HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

APIS CAPITAL ADVISORS, LLC's Holding History (CIK: 0001386892)

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

Q4 2025

Shares 914,000 Value ($000) $17,403 Avg Close $20.26 Range $17.23 - $24.70

Q3 2025

Shares 854,000 Value ($000) $16,713 Avg Close $17.18 Range $14.87 - $22.01

Q2 2025

Shares 826,000 Value ($000) $13,076 Avg Close $15.45 Range $9.25 - $19.71

Q1 2025

Shares 1,079,935 Value ($000) $13,262 Avg Close $11.23 Range $8.37 - $13.68

Q4 2024

Shares 898,000 Value ($000) $10,282 Avg Close $11.17 Range $8.13 - $14.00

Q3 2024

Shares 434,000 Value ($000) $4,093 Avg Close $7.11 Range $4.86 - $9.96

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	914,000	$17,403	$20.26	$17.23 - $24.70
Q3 2025	854,000	$16,713	$17.18	$14.87 - $22.01
Q2 2025	826,000	$13,076	$15.45	$9.25 - $19.71
Q1 2025	1,079,935	$13,262	$11.23	$8.37 - $13.68
Q4 2024	898,000	$10,282	$11.17	$8.13 - $14.00
Q3 2024	434,000	$4,093	$7.11	$4.86 - $9.96