Joseph Wm. Foran, Chairman and CEO of Matador Resources Co, filed a Form 4 on August 19, 2026, disclosing the open-market purchase of 400 shares of common stock on August 17, 2026.

Key Highlights

  • Purchase transaction: Foran acquired 400 shares of Matador Resources common stock on August 17, 2026, with transaction code "P."
  • Price paid: The weighted average purchase price was $53.64 per share, with individual transactions ranging from $53.63 to $53.65 per share.
  • Direct ownership following transaction: Foran directly holds 31,017 shares of common stock after the reported transaction, including shares acquired under the issuer's Employee Stock Purchase Plan.
  • Extensive indirect holdings: Foran reports indirect beneficial ownership across more than a dozen trusts and one family limited partnership, with share counts ranging from 35,123 to 1,347,912 per entity.
  • Beneficial ownership disclaimer: According to the filing, Foran disclaims beneficial ownership of the indirectly held shares "except to the extent of his pecuniary interest therein."
  • ESPP exemption noted: The filing states that shares acquired under the Employee Stock Purchase Plan are exempt under Rule 16b-3.

Foran's Purchase and Indirect Holdings at Matador Resources

According to the Form 4 filed with the SEC on August 19, 2026, Joseph Wm. Foran, who serves as both Chairman and CEO of Matador Resources Co (NYSE:MTDR), purchased 400 shares of the company's common stock on August 17, 2026. The filing reports a weighted average price of $53.64 per share, with individual transactions executed at prices between $53.63 and $53.65 per share, inclusive. The filing notes that full information on shares purchased at each separate price is available upon request from the SEC, the issuer, or any security holder.

Following the transaction, Foran directly holds 31,017 shares, a figure the filing states includes shares acquired under the issuer's Employee Stock Purchase Plan, which the filing describes as exempt under Rule 16b-3. In addition to direct holdings, the filing discloses indirect beneficial ownership across a broad set of trusts and one family limited partnership. These include the Foran 2012 Savings Trust (534,381 shares), the Foran 2012 Security Trust (499,032 shares), Sage Resources, Ltd. (1,105,913 shares), the 2011 Non-GST Trusts collectively (1,137,182 shares), and the 2020 Non-GST Trusts collectively (1,347,912 shares). Additionally, several grantor retained annuity trusts (GRATs) are listed, each holding between 35,123 and 238,200 shares, for many of which Foran is reported as trustee with sole voting and investment power.

The filing states that Foran disclaims beneficial ownership of the indirectly held shares "except to the extent of his pecuniary interest therein," and further notes 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 form was signed by Derek E. Gabriel as attorney-in-fact for Foran.

What Was Disclosed

The filing discloses a purchase of 400 shares of Matador Resources common stock by Chairman and CEO Joseph Wm. Foran at a weighted average price of $53.64 on August 17, 2026, along with extensive indirect holdings through multiple family trusts and a limited partnership.