Hallador Energy (HNRG) awards 9,973 RSUs to accounting chief

Rhea-AI Filing Summary

Van Deman Eric Matthew reported acquisition or exercise transactions in this Form 4 filing.

Hallador Energy reported that Chief Accounting Officer Eric Matthew Van Deman received a grant of 9,973 Restricted Stock Units (RSUs), each representing a contingent right to one share of common stock. The award is made under the 2nd Amended and Restated 2008 RSU Plan.

The RSUs vest in two tranches: 4,986 units on December 1, 2026 and 4,987 units on December 1, 2027, in each case subject to his continued service through the applicable vesting date. The units will also vest in full if he remains in service through a qualifying change in control, after which vested shares will be delivered pursuant to the plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Van Deman Eric Matthew

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	9,973	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 9,973 shares (Direct)

Footnotes (1)

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. The Units shall vest in the amount of 4,986 RSUs on December 1, 2026 and, 4,987 RSUs on December 1, 2027, 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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Van Deman Eric Matthew

(Last) (First) (Middle)

10375 PARK MEADOWS DRIVE

SUITE 500

(Street)

LONE TREE CO 80124

(City) (State) (Zip)

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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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

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 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)	03/10/2026		A		9,973		(2)	(2)	Common Stock	9,973	(1)	9,973	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 in the amount of 4,986 RSUs on December 1, 2026 and, 4,987 RSUs on December 1, 2027, 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/ Eric M. Van Deman	03/11/2026
	** 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.

FAQ

What insider transaction did HNRG report for Eric Matthew Van Deman?

Hallador Energy reported a grant of 9,973 Restricted Stock Units to Chief Accounting Officer Eric Matthew Van Deman. These RSUs are a form of equity compensation that convert into common shares upon vesting, aligning his interests with long-term company performance and shareholder value.

How many RSUs were granted to the Hallador Energy (HNRG) Chief Accounting Officer and at what price?

Eric Matthew Van Deman received 9,973 Restricted Stock Units at a stated price of $0.00 per unit. RSU grants typically carry no purchase cost to the executive and instead deliver common shares over time if vesting and service conditions are fully satisfied.

What is the vesting schedule for the 9,973 RSUs granted by Hallador Energy (HNRG)?

The RSUs vest in two equal-like installments: 4,986 units on December 1, 2026, and 4,987 units on December 1, 2027. Vesting on each date requires the participant’s continued service, making this a time-based incentive tied to ongoing employment with Hallador Energy.

How do the Hallador Energy (HNRG) RSUs for Eric Van Deman convert into common stock?

Each Restricted Stock Unit represents a contingent right to receive one share of Hallador Energy common stock. Once the RSUs vest, the underlying shares are delivered to the reporting person in accordance with the terms of the company’s 2nd Amended and Restated 2008 RSU Plan.

What happens to the Hallador Energy (HNRG) RSUs if there is a change in control?

The RSUs will vest in full if the participant remains in service through the date of a qualifying change in control. This means all 9,973 units would become fully vested at that time, subject to the specific provisions of the plan and related award agreement.

Is the RSU grant to Hallador Energy (HNRG) Chief Accounting Officer a market purchase or sale?

No, the RSU grant is not a market purchase or sale. It is a compensation-related award classified as a grant or other acquisition, with no open-market transaction involved. The units convert into shares later if the vesting and continued service conditions are met.