Hallador CFO awarded 15,998 RSUs

Telesz Todd E reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Telesz Todd E reported acquisition or exercise transactions in this Form 4 filing.

Hallador Energy Chief Financial Officer Todd E. Telesz received a grant of 15,998 Restricted Stock Units, each representing one future share of common stock. The award appears to be compensation rather than a market purchase, with no cash paid per unit.

The RSUs vest in three equal annual installments on March 31, 2027, March 31, 2028, and March 31, 2029, contingent on his continued service or earlier vesting upon a qualifying Change in Control under the company’s 2nd Amended and Restated 2008 RSU Plan. Following this grant, he directly holds 40,905 shares-based units.

Insider Trade Summary

Grant/Award: 15,998 shares

Grant/Award 1 txn

Insider Telesz Todd E

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	15,998	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 40,905 contracts (Direct)

Footnotes (2)

1. 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.
2. F2. These RSUs vest ratably on March 31, 2027, March 31, 2028, and March 31, 2029, subject to the executive officer's continued service through each applicable vesting date. subject 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

RSU grant size: 15,998 RSUs Grant price: $0.00 per unit Holdings after grant: 40,905 shares-based units +2 more

5 metrics

RSU grant size 15,998 RSUs Restricted Stock Units awarded to CFO on April 15, 2026

Grant price $0.00 per unit Stated transaction price per Restricted Stock Unit

Holdings after grant 40,905 shares-based units Total direct equity-based holdings following reported transaction

First vesting date March 31, 2027 First of three equal annual vesting installments

Final vesting date March 31, 2029 Final installment of RSU vesting schedule

Key Terms

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

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.

2nd Amended and Restated 2008 RSU Plan financial

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

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.

FAQ

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

What did HALLADOR ENERGY (HNRG) CFO Todd Telesz receive in this Form 4 filing?

Hallador Energy CFO Todd Telesz received a grant of 15,998 Restricted Stock Units as equity compensation. Each RSU represents one future share of common stock, delivered under the company’s 2nd Amended and Restated 2008 RSU Plan after vesting conditions are satisfied.

How and when do Todd Telesz’s 15,998 HNRG RSUs vest?

The 15,998 Restricted Stock Units vest in three equal annual installments on March 31, 2027, March 31, 2028, and March 31, 2029. Vesting is subject to his continued service and may accelerate upon a qualifying Change in Control under the terms of the company’s plan.

Does the HNRG CFO pay anything for the 15,998 Restricted Stock Units?

No cash payment is required for these 15,998 RSUs, which are granted at a stated price of $0.00 per unit. They are part of compensation and convert into common stock when vesting conditions, including continued service, are met under the company’s RSU plan.

How many Hallador Energy shares-based units does Todd Telesz hold after this RSU grant?

After the grant, Todd Telesz holds 40,905 shares-based units directly, including the new 15,998 Restricted Stock Units. This figure reflects his position following the reported transaction, combining previously held equity and the latest award under the company’s RSU plan.

What is a Restricted Stock Unit in the context of HNRG’s Form 4?

A Restricted Stock Unit is a right to receive one share of Hallador Energy common stock in the future. Shares are delivered only after vesting conditions, like continued service or certain Change in Control events, are met according to the company’s 2nd Amended and Restated 2008 RSU Plan.

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

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Accepted by SEC EDGAR 04/16/2026 - 04:18 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Telesz Todd E

(Last) (First) (Middle)

1183 EAST CANVASBACK DRIVE

(Street)

TERRE HAUTE INDIANA 47802

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	04/15/2026		A		15,998		(1)(2)	(1)(2)	Common Stock	15,998	(1)	40,905	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. These RSUs vest ratably on March 31, 2027, March 31, 2028, and March 31, 2029, subject to the executive officer's continued service through each applicable vesting date. subject 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/ Todd E. Telesz	04/15/2026
	** 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 4 (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 4: SEC 1474 (03-26)