HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

State of Wyoming's Holding History (CIK: 0001821626)

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

Q4 2025

Shares 347 Value ($000) $7 Avg Close $20.26 Range $17.23 - $24.70

Q3 2025

Shares 7,154 Value ($000) $140 Avg Close $17.18 Range $14.87 - $22.01

Q2 2024

Shares 4,758 Value ($000) $37 Avg Close $6.27 Range $4.33 - $9.60

Q4 2023

Shares 12,840 Value ($000) $114 Avg Close $12.61 Range $8.73 - $15.79

Q3 2023

Shares 10,678 Value ($000) $154 Avg Close $10.56 Range $8.31 - $14.62

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	347	$7	$20.26	$17.23 - $24.70
Q3 2025	7,154	$140	$17.18	$14.87 - $22.01
Q2 2024	4,758	$37	$6.27	$4.33 - $9.60
Q4 2023	12,840	$114	$12.61	$8.73 - $15.79
Q3 2023	10,678	$154	$10.56	$8.31 - $14.62