HARDIE DAVID C

Director Hardie sold 100,000 shares (82.6% of holdings) at $19.76, reducing stake to 21,072 shares

David C. Hardie executed 2 separate sales on 2025-10-01, totaling 100,000 shares for $1,975,960.00 at a blended average price of $19.76, reducing his holdings by 82.6% to 21,072 shares. This is a material liquidation by a director at a company with deteriorating fundamentals: annual revenue growth of -36.3%, full-year net income was negative, and the company is trading near its 52-week range ($8.60–$21.22). While the current price of $19.28 is near the transaction price, the director has sold at valuations elevated from the trough and prior weak fundamentals, coinciding with a sharp 30-day (+18.0%) and 90-day (+19.0%) price bounce. His cross-ticker track record shows a 100.00% well-timed sell rate (14 prior sells with average 90-day returns of -14.1%), but his recent trading pattern at HNRG itself shows 5 consecutive sells over a 4-day window (2025-09-26 through 2025-09-30), outcomes not yet measurable. The scale of this single-day reduction warrants attention to whether the director is signaling diminished confidence or responding to operational headwinds at a company in financial distress.

Director Hardie sold 173.8K shares (79.0% of holdings) for $3.4M at avg $19.58 on 2025-09-29 & 2025-09-30

David C Hardie, Director, executed 4 separate sales totaling 173,783 shares for $3,402,567.90, reducing his holdings from 219,855 shares to 46,072 shares—a 79.0% reduction in his position. The sales occurred at $19.65 and $19.53 per share on September 29–30, 2025, during a period when the stock was trading within 6.0% of its 52-week high ($21.22). The company's fundamentals show significant stress: annual revenue declined 36.3%, the company was unprofitable over its most recent full fiscal year with negative full-year net income, and Q4 net income of $8.2M on $102.9M quarterly revenue masks the broader operational deterioration. Hardie's cross-ticker track record demonstrates a 100.00% well-timed sell rate (12 prior sales with -14.5% average 30-day return and -14.1% average 90-day return), suggesting his historical pattern of selling before declines, though prior trades at HNRG are too recent to measure outcomes.

Director David C. Hardie sold 112,850 shares (55.8% of holdings) for $2.2M across 4 transactions at HNRG.

David C. Hardie, a Director of Hallador Energy, executed 4 separate sales totaling 112,850 shares for $2,186,856.33 at an average price of $19.38, reducing his holdings from 202,368 to 89,518 shares. The company faces significant headwinds: annual revenue declined 36.3% year-over-year, it was unprofitable on a full-year basis despite recent quarterly profitability of $8.2M, and the stock is currently trading 8.8% below its 52-week high. The substantial reduction in a director's stake—over half his position liquidated in two days—warrants attention against this backdrop of revenue contraction and historical unprofitability, particularly as the sector context and company fundamentals remain weak.

Director Hardie sells 85,429 shares for $1.6M at avg $19.24; post-sale stake shrinks 42.1% to 117.7K shares

David C. Hardie, a director at Hallador Energy, executed 4 separate sales totaling 85,429 shares for $1,643,409.45 on September 22–23, 2025, at an average price of $19.24. His remaining stake dropped sharply from 203.2K to 117.7K shares—a reduction of 42.1%. This occurs while the stock trades near its 52-week high of $21.22, and the 30-day and 90-day returns are both strongly positive (+16.4% and +24.6% respectively). Hardie's prior sales at this ticker (May 2025) demonstrated well-timed exit patterns, with negative returns at the 90-day horizon. The company faces headwinds: revenue declined 36.3% year-over-year, it was unprofitable on a full-year basis despite recent quarterly earnings, and market cap stands at $813.3M. The scale and timing of this divestiture—liquidating over two-fifths of a substantial director holding near a 52-week peak—warrant close attention to whether market conditions or business fundamentals triggered the transaction.

Director David C. Hardie sells 97,837 shares of HNRG at $19.05; stock at 52-week high amid 58.2% 90-day gain, company -36.3% revenue decline YoY.

Director David C. Hardie sold 97,837 shares across 2 separate transactions totaling $1,863,618.75 at $19.05 per share on 2025-05-19. The sale reduced his holdings by 41.3%, from 236,926 shares to 139,089 shares, executed when the stock trades at its 52-week high of $19.40 following a 58.2% 90-day gain and 42.4% 30-day surge. This significant disposition occurs against deteriorating company fundamentals: annual revenue contracted 36.3% year-over-year to $117.8M, the company posted negative full-year net income, and market cap stands at $833.7M. The timing and scale of this director-level divestiture alongside severe revenue declines and full-year unprofitability warrant investor attention to whether this represents a reassessment of enterprise prospects.