Appel Shelley F 4

What Happened
Shelley F. Appel, a director of Matador Resources Co. (MTDR), received an award of 3,642 restricted stock units (RSUs) on June 11, 2026. The RSUs were reported as acquired at $0.00 (i.e., a grant/compensation award), with an equal number of common shares deliverable upon vesting. No cash purchase or sale occurred.

Key Details

• Transaction date: June 11, 2026; Form 4 filed June 15, 2026 (filed within the two-business-day window, so timely).
• Transaction type/code: Award/Grant (A) — 3,642 RSUs reported at $0.00.
• Vesting: RSUs will vest and shares will be deliverable on June 11, 2027, or sooner if immediately prior to the election of director nominees at the 2027 annual meeting (per footnote F1).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes: F2 disclaims beneficial ownership except to extent of pecuniary interest; F3–F7 disclose related holdings through family entities, trusts, a trustee role, and spouse.
• No 10b5-1 plan, tax-withholding sale, or exercise/cashless sale was reported.

Context
RSU grants are common director compensation and represent a future right to receive company shares if vesting conditions are met; they are not an immediate cash outlay or open-market purchase. Such awards are typically routine and do not, by themselves, indicate the director bought or sold stock for investment reasons.