Marjorie A. Hargrave - 31 Mar 2025 Form 4 Insider Report for HALLADOR ENERGY CO (HNRG)

Role: Chief Financial Officer
Signature: /s/ Marjorie Hargrave
Issuer symbol: HNRG
Transactions as of: 31 Mar 2025
Net transactions value: +$371,679
Form type: 4
Filing time: 02 Apr 2025, 18:03:22 UTC
Previous filing: 09 Dec 2024
Next filing: 08 Dec 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HNRG	Common Stock	Options Exercise	$371,679	+30,267		$12.28	30,267	31 Mar 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HNRG	Restricted Stock Unit	Options Exercise		-6,916	-33%		13,831	31 Mar 2025	Common Stock			Direct	F2
transaction	HNRG	Restricted Stock Unit	Options Exercise		-23,351	-33%		46,702	31 Mar 2025	Common Stock			Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit represents a contingent right to receive one share of Hallador Energy Common Stock. Vested shares will be delivered to the reporting person pursuant to the terms of the Amended and Restated 2008 RSU Plan.
F2	Each Restricted Stock Unit awarded on April 10, 2024, represents a contingent right to receive one share of Hallador Energy Common Stock. Vested shares will be delivered to the reporting person pursuant to the terms of the Amended and Restated 2008 RSU Plan.
F3	Each Restricted Stock Unit awarded on September 6, 2024, represents a contingent right to receive one share of Hallador Energy Common Stock. Vested shares will be delivered to the reporting person pursuant to the terms of the Amended and Restated 2008 RSU Plan.