HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

FOX RUN MANAGEMENT, L.L.C.'s Holding History (CIK: 0001533457)

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

Q4 2025

Shares 19,799 Value ($000) $377 Avg Close $20.26 Range $17.23 - $24.70

Q1 2025

Shares 15,707 Value ($000) $193 Avg Close $11.23 Range $8.37 - $13.68

Q2 2024

Shares 20,689 Value ($000) $161 Avg Close $6.27 Range $4.33 - $9.60

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	19,799	$377	$20.26	$17.23 - $24.70
Q1 2025	15,707	$193	$11.23	$8.37 - $13.68
Q2 2024	20,689	$161	$6.27	$4.33 - $9.60