Joseph Wm. Foran, Chairman and CEO of Matador Resources Co (NYSE:MTDR), filed a Form 4 on August 14, 2026, reporting the open-market purchase of 15,000 shares of common stock across two transactions on August 12 and August 13, 2026.

Key Highlights

  • First purchase: 10,000 shares acquired on August 12, 2026 at a weighted average price of $52.16 per share, with individual transaction prices ranging from $51.88 to $52.45.
  • Second purchase: 5,000 shares acquired on August 13, 2026 at a weighted average price of $51.44 per share, with individual transaction prices ranging from $51.29 to $51.74.
  • Direct holdings after transactions: 30,617 shares held directly following the two purchases, according to the filing.
  • Transaction codes: Both transactions are coded "P" (open-market purchase) under Instruction 8.
  • Extensive indirect holdings: Foran also reported indirect beneficial ownership across multiple trusts and a family limited partnership totaling millions of additional shares, with beneficial ownership of many of those positions disclaimed except to the extent of his pecuniary interest.
  • Employee Stock Purchase Plan: The filing notes the direct share totals include shares acquired pursuant to the issuer's Employee Stock Purchase Plan, which the filing states are exempt under Rule 16b-3.

Foran's Open-Market Purchases and Broad Indirect Ownership Structure at Matador Resources

According to the filing, Joseph Wm. Foran, who serves as both Chairman and CEO of Matador Resources Co, purchased a combined 15,000 shares of common stock in two separate open-market transactions. On August 12, 2026, he acquired 10,000 shares at a weighted average price of $52.16, with prices in that batch ranging from $51.88 to $52.45 per share. The following day, August 13, 2026, he acquired an additional 5,000 shares at a weighted average price of $51.44, with prices ranging from $51.29 to $51.74 per share. Following these purchases, his directly held shares totaled 30,617, inclusive of shares held through the issuer's Employee Stock Purchase Plan.

Beyond the direct holdings, the filing discloses a substantial number of shares held indirectly through a variety of vehicles. These include the Foran 2012 Savings Trust (534,381 shares), the Foran 2012 Security Trust (499,032 shares), Sage Resources, Ltd., a family limited partnership (1,105,913 shares), and shares held collectively by the 2011 Non-GST Trusts (1,137,182 shares) and the 2020 Non-GST Trusts (1,347,912 shares). Additional shares are reported through a series of GRATs, including the JWF 2024-2 GRAT and NNF 2024-2 GRAT (35,123 shares each), the JWF 2025-1 GRAT and NNF 2025-1 GRAT (46,787 shares each), the JWF 2025-2 GRAT and NNF 2025-2 GRAT (92,009 shares each), and the JWF 2026-1 GRAT and NNF 2026-1 GRAT (238,200 shares each).

The filing states that Foran "disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein," and notes that the filing itself "shall not be deemed an admission" that he is the beneficial owner for Section 16 purposes. The form was signed by Derek E. Gabriel as attorney-in-fact for Foran on August 14, 2026.

What Was Disclosed

The filing reported two open-market purchases of Matador Resources common stock by Chairman and CEO Joseph Wm. Foran totaling 15,000 shares on August 12-13, 2026, along with extensive indirect beneficial ownership across multiple family trusts and a limited partnership.