SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

GEODE CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001214717)

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

Q4 2025

Shares 1,206,253 Value ($000) $13,946 Avg Close $11.83 Range $9.67 - $13.90

Q3 2025

Shares 1,251,622 Value ($000) $16,799 Avg Close $13.74 Range $11.71 - $15.84

Q2 2025

Shares 1,248,255 Value ($000) $17,053 Avg Close $12.69 Range $10.07 - $14.46

Q1 2025

Shares 1,154,915 Value ($000) $14,521 Avg Close $11.76 Range $9.77 - $13.61

Q4 2024

Shares 1,122,557 Value ($000) $14,159 Avg Close $13.44 Range $12.01 - $16.28

Q3 2024

Shares 1,124,123 Value ($000) $15,865 Avg Close $16.52 Range $13.51 - $21.89

Q2 2024

Shares 1,164,681 Value ($000) $19,024 Avg Close $16.11 Range $11.87 - $19.32

Q1 2024

Shares 1,117,217 Value ($000) $19,409 Avg Close $19.38 Range $16.95 - $22.27

Q4 2023

Shares 1,092,307 Value ($000) $23,619 Avg Close $22.40 Range $20.02 - $25.51

Q3 2023

Shares 1,041,354 Value ($000) $21,465 Avg Close $20.48 Range $18.02 - $23.31

Q2 2023

Shares 989,857 Value ($000) $19,233 Avg Close $19.60 Range $18.20 - $21.00

Q1 2023

Shares 965,733 Value ($000) $18,368 Avg Close $18.68 Range $15.62 - $21.07

Q4 2022

Shares 929,352 Value ($000) $15 Avg Close $18.30 Range $15.63 - $22.79

Q3 2022

Shares 892,913 Value ($000) $15,197 Avg Close $21.33 Range $16.97 - $24.50

Q2 2022

Shares 887,466 Value ($000) $19,701 Avg Close $22.59 Range $17.06 - $25.93

Q1 2022

Shares 858,086 Value ($000) $20,233 Avg Close $22.57 Range $18.77 - $26.58

Q4 2021

Shares 845,569 Value ($000) $21,562 Avg Close $28.08 Range $24.44 - $32.71

Q3 2021

Shares 848,855 Value ($000) $26,806 Avg Close $38.05 Range $28.70 - $61.53

Q2 2021

Shares 882,383 Value ($000) $42,804 Avg Close $49.53 Range $46.00 - $51.82

Q1 2021

Shares 847,561 Value ($000) $41,369 Avg Close $45.77 Range $38.77 - $52.20

Q4 2020

Shares 802,723 Value ($000) $34,717 Avg Close $44.90 Range $42.31 - $48.01

Q3 2020

Shares 751,635 Value ($000) $33,398 Avg Close $50.97 Range $42.18 - $56.77

Q2 2020

Shares 742,764 Value ($000) $36,610 Avg Close $50.71 Range $44.04 - $59.93

Q1 2020

Shares 727,645 Value ($000) $35,836 Avg Close $44.42 Range $38.35 - $51.00

Q4 2019

Shares 700,413 Value ($000) $29,144 Avg Close $35.41 Range $29.61 - $41.73

Q3 2019

Shares 648,151 Value ($000) $20,591 Avg Close $35.06 Range $30.70 - $41.63

Q2 2019

Shares 626,202 Value ($000) $24,121 Avg Close $41.46 Range $36.40 - $45.27

Q1 2019

Shares 581,007 Value ($000) $25,773 Avg Close $46.93 Range $43.28 - $51.18

Q4 2018

Shares 530,558 Value ($000) $23,476 Avg Close $42.67 Range $34.74 - $51.41

Q3 2018

Shares 498,231 Value ($000) $19,306 Avg Close $35.63 Range $31.10 - $39.40

Q2 2018

Shares 479,519 Value ($000) $15,680 Avg Close $34.16 Range $29.93 - $39.65

Q1 2018

