SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

MORGAN STANLEY's Holding History (CIK: 0000895421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 372,671 Value ($000) $4,308 Avg Close $11.83 Range $9.67 - $13.90

Q3 2025

Shares 454,581 Value ($000) $6,100 Avg Close $13.74 Range $11.71 - $15.84

Q2 2025

Shares 419,776 Value ($000) $5,734 Avg Close $12.69 Range $10.07 - $14.46

Q1 2025

Shares 497,839 Value ($000) $6,258 Avg Close $11.76 Range $9.77 - $13.61

Q4 2024

Shares 386,710 Value ($000) $4,876 Avg Close $13.44 Range $12.01 - $16.28

Q3 2024

Shares 431,823 Value ($000) $6,093 Avg Close $16.52 Range $13.51 - $21.89

Q2 2024

Shares 432,510 Value ($000) $7,063 Avg Close $16.11 Range $11.87 - $19.32

Q1 2024

Shares 383,682 Value ($000) $6,665 Avg Close $19.38 Range $16.95 - $22.27

Q4 2023

Shares 424,409 Value ($000) $9,176 Avg Close $22.40 Range $20.02 - $25.51

Q3 2023

Shares 342,046 Value ($000) $7,050 Avg Close $20.48 Range $18.02 - $23.31

Q2 2023

Shares 311,248 Value ($000) $6,048 Avg Close $19.60 Range $18.20 - $21.00

Q1 2023

Shares 261,801 Value ($000) $4,979 Avg Close $18.68 Range $15.62 - $21.07

Q4 2022

Shares 259,233 Value ($000) $4,117 Avg Close $18.30 Range $15.63 - $22.79

Q3 2022

Shares 312,787 Value ($000) $5,323 Avg Close $21.33 Range $16.97 - $24.50

Q2 2022

Shares 390,357 Value ($000) $8,665 Avg Close $22.59 Range $17.06 - $25.93

Q1 2022

Shares 210,171 Value ($000) $4,956 Avg Close $22.57 Range $18.77 - $26.58

Q4 2021

Shares 228,721 Value ($000) $5,832 Avg Close $28.08 Range $24.44 - $32.71

Q3 2021

Shares 209,614 Value ($000) $6,620 Avg Close $38.05 Range $28.70 - $61.53

Q2 2021

Shares 302,296 Value ($000) $14,666 Avg Close $49.53 Range $46.00 - $51.82

Q1 2021

Shares 259,680 Value ($000) $12,675 Avg Close $45.77 Range $38.77 - $52.20

Q4 2020

Shares 369,116 Value ($000) $15,964 Avg Close $44.90 Range $42.31 - $48.01

Q3 2020

Shares 151,351 Value ($000) $6,725 Avg Close $50.97 Range $42.18 - $56.77

Q2 2020

Shares 127,975 Value ($000) $6,308 Avg Close $50.71 Range $44.04 - $59.93

Q1 2020

Shares 128,009 Value ($000) $6,305 Avg Close $44.42 Range $38.35 - $51.00

Q4 2019

Shares 230,076 Value ($000) $9,573 Avg Close $35.41 Range $29.61 - $41.73

Q3 2019

Shares 174,605 Value ($000) $5,548 Avg Close $35.06 Range $30.70 - $41.63

Q2 2019

Shares 11,410 Value ($000) $440 Avg Close $41.46 Range $36.40 - $45.27

Q1 2019

Shares 114,344 Value ($000) $5,072 Avg Close $46.93 Range $43.28 - $51.18

Q4 2018

Shares 233,078 Value ($000) $10,313 Avg Close $42.67 Range $34.74 - $51.41

Q3 2018

Shares 91,378 Value ($000) $3,541 Avg Close $35.63 Range $31.10 - $39.40

Q2 2018

Shares 105,422 Value ($000) $3,448 Avg Close $34.16 Range $29.93 - $39.65

Q1 2018

Shares 104,936 Value ($000) $3,778 Avg Close $33.27 Range $30.00 - $38.60

Q4 2017

Shares 100,197 Value ($000) $3,386 Avg Close $36.81 Range $32.55 - $41.80

Q3 2017

Shares 69,279 Value ($000) $2,577 Avg Close $33.93 Range $28.00 - $39.48

Q2 2017

Shares 48,027 Value ($000) $1,473 Avg Close $30.99 Range $27.28 - $33.05

Q1 2017

Shares 70,912 Value ($000) $1,989 Avg Close $27.65 Range $25.35 - $31.10

Q4 2016

Shares 176,844 Value ($000) $4,828 Avg Close $26.83 Range $22.05 - $30.20

Q3 2016

Shares 181,227 Value ($000) $4,931 Avg Close $32.10 Range $24.92 - $42.66

Q2 2016

Shares 190,239 Value ($000) $7,431 Avg Close $30.94 Range $25.69 - $39.11

