STOCK TITAN

[Form 4] Hallador Energy Company Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Positive)
Form Type
4
Rhea-AI Filing Summary

Insider transaction summary: A reporting person associated with Hallador Energy Company executed both purchases and dispositions of the issuer's common stock. The filing shows an acquisition of 20,000 shares at $15.2702 per share and a disposition of 91,270 shares. After these reported transactions the reporting person is disclosed as beneficially owning 234,914 shares indirectly through the Charles R. Wesley IV Revocable Trust.

The filing identifies the reporting person as a director and indicates the indirect ownership arises from trust holdings, with the trustee may be deemed to have voting and dispositive power over those shares.

Riepilogo delle operazioni degli insider: Una persona soggetta a segnalazione collegata a Hallador Energy Company ha effettuato sia acquisti sia cessioni di azioni ordinarie dell’emittente. La comunicazione riporta un acquisto di 20.000 azioni a 15,2702 $ per azione e una cessione di 91.270 azioni. Dopo tali operazioni, la persona segnalante risulta titolare effettivo indirettamente di 234.914 azioni tramite la Charles R. Wesley IV Revocable Trust.

La segnalazione indica inoltre che la persona è un amministratore e che la proprietà indiretta deriva dalle partecipazioni del trust, il cui fiduciario può essere considerato avente potere di voto e di disposizione su tali azioni.

Resumen de transacciones de un insider: Una persona obligada a informar vinculada a Hallador Energy Company realizó tanto compras como ventas de acciones ordinarias del emisor. La presentación muestra una adquisición de 20.000 acciones a 15,2702 $ por acción y una disposición de 91.270 acciones. Tras estas operaciones, la persona informante figura como titular beneficiario indirecto de 234.914 acciones a través del Charles R. Wesley IV Revocable Trust.

La declaración identifica a la persona informante como director e indica que la propiedad indirecta proviene de las participaciones del trust, cuyo fiduciario puede considerarse que tiene poder de voto y de disposición sobre esas acciones.

임원(인사) 거래 요약: Hallador Energy Company와 관련된 보고 대상자가 발행회사의 보통주를 매수와 처분을 모두 실행했습니다. 제출서류에는 주당 15.2702달러에 20,000주를 취득하고 91,270주를 처분한 것으로 기재되어 있습니다. 이러한 보고된 거래 이후 해당 보고자는 Charles R. Wesley IV Revocable Trust를 통해 간접적으로 234,914주를 실질 소유하고 있는 것으로 공개되어 있습니다.

제출서류는 해당 보고자를 이사로 식별하며, 간접 소유는 신탁 보유에 기인하고 신탁의 수탁자가 해당 주식에 대한 의결권 및 처분권을 갖는 것으로 간주될 수 있음을 나타냅니다.

Résumé des opérations d'initié : Une personne soumise à déclaration liée à Hallador Energy Company a effectué à la fois des achats et des cessions d'actions ordinaires de l'émetteur. le dépôt indique une acquisition de 20 000 actions à 15,2702 $ par action et une cession de 91 270 actions. Après ces transactions déclarées, la personne déclarante est divulguée comme détenant indirectement 234 914 actions via le Charles R. Wesley IV Revocable Trust.

Le dépôt identifie la personne déclarante comme administrateur et précise que la détention indirecte résulte des avoirs du trust, dont le fiduciaire peut être réputé détenir le pouvoir de vote et de disposition sur ces actions.

Zusammenfassung der Insider-Transaktionen: Eine meldepflichtige Person, die mit der Hallador Energy Company verbunden ist, hat sowohl Käufe als auch Veräußerungen von Stammaktien des Emittenten durchgeführt. Die Meldung weist einen Erwerb von 20.000 Aktien zu je 15,2702 $ sowie eine Veräußerung von 91.270 Aktien aus. Nach diesen gemeldeten Transaktionen wird die meldepflichtige Person als wirtschaftliche Eigentümerin von 234.914 Aktien angegeben, und zwar indirekt über den Charles R. Wesley IV Revocable Trust.

Die Meldung nennt die meldepflichtige Person als Direktor und weist darauf hin, dass das indirekte Eigentum aus den Beständen des Trusts resultiert, dessen Treuhänder als Inhaber von Stimm- und Verfügungsrechten über diese Aktien angesehen werden kann.

Positive
  • Acquisition disclosed: Reporting person acquired 20,000 shares at $15.2702 per share
  • Clear indirect ownership: Post-transaction beneficial ownership reported as 234,914 shares held via a revocable trust
Negative
  • Large disposition disclosed: Reporting person disposed of 91,270 shares
  • No explanatory context: Filing does not state reasons for the purchase or sale, limiting interpretability

Insights

TL;DR: Insider both bought 20,000 shares and sold 91,270 shares; net holdings reported as 234,914 shares held indirectly.

The transaction mix is a factual disclosure showing concurrent acquisition and disposition activity by a director-level reporting person. The purchase price of $15.2702 and the reported post-transaction indirect beneficial ownership of 234,914 shares are the key quantitative takeaways. This filing does not provide context such as the reason for the sales or purchases, nor does it include option exercise details. For investors, the material facts are the sizes and price of the trades and the ownership level held via the trust.

TL;DR: Director-level reporting person transacted in company stock and reports indirect trust ownership; filing discloses voting/dispositive power by trustee.

