Joseph Wm. Foran, Chairman and CEO of Matador Resources Co, filed a Form 4 with the SEC on August 28, 2026, disclosing a purchase of 555 shares of common stock on August 26, 2026, along with beneficial ownership positions held across multiple trusts and entities.

Key Highlights

  • Purchase transaction: Foran acquired 555 shares of Matador Resources common stock on August 26, 2026, at a weighted average price of $54.49 per share.
  • Price range: The shares were purchased in multiple transactions at prices ranging from $54.45 to $54.50 per share, inclusive.
  • Direct holdings following transaction: Foran directly holds 4,772 shares of common stock, which includes shares acquired pursuant to the issuer's Employee Stock Purchase Plan.
  • Extensive indirect holdings: Foran is reported as having indirect beneficial ownership across more than a dozen trusts and entities, including Sage Resources, Ltd. and multiple GRAT structures, totaling millions of shares.
  • Beneficial ownership disclaimer: According to the filing, Foran disclaims beneficial ownership of indirectly held shares "except to the extent of his pecuniary interest therein."
  • New GRATs formed: The filing reflects contributions of shares to the JWF 2026-2 GRAT and the NNF 2026-2 GRAT by Foran and his spouse.

Foran's Open-Market Purchase and Complex Trust Structure at Matador Resources

According to the Form 4 filed on August 28, 2026, Joseph Wm. Foran, who serves as both Chairman and CEO of Matador Resources Co (NYSE:MTDR), purchased 555 shares of the company's common stock on August 26, 2026. The filing states the transaction code was "P," indicating an open-market purchase. The weighted average price paid was $54.49 per share, with individual transactions executed at prices between $54.45 and $54.50 per share. The filing notes that full information on the number of shares purchased at each separate price is available upon request.

Following the reported transaction, Foran directly holds 4,772 shares, a figure the filing states includes shares acquired through the issuer's Employee Stock Purchase Plan, which the filing describes as exempt under Rule 16b-3. The direct share count also reflects contributions of shares by Foran and his spouse to the newly established JWF 2026-2 GRAT and NNF 2026-2 GRAT.

The filing also discloses indirect beneficial ownership across a broad set of vehicles, including the Foran 2012 Savings Trust, the Foran 2012 Security Trust, Sage Resources Ltd. (described as "a limited partnership owned by the reporting person's family, including the reporting person"), five 2011 Non-GST Trusts, four 2020 Non-GST Trusts, and multiple GRAT structures from 2025 and 2026. Individual indirect holdings range from 46,787 shares to 1,347,912 shares. For all indirectly held positions, the filing states that Foran disclaims beneficial ownership except to the extent of his pecuniary interest therein.

What Was Disclosed

The filing reported a direct purchase of 555 shares of Matador Resources common stock by Chairman and CEO Joseph Wm. Foran on August 26, 2026, at a weighted average price of $54.49, along with updated beneficial ownership figures across numerous trusts and family entities.