HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

Massar Capital Management, LP's Holding History (CIK: 0002037238)

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

Q4 2025

Shares 18,687 Value ($000) $356 Avg Close $20.26 Range $17.23 - $24.70

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	18,687	$356	$20.26	$17.23 - $24.70