Director Shelley F. Appel filed a Form 4 with the SEC on November 9, 2026, reporting three open-market purchases of Matador Resources Co common stock made on November 6 and November 9, 2026.

Key Highlights

  • Three purchases reported: Appel acquired 275 shares at $50.25 on November 6, 2026, and 475 shares at $49.90 and 600 shares at $50.00 on November 9, 2026.
  • Transaction codes: All three transactions carry code "P" (open-market purchase), according to the filing.
  • Roth 401(k) and trust holdings: The 275-share and 475-share purchases are held through the JNF-1 Trust; the 600-share purchase is held in the reporting person's Roth 401(k) account.
  • Direct ownership: The filing reports 70,501 shares held directly, including 3,642 RSUs granted June 11, 2026, vesting on June 11, 2027, or immediately prior to the 2027 annual meeting of shareholders.
  • Indirect holdings: Additional indirect interests total over 1.6 million shares across Sage Resources Ltd., the SIF 2020 Non-GST Trust, the SIF 2011 Non-GST Trust, a Roth IRA, and shares held by the reporting person's spouse, though the filing includes a disclaimer of beneficial ownership except to the extent of Appel's pecuniary interest.
  • Issuer and exchange: Matador Resources Co is listed as NYSE:MTDR.

Appel's November 2026 Purchases and Beneficial Ownership at Matador Resources

According to the Form 4 filing, Shelley F. Appel, identified as a director of Matador Resources Co (NYSE:MTDR), reported a total of 1,350 shares acquired across three separate purchase transactions. The first transaction, dated November 6, 2026, involved 275 shares purchased at $50.25 per share, held indirectly through the JNF-1 Trust, for which Appel serves as trustee. Two additional purchases occurred on November 9, 2026: 475 shares at $49.90 per share, also held through the JNF-1 Trust, and 600 shares at $50.00 per share, held in the reporting person's Roth 401(k) account.

The filing also details the reporting person's existing beneficial ownership. The direct position of 70,501 shares includes 3,642 RSUs granted on June 11, 2026, which the filing states will vest and result in an equal number of shares being deliverable on June 11, 2027, "or if sooner, immediately prior to the election of nominees for director at the 2027 annual meeting of shareholders of the Issuer." Indirect holdings include 1,105,913 shares held by Sage Resources, Ltd., described as "a limited partnership owned by the reporting person's family, including the reporting person"; 336,978 shares held by the SIF 2020 Non-GST Trust; 227,416 shares held by the SIF 2011 Non-GST Trust; 5,084 shares in a Roth IRA; and 58 shares held by the reporting person's spouse.

The filing includes a standard disclaimer noting that "neither the filing of this statement nor anything herein shall be deemed an admission" that Appel is the beneficial owner of shares held through Sage Resources, Ltd., the two Non-GST Trusts, the Roth IRA, or the spouse's account, "except to the extent of her pecuniary interest therein." The Form 4 was signed by Derek E. Gabriel as attorney-in-fact for Shelley F. Appel.

What Was Disclosed

Director Shelley F. Appel disclosed three open-market purchases of Matador Resources common stock totaling 1,350 shares on November 6 and November 9, 2026, along with a detailed breakdown of her direct and indirect beneficial ownership positions across multiple accounts and entities.