ERMAN BRYAN A (Co-President,CLO & Head of M&A) reported 1 transaction at MATADOR RESOURCES CO

Review the transaction codes below to understand the nature of each event.

ERMAN BRYAN A

Filed: 2/18/2026ACC: 0001628280-26-009322

InsiderERMAN BRYAN ACIK 2015754

→

IssuerMATADOR RESOURCES COCIK 1520006

Officer· Co-President,CLO & Head of M&A

Since Feb 2026

+22.95K

Net shares

Net buyer

$50.2K

Total sold

Open market trades

0B · 0S

Total transactions

35K acquired · 12.05K disposed

Non-Derivative Transactions1

Common Stock

Direct

F · Tax Withholding

−1.05K

Price / share

$47.80

Trade value

$50.19K

% of position

1.3%

2/16/2026

79.62K→78.57K

Total

Net shares

−1.05K

Net value

-$50.19K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/16/2026	F · Tax Withholding	−1.05K	$47.80	$50.19K	1.3%	79.62K	78.57K
Total			−1.05K		-$50.19K

Derivative Transactions3

Phantom Units

Direct

M · Option Exercise

Converts to

Common Stock

6K shares

−6K

Strike price

Held after

12K

Exercisable

—

2/14/2026

Phantom Units

Direct

M · Option Exercise

Converts to

Common Stock

5K shares

−5K

Strike price

Held after

Exercisable

—

2/14/2026

Phantom Units

Direct

A · Award

Converts to

Common Stock

35K shares

+35K

Strike price

Held after

35K

Exercisable

—

2/17/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Phantom Units Direct	Common Stock6K shares	2/14/2026	M · Option Exercise	−6K	—	12K
Phantom Units Direct	Common Stock5K shares	2/14/2026	M · Option Exercise	−5K	—	5K
Phantom Units Direct	Common Stock35K shares	2/17/2026	A · Award	+35K	—	35K

Non-Derivative Holdings (Post-Transaction)2

Common Stock

Indirect

Shares owned4.25K

Common Stock

Indirect

Shares owned2.40K

Total

6.65K indirect6.65K

Security Title	Shares Owned	Ownership Type
Common Stock	4.25K	Indirect
Common Stock	2.40K	Indirect
Total	6.65K	6.65K indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported