HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

Brevan Howard Capital Management LP's Holding History (CIK: 0001512857)

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

Q4 2025

Shares 12,414 Value ($000) $236 Avg Close $20.26 Range $17.23 - $24.70

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	12,414	$236	$20.26	$17.23 - $24.70