HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

AlphaQuest LLC's Holding History (CIK: 0001883897)

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

Q4 2025

Shares 8,295 Value ($000) $158 Avg Close $20.26 Range $17.23 - $24.70

Q3 2025

Shares 7,981 Value ($000) $156 Avg Close $17.18 Range $14.87 - $22.01

Q2 2025

Shares 23,098 Value ($000) $366 Avg Close $15.45 Range $9.25 - $19.71

Q1 2025

Shares 65 Value ($000) $1 Avg Close $11.23 Range $8.37 - $13.68

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	8,295	$158	$20.26	$17.23 - $24.70
Q3 2025	7,981	$156	$17.18	$14.87 - $22.01
Q2 2025	23,098	$366	$15.45	$9.25 - $19.71
Q1 2025	65	$1	$11.23	$8.37 - $13.68