F5] - 499,032(indirect: See footnote)
Common Stock
[F4][F6] - 1,105,913(indirect: See footnote)
Common Stock
[F4][F7] - 1,137,182(indirect: See footnote)
Common Stock
[F4][F8] - 1,347,912(indirect: See footnote)
Common Stock
[F4][F9] - 35,123(indirect: See footnote)
Common Stock
[F4][F10] - 35,123(indirect: See footnote)
Common Stock
[F4][F11] - 46,787(indirect: See footnote)
Common Stock
[F4][F12] - 46,787(indirect: See footnote)
Common Stock
[F4][F13] - 92,009(indirect: See footnote)
Common Stock
[F4][F14] - 92,009(indirect: See footnote)
Common Stock
[F4][F15] - 238,200(indirect: See footnote)
Common Stock
[F4][F16] - 238,200(indirect: See footnote)
Common Stock
[F4][F17]
Footnotes (17)
- [F1]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.
- [F10]Represents shares held of record by the JWF 2024-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
- [F11]Represents shares held of record by the NNF 2024-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
- [F12]Represents shares held of record by the JWF 2025-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
- [F13]Represents shares held of record by the NNF 2025-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
- [F14]Represents shares held of record by the JWF 2025-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
- [F15]Represents shares held of record by the NNF 2025-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
- [F16]Represents shares held of record by the JWF 2026-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Includes 109,221 shares transferred to the trust following their distribution from JWF 2024-1 GRAT to its settlor and 128,979 shares transferred to the trust following their distribution from the JWF 2025-1 GRAT to its settlor, each being annuity payments required by the terms of the respective trusts.
- [F17]Represents shares held of record by the NNF 2026-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Includes 109,221 shares transferred to the trust following their distribution from NNF 2024-1 GRAT to its settlor and 128,979 shares transferred to the trust following their distribution from the NNF 2025-1 GRAT to its settlor, each being annuity payments required by the terms of the respective trusts.
- [F2]Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16-b3.
- [F3]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.
- [F4]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.
- [F5]Represents shares held of record by the Foran 2012 Savings Trust for which the reporting person's spouse is a trustee. Includes shares held by the trust following a contribution of shares by the reporting person to the trust, pursuant to the terms thereof.
- [F6]Represents shares held of record by the Foran 2012 Security Trust for which the reporting person is the trustee. Includes shares held by the trust following a contribution of shares by the reporting person's spouse to the trust, pursuant to the terms thereof.
- [F7]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.
- [F8]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.
- [F9]Represents shares held of record collectively by 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"). 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.
Signature
/s/ Joseph Wm. Foran, by Cale L. Curtin as attorney-in-fact|2026-03-03