Q1 2016

Shares 260,890 Value ($000) $6,978 Avg Close $22.98 Range $19.18 - $27.53

Q4 2015

Shares 173,988 Value ($000) $7,490 Avg Close $23.10 Range $19.63 - $25.67

Q3 2015

Shares 134,142 Value ($000) $5,742 Avg Close $18.93 Range $15.68 - $22.10

Q2 2015

Shares 21,741 Value ($000) $744 Avg Close $16.60 Range $15.04 - $18.79

Q1 2015

Shares 48,607 Value ($000) $1,514 Avg Close $15.28 Range $13.76 - $16.84

Q4 2014

Shares 36,377 Value ($000) $1,138 Avg Close $14.14 Range $11.84 - $16.00

Q3 2014

Shares 34,971 Value ($000) $868 Avg Close $14.04 Range $12.36 - $15.55

Q2 2014

Shares 26,288 Value ($000) $801 Avg Close $14.24 Range $12.61 - $16.38

Q1 2014

Shares 59,171 Value ($000) $1,910 Avg Close $13.41 Range $11.51 - $17.00

Q4 2013

Shares 30,638 Value ($000) $786 Avg Close $12.60 Range $11.10 - $14.57

Q3 2013

Shares 34,407 Value ($000) $830 Avg Close $9.63 Range $8.38 - $12.18

Q2 2013

Shares 81,253 Value ($000) $1,356 Avg Close $8.21 Range $6.92 - $8.96

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	372,671	$4,308	$11.83	$9.67 - $13.90
Q3 2025	454,581	$6,100	$13.74	$11.71 - $15.84
Q2 2025	419,776	$5,734	$12.69	$10.07 - $14.46
Q1 2025	497,839	$6,258	$11.76	$9.77 - $13.61
Q4 2024	386,710	$4,876	$13.44	$12.01 - $16.28
Q3 2024	431,823	$6,093	$16.52	$13.51 - $21.89
Q2 2024	432,510	$7,063	$16.11	$11.87 - $19.32
Q1 2024	383,682	$6,665	$19.38	$16.95 - $22.27
Q4 2023	424,409	$9,176	$22.40	$20.02 - $25.51
Q3 2023	342,046	$7,050	$20.48	$18.02 - $23.31
Q2 2023	311,248	$6,048	$19.60	$18.20 - $21.00
Q1 2023	261,801	$4,979	$18.68	$15.62 - $21.07
Q4 2022	259,233	$4,117	$18.30	$15.63 - $22.79
Q3 2022	312,787	$5,323	$21.33	$16.97 - $24.50
Q2 2022	390,357	$8,665	$22.59	$17.06 - $25.93
Q1 2022	210,171	$4,956	$22.57	$18.77 - $26.58
Q4 2021	228,721	$5,832	$28.08	$24.44 - $32.71
Q3 2021	209,614	$6,620	$38.05	$28.70 - $61.53
Q2 2021	302,296	$14,666	$49.53	$46.00 - $51.82
Q1 2021	259,680	$12,675	$45.77	$38.77 - $52.20
Q4 2020	369,116	$15,964	$44.90	$42.31 - $48.01
Q3 2020	151,351	$6,725	$50.97	$42.18 - $56.77
Q2 2020	127,975	$6,308	$50.71	$44.04 - $59.93
Q1 2020	128,009	$6,305	$44.42	$38.35 - $51.00
Q4 2019	230,076	$9,573	$35.41	$29.61 - $41.73
Q3 2019	174,605	$5,548	$35.06	$30.70 - $41.63
Q2 2019	11,410	$440	$41.46	$36.40 - $45.27
Q1 2019	114,344	$5,072	$46.93	$43.28 - $51.18
Q4 2018	233,078	$10,313	$42.67	$34.74 - $51.41
Q3 2018	91,378	$3,541	$35.63	$31.10 - $39.40
Q2 2018	105,422	$3,448	$34.16	$29.93 - $39.65
Q1 2018	104,936	$3,778	$33.27	$30.00 - $38.60
Q4 2017	100,197	$3,386	$36.81	$32.55 - $41.80
Q3 2017	69,279	$2,577	$33.93	$28.00 - $39.48
Q2 2017	48,027	$1,473	$30.99	$27.28 - $33.05
Q1 2017	70,912	$1,989	$27.65	$25.35 - $31.10
Q4 2016	176,844	$4,828	$26.83	$22.05 - $30.20
Q3 2016	181,227	$4,931	$32.10	$24.92 - $42.66
Q2 2016	190,239	$7,431	$30.94	$25.69 - $39.11
Q1 2016	260,890	$6,978	$22.98	$19.18 - $27.53
Q4 2015	173,988	$7,490	$23.10	$19.63 - $25.67
Q3 2015	134,142	$5,742	$18.93	$15.68 - $22.10
Q2 2015	21,741	$744	$16.60	$15.04 - $18.79
Q1 2015	48,607	$1,514	$15.28	$13.76 - $16.84
Q4 2014	36,377	$1,138	$14.14	$11.84 - $16.00
Q3 2014	34,971	$868	$14.04	$12.36 - $15.55
Q2 2014	26,288	$801	$14.24	$12.61 - $16.38
Q1 2014	59,171	$1,910	$13.41	$11.51 - $17.00
Q4 2013	30,638	$786	$12.60	$11.10 - $14.57
Q3 2013	34,407	$830	$9.63	$8.38 - $12.18
Q2 2013	81,253	$1,356	$8.21	$6.92 - $8.96