Hallador Energy CLO reports initial holdings

HALLADOR ENERGY CO executive Matthew Bradford White, the Chief Legal Officer, reported his initial ownership in a Form 3.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

HALLADOR ENERGY CO executive Matthew Bradford White, the Chief Legal Officer, reported his initial ownership in a Form 3. He holds 3,359 shares of common stock directly and 10,745 Restricted Stock Units, each representing a contingent right to one share of common stock.

The RSUs are scheduled to vest in three tranches: 3,582 units on March 31, 2027, 3,582 units on March 31, 2028, and 3,581 units on March 31, 2029, subject to his continued service. The RSUs may also vest in full if a Change in Control occurs under the company’s 2nd Amended and Restated 2008 RSU Plan.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider White Matthew Bradford

Role Chief Legal Officer

Type	Security	Shares	Price	Value
holding	Restricted Stock Units	--	--	--
holding	COMMON STOCK	--	--	--

Holdings After Transaction: Restricted Stock Units — 10,745 contracts (Direct); COMMON STOCK — 3,359 shares (Direct)

Footnotes (2)

F1. Each Restricted Stock Unit represents a contingent right to receive one share of Hallador Energy Common Stock. Vested shares will be delivered to the reporting person pursuant to the terms of the 2nd Amended and Restated 2008 RSU Plan.
F2. The Units shall vest 3,582 Units on March 31, 2027 and March 31, 2028; and 3,581 Units on March 31, 2029, in each case subject to Participant's continued Service through the applicable vesting date, and shall vest in full subject to Participant's continued Service through to the date of a Change in Control, and otherwise in accordance with the terms of the Plan and this Agreement.

Key Figures

Common stock held: 3,359 shares Restricted Stock Units: 10,745 units RSU vesting 2027: 3,582 units +3 more

6 metrics

Common stock held 3,359 shares Direct ownership reported on Form 3

Restricted Stock Units 10,745 units Each unit equals one share of common stock

RSU vesting 2027 3,582 units Scheduled to vest on March 31, 2027

RSU vesting 2028 3,582 units Scheduled to vest on March 31, 2028

RSU vesting 2029 3,581 units Scheduled to vest on March 31, 2029

RSU exercise price $0.00 per unit Conversion or exercise price for RSUs

Key Terms

Restricted Stock Unit, Change in Control, 2nd Amended and Restated 2008 RSU Plan

3 terms

Restricted Stock Unit financial

"Each Restricted Stock Unit represents a contingent right to receive one share of Hallador Energy Common Stock."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Change in Control financial

"shall vest in full subject to Participant's continued Service through to the date of a Change in Control"

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

2nd Amended and Restated 2008 RSU Plan financial

"delivered to the reporting person pursuant to the terms of the 2nd Amended and Restated 2008 RSU Plan."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Matthew Bradford White report owning in HNRG on this Form 3?

He reports 3,359 shares of common stock and 10,745 Restricted Stock Units. Each RSU represents a contingent right to receive one share of Hallador Energy common stock, subject to vesting and the terms of the company’s 2nd Amended and Restated 2008 RSU Plan.

How do the Restricted Stock Units for HNRG’s Chief Legal Officer vest?

The 10,745 RSUs vest in three annual tranches starting in 2027. 3,582 units vest on March 31, 2027, another 3,582 on March 31, 2028, and 3,581 on March 31, 2029, assuming the executive remains in service through each vesting date.

What is the relationship between each RSU and Hallador Energy common stock?

Each Restricted Stock Unit represents a contingent right to receive one share of Hallador Energy common stock. Delivery of vested shares occurs under the terms of the company’s 2nd Amended and Restated 2008 RSU Plan and the applicable award agreement.

Is there a change in control provision tied to the HNRG RSUs?

Yes. The RSUs will vest in full if a Change in Control occurs, subject to the executive’s continued service through that date. This is in addition to the scheduled vesting dates specified in the award and the company’s 2nd Amended and Restated 2008 RSU Plan.

Does this HNRG Form 3 show any insider buying or selling activity?

No. The Form 3 reports existing holdings rather than new transactions. It lists 3,359 shares of common stock and 10,745 RSUs held by the Chief Legal Officer, providing a baseline of his equity position as of the reporting date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/17/2026 - 05:31 PM EDT

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

White Matthew Bradford

(Last)

(First)

(Middle)

10375 PARK MEADOWS DRIVE

SUITE 500

(Street)

LONE TREE

COLORADO

80124

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
06/08/2026

3. Issuer Name and Ticker or Trading Symbol
HALLADOR ENERGY CO [ HNRG ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Legal Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
COMMON STOCK	3,359	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Stock Units⁽¹⁾	⁽²⁾	⁽²⁾	Common Stock	10,745	⁽¹⁾	D

Explanation of Responses:

1. Each Restricted Stock Unit represents a contingent right to receive one share of Hallador Energy Common Stock. Vested shares will be delivered to the reporting person pursuant to the terms of the 2nd Amended and Restated 2008 RSU Plan.

2. The Units shall vest 3,582 Units on March 31, 2027 and March 31, 2028; and 3,581 Units on March 31, 2029, in each case subject to Participant's continued Service through the applicable vesting date, and shall vest in full subject to Participant's continued Service through to the date of a Change in Control, and otherwise in accordance with the terms of the Plan and this Agreement.

	/s/ MATTHEW B. WHITE	06/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR