Director Wesley adds Hallador Energy (HNRG) shares through revocable trust

Rhea-AI Filing Summary

Hallador Energy director Wesley Charles Ray IV, through the Charles R. Wesley IV Revocable Trust, bought 20,000 shares of Hallador Energy common stock in an open‑market transaction on August 19, 2025 at an average price of $15.2702 per share. After this purchase, the trust held 234,914 shares, and he also held 91,270 shares directly.

Insider Trade Summary

Net Buyer: 20,000 shares ($305,404)

Net Buy 2 txns

Insider Wesley Charles Ray IV

Role Director

Bought 20,000 shs ($305K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	20,000	$15.2702	$305K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 234,914 shares (Indirect, By the Charles R. Wesley IV Revocable Trust); Common Stock — 91,270 shares (Direct)

Footnotes (1)

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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^*

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 insider transaction did Hallador Energy (HNRG) report for Wesley Charles Ray IV?

Hallador Energy reported that director Wesley Charles Ray IV, via his revocable trust, purchased 20,000 shares of common stock in an open‑market transaction on August 19, 2025 at an average price of $15.2702 per share.

How many Hallador Energy (HNRG) shares did the Wesley IV Revocable Trust hold after the transaction?

Following the August 19, 2025 open‑market purchase of 20,000 shares, the Charles R. Wesley IV Revocable Trust held a total of 234,914 Hallador Energy common shares, over which Mr. Wesley, as trustee, may be deemed to have voting and dispositive power.

Did Wesley Charles Ray IV buy or sell Hallador Energy (HNRG) stock in this Form 4?

The Form 4 shows a net purchase. The Charles R. Wesley IV Revocable Trust bought 20,000 Hallador Energy common shares in an open‑market transaction; no sales were reported, and the filing reflects a net-buy position for this date.

What price did the Wesley IV Revocable Trust pay for Hallador Energy (HNRG) shares?

The trust’s August 19, 2025 open‑market purchase of Hallador Energy common stock was executed at an average price of $15.2702 per share. This per‑share figure comes directly from the reported transaction price in the insider filing data.

How many Hallador Energy (HNRG) shares does Wesley Charles Ray IV own directly and indirectly?

After the reported transaction, the Charles R. Wesley IV Revocable Trust held 234,914 Hallador Energy shares indirectly for Mr. Wesley, and he also held 91,270 shares directly, according to the ownership balances disclosed in the Form 4 filing.

How is the Hallador Energy (HNRG) insider transaction structured with respect to ownership?

The 20,000‑share purchase was reported as indirect ownership, held by the Charles R. Wesley IV Revocable Trust. A footnote states Mr. Wesley, as trustee, may be deemed to have voting and dispositive power over the trust’s Hallador Energy shares.