[144] Hallador Energy Company SEC Filing

Rhea-AI Filing Summary

Form 144 filed for Hallador Energy Company (HNRG) by an individual planning an open-market sale of 139,089 common shares, with an aggregate market value of $3,059,000.00 through National Financial Services LLC on 08/17/2025 via NASDAQ. The securities were acquired by inheritance on 12/31/1996 from Robert Hardie, father. The filer reported a prior sale of 30,380 shares on 05/19/2025 generating $578,684.32 in gross proceeds. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information and a signature block warning about false statements.

Positive

• Planned sale quantified: 139,089 shares with aggregate market value of $3,059,000.00 scheduled for 08/17/2025
• Execution via established broker: National Financial Services LLC listed as broker for the transaction
• Prior sale disclosed: 30,380 shares sold on 05/19/2025 for $578,684.32, showing recent partial disposition activity
• Clear chain of title: Shares were acquired by inheritance on 12/31/1996 from Robert Hardie

Negative

• None.

Insights

Securities Analyst

TL;DR: Owner of inherited HNRG shares plans a sizeable block sale on the open market; prior partial disposition occurred in May 2025.

The filing documents a proposed open-market sale of 139,089 common shares valued at $3.059 million to be executed through National Financial Services LLC on 08/17/2025. The shares were acquired by inheritance on 12/31/1996, which is relevant for Rule 144 holding-period considerations. The filer also reported a recent sale of 30,380 shares on 05/19/2025 for $578,684.32. From an investor-impact perspective, this is a disclosure of insider-originating supply into the market; however, the filing contains no information about company operations, material events, or changes to management.

Corporate Governance Expert

TL;DR: Routine Rule 144 notice documenting an intended sale by a person with inherited holdings; no governance red flags disclosed.

The Form 144 provides required details: class of security, broker, number of shares, market value, acquisition method, and recent sales activity. Acquisition by inheritance (12/31/1996) and the seller's representation that no undisclosed material adverse information exists are standard. There are no disclosures of transactions by company insiders beyond the reported sales, and no statements indicating regulatory or governance issues in this filing alone.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON STOCK	NATIONAL FINANCIAL SERVICES LLC, 200 SEAPORT BLVD WORLD TRADE CENTER BOSTON MA 02210	139089	3059000.00	42976180	08/17/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON	12/31/1996	INHERITANCE	ROBERT HARDIE, FATHER			139089	12/31/1996	INHERITANCE

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
DAVID HARDIE 5485 KIETZKE LANE RENO NV 89511	DAVID HARDIE	05/19/2025	30380	578684.32

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the HNRG Form 144 disclose about the planned sale?

The filing discloses a proposed sale of 139,089 common shares valued at $3,059,000.00 through National Financial Services LLC on 08/17/2025 via NASDAQ.

How and when were the shares being sold acquired according to the filing?

The shares were acquired by inheritance on 12/31/1996 from Robert Hardie, the filer lists the nature of acquisition as INHERITANCE.

Has the filer sold any HNRG shares recently?

Yes, the filer reported selling 30,380 shares on 05/19/2025 for gross proceeds of $578,684.32.

Which broker will handle the proposed sale in the Form 144?

The broker named in the filing is National Financial Services LLC at 200 Seaport Blvd, World Trade Center, Boston, MA 02210.

Does the filing state any undisclosed material information about Hallador Energy?

The filer represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.