HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

CORSAIR CAPITAL MANAGEMENT, L.P.'s Holding History (CIK: 0001276470)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 32,509 Value ($000) $619 Avg Close $20.26 Range $17.23 - $24.70

Q3 2025

Shares 45,000 Value ($000) $881 Avg Close $17.18 Range $14.87 - $22.01

Q2 2025

Shares 30,000 Value ($000) $475 Avg Close $15.45 Range $9.25 - $19.71

Q3 2022

Shares 10,462 Value ($000) $59 Avg Close $6.35 Range $4.95 - $7.95

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	32,509	$619	$20.26	$17.23 - $24.70
Q3 2025	45,000	$881	$17.18	$14.87 - $22.01
Q2 2025	30,000	$475	$15.45	$9.25 - $19.71
Q3 2022	10,462	$59	$6.35	$4.95 - $7.95