The disclosure appropriately identifies the reporting person as a director and explains the indirect ownership arises through the Charles R. Wesley IV Revocable Trust, which may confer voting and dispositive power. The form notes both acquisition and disposition activity on the same report. The filing contains the trustee signature and the required explanation of the trust relationship; it does not include additional governance actions or other related-party arrangements.

Riepilogo delle operazioni degli insider: Una persona soggetta a segnalazione collegata a Hallador Energy Company ha effettuato sia acquisti sia cessioni di azioni ordinarie dell’emittente. La comunicazione riporta un acquisto di 20.000 azioni a 15,2702 $ per azione e una cessione di 91.270 azioni. Dopo tali operazioni, la persona segnalante risulta titolare effettivo indirettamente di 234.914 azioni tramite la Charles R. Wesley IV Revocable Trust.

La segnalazione indica inoltre che la persona è un amministratore e che la proprietà indiretta deriva dalle partecipazioni del trust, il cui fiduciario può essere considerato avente potere di voto e di disposizione su tali azioni.

Resumen de transacciones de un insider: Una persona obligada a informar vinculada a Hallador Energy Company realizó tanto compras como ventas de acciones ordinarias del emisor. La presentación muestra una adquisición de 20.000 acciones a 15,2702 $ por acción y una disposición de 91.270 acciones. Tras estas operaciones, la persona informante figura como titular beneficiario indirecto de 234.914 acciones a través del Charles R. Wesley IV Revocable Trust.

La declaración identifica a la persona informante como director e indica que la propiedad indirecta proviene de las participaciones del trust, cuyo fiduciario puede considerarse que tiene poder de voto y de disposición sobre esas acciones.

임원(인사) 거래 요약: Hallador Energy Company와 관련된 보고 대상자가 발행회사의 보통주를 매수와 처분을 모두 실행했습니다. 제출서류에는 주당 15.2702달러에 20,000주를 취득하고 91,270주를 처분한 것으로 기재되어 있습니다. 이러한 보고된 거래 이후 해당 보고자는 Charles R. Wesley IV Revocable Trust를 통해 간접적으로 234,914주를 실질 소유하고 있는 것으로 공개되어 있습니다.

제출서류는 해당 보고자를 이사로 식별하며, 간접 소유는 신탁 보유에 기인하고 신탁의 수탁자가 해당 주식에 대한 의결권 및 처분권을 갖는 것으로 간주될 수 있음을 나타냅니다.

Résumé des opérations d'initié : Une personne soumise à déclaration liée à Hallador Energy Company a effectué à la fois des achats et des cessions d'actions ordinaires de l'émetteur. le dépôt indique une acquisition de 20 000 actions à 15,2702 $ par action et une cession de 91 270 actions. Après ces transactions déclarées, la personne déclarante est divulguée comme détenant indirectement 234 914 actions via le Charles R. Wesley IV Revocable Trust.

Le dépôt identifie la personne déclarante comme administrateur et précise que la détention indirecte résulte des avoirs du trust, dont le fiduciaire peut être réputé détenir le pouvoir de vote et de disposition sur ces actions.

Zusammenfassung der Insider-Transaktionen: Eine meldepflichtige Person, die mit der Hallador Energy Company verbunden ist, hat sowohl Käufe als auch Veräußerungen von Stammaktien des Emittenten durchgeführt. Die Meldung weist einen Erwerb von 20.000 Aktien zu je 15,2702 $ sowie eine Veräußerung von 91.270 Aktien aus. Nach diesen gemeldeten Transaktionen wird die meldepflichtige Person als wirtschaftliche Eigentümerin von 234.914 Aktien angegeben, und zwar indirekt über den Charles R. Wesley IV Revocable Trust.

Die Meldung nennt die meldepflichtige Person als Direktor und weist darauf hin, dass das indirekte Eigentum aus den Beständen des Trusts resultiert, dessen Treuhänder als Inhaber von Stimm- und Verfügungsrechten über diese Aktien angesehen werden kann.

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*
Wesley Charles Ray IV

(Last) (First) (Middle)
1700 LINCOLN STREET, SUITE 3475

(Street)
DENVER CO 80203

(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025
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
Common Stock 08/19/2025 08/19/2025 P 20,000 A $15.2702 234,914 I By the Charles R. Wesley IV Revocable Trust(1)
Common Stock 91,270 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
Explanation of Responses:
1. Mr. Wesley, as trustee of the Charles R. Wesley IV Revocable Trust, may be deemed to have voting and dispositive power as to the shares held by the trust.
/s/ Charles R. Wesley, IV 08/19/2025
** 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 transactions did the Hallador Energy (HNRG) reporting person disclose?

The reporting person disclosed an acquisition of 20,000 common shares at $15.2702 and a disposition of 91,270 common shares.

How many Hallador Energy shares does the reporting person beneficially own after the transactions?

The filing reports 234,914 shares beneficially owned indirectly through the Charles R. Wesley IV Revocable Trust.

What is the reporting person's relationship to Hallador Energy (HNRG)?

The reporting person is identified as a director of Hallador Energy Company.

Is the reported ownership direct or indirect in the Form 4?

The ownership is reported as indirect, arising from shares held by the Charles R. Wesley IV Revocable Trust.

Does the filing explain voting or dispositive power over the shares?

Yes, the filing explains the trustee may be deemed to have voting and dispositive power over the trust-held shares.

Does the Form 4 include option, warrant, or derivative transactions?

No. The filing lists only non-derivative common stock acquisitions and dispositions; no derivative securities are reported.
Hallador Energy Company

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