Hallador Energy (HNRG) CFO exercises 8,219 RSUs with 2,610 shares for taxes

Rhea-AI Filing Summary

Hallador Energy Chief Financial Officer Todd E. Telesz exercised restricted stock units and had shares withheld for taxes. On this date, he converted 8,219 Restricted Stock Units into 8,219 shares of Common Stock. Of these, 2,610 shares were disposed of to cover tax obligations, a non-market tax-withholding disposition.

Following the transactions, Telesz directly held 5,609 shares of Common Stock and 32,686 Restricted Stock Units, which each represent a contingent right to receive one share of Hallador Energy Common Stock under the company’s RSU plan. These transactions reflect routine equity compensation activity rather than open-market buying or selling.

Insider Trade Summary

8,219 shares exercised/converted

Mixed 3 txns

Insider Telesz Todd E

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	8,219	$0.00	--
Exercise	Common Stock	8,219	$17.73	$146K
Tax Withholding	Common Stock	2,610	$17.73	$46K

Holdings After Transaction: Restricted Stock Unit — 32,686 shares (Direct, null); Common Stock — 8,219 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs exercised: 8,219 shares Tax-withheld shares: 2,610 shares Price per share: $17.73 per share +2 more

5 metrics

RSUs exercised 8,219 shares Restricted Stock Units converted to Common Stock on 2026-06-23

Tax-withheld shares 2,610 shares Shares delivered to satisfy tax liability at $17.73 per share

Price per share $17.73 per share Value used for both RSU exercise and tax-withholding disposition

Shares held after 5,609 shares Common Stock directly owned by CFO after transactions

RSUs remaining 32,686 units Restricted Stock Units held after RSU exercise

Key Terms

Restricted Stock Unit, tax-withholding disposition, derivative exercise/conversion, 2nd Amended and Restated 2008 RSU Plan

4 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.

tax-withholding disposition financial

"transaction_action: tax-withholding disposition for 2,610 shares of Common Stock."

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative exercise/conversion financial

"transaction_action: derivative exercise/conversion of 8,219 Restricted Stock Units into Common Stock."

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."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/25/2026 - 05:01 PM Accepted by SEC EDGAR 06/25/2026 - 05:00 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)
06/23/2026

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
Common Stock	06/23/2026		M		8,219	A	$17.73	8,219	D
Common Stock	06/23/2026		F		2,610	D	$17.73	5,609	D

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)	(1)	06/23/2026		M			8,219(1)	(1)	(1)	Common Stock	8,219(1)	(1)	32,686(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.

	/s/ Todd E. Telesz	06/25/2026
	** 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)

FAQ

What insider transactions did HALLADOR ENERGY CO (HNRG) report for Todd E. Telesz?

HALLADOR ENERGY CO reported that CFO Todd E. Telesz exercised 8,219 Restricted Stock Units into Common Stock and had 2,610 shares withheld to cover tax liabilities. These are compensation-related events, not open-market purchases or sales of HNRG shares.

How many HALLADOR ENERGY (HNRG) shares does the CFO hold after this Form 4?

After these transactions, CFO Todd E. Telesz directly holds 5,609 shares of Hallador Energy Common Stock. He also holds 32,686 Restricted Stock Units, each representing a contingent right to receive one share under the company’s 2nd Amended and Restated 2008 RSU Plan.

Was the HNRG CFO’s Form 4 transaction an open-market sale or purchase?

The Form 4 shows no open-market sale or purchase. It records a derivative exercise of 8,219 Restricted Stock Units into Common Stock and a tax-withholding disposition of 2,610 shares, used to satisfy tax obligations rather than to trade in the open market.

What does the tax-withholding disposition mean in the HNRG CFO Form 4?

The tax-withholding disposition reflects 2,610 Hallador Energy shares delivered to cover taxes due when restricted stock units vested and were exercised. This is a standard mechanism where shares are withheld instead of the insider paying cash to meet tax liabilities.

What are the Restricted Stock Units held by the HNRG CFO after the transaction?

After the transaction, Todd E. Telesz holds 32,686 Restricted Stock Units. Each unit represents a contingent right to receive one share of Hallador Energy Common Stock, with vested shares delivered under the company’s 2nd Amended and Restated 2008 RSU Plan terms.