Shares 461,068 Value ($000) $16,598 Avg Close $33.27 Range $30.00 - $38.60

Q4 2017

Shares 412,327 Value ($000) $13,936 Avg Close $36.81 Range $32.55 - $41.80

Q3 2017

Shares 408,782 Value ($000) $15,206 Avg Close $33.93 Range $28.00 - $39.48

Q2 2017

Shares 400,282 Value ($000) $12,288 Avg Close $30.99 Range $27.28 - $33.05

Q1 2017

Shares 374,707 Value ($000) $10,510 Avg Close $27.65 Range $25.35 - $31.10

Q4 2016

Shares 353,462 Value ($000) $9,649 Avg Close $26.83 Range $22.05 - $30.20

Q3 2016

Shares 336,884 Value ($000) $9,166 Avg Close $32.10 Range $24.92 - $42.66

Q2 2016

Shares 389,212 Value ($000) $15,202 Avg Close $30.94 Range $25.69 - $39.11

Q1 2016

Shares 337,329 Value ($000) $9,023 Avg Close $22.98 Range $19.18 - $27.53

Q4 2015

Shares 160,879 Value ($000) $6,925 Avg Close $23.10 Range $19.63 - $25.67

Q3 2015

Shares 161,669 Value ($000) $6,921 Avg Close $18.93 Range $15.68 - $22.10

Q2 2015

Shares 152,061 Value ($000) $5,204 Avg Close $16.60 Range $15.04 - $18.79

Q1 2015

Shares 135,338 Value ($000) $4,217 Avg Close $15.28 Range $13.76 - $16.84

Q4 2014

Shares 124,983 Value ($000) $3,905 Avg Close $14.14 Range $11.84 - $16.00

Q3 2014

Shares 123,986 Value ($000) $3,076 Avg Close $14.04 Range $12.36 - $15.55

Q2 2014

Shares 122,053 Value ($000) $3,717 Avg Close $14.24 Range $12.61 - $16.38

Q1 2014

Shares 126,432 Value ($000) $4,082 Avg Close $13.41 Range $11.51 - $17.00

Q4 2013

Shares 119,909 Value ($000) $3,077 Avg Close $12.60 Range $11.10 - $14.57

Q3 2013

Shares 103,451 Value ($000) $2,494 Avg Close $9.63 Range $8.38 - $12.18

Q2 2013

Shares 97,512 Value ($000) $1,627 Avg Close $8.21 Range $6.92 - $8.96

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,206,253	$13,946	$11.83	$9.67 - $13.90
Q3 2025	1,251,622	$16,799	$13.74	$11.71 - $15.84
Q2 2025	1,248,255	$17,053	$12.69	$10.07 - $14.46
Q1 2025	1,154,915	$14,521	$11.76	$9.77 - $13.61
Q4 2024	1,122,557	$14,159	$13.44	$12.01 - $16.28
Q3 2024	1,124,123	$15,865	$16.52	$13.51 - $21.89
Q2 2024	1,164,681	$19,024	$16.11	$11.87 - $19.32
Q1 2024	1,117,217	$19,409	$19.38	$16.95 - $22.27
Q4 2023	1,092,307	$23,619	$22.40	$20.02 - $25.51
Q3 2023	1,041,354	$21,465	$20.48	$18.02 - $23.31
Q2 2023	989,857	$19,233	$19.60	$18.20 - $21.00
Q1 2023	965,733	$18,368	$18.68	$15.62 - $21.07
Q4 2022	929,352	$15	$18.30	$15.63 - $22.79
Q3 2022	892,913	$15,197	$21.33	$16.97 - $24.50
Q2 2022	887,466	$19,701	$22.59	$17.06 - $25.93
Q1 2022	858,086	$20,233	$22.57	$18.77 - $26.58
Q4 2021	845,569	$21,562	$28.08	$24.44 - $32.71
Q3 2021	848,855	$26,806	$38.05	$28.70 - $61.53
Q2 2021	882,383	$42,804	$49.53	$46.00 - $51.82
Q1 2021	847,561	$41,369	$45.77	$38.77 - $52.20
Q4 2020	802,723	$34,717	$44.90	$42.31 - $48.01
Q3 2020	751,635	$33,398	$50.97	$42.18 - $56.77
Q2 2020	742,764	$36,610	$50.71	$44.04 - $59.93
Q1 2020	727,645	$35,836	$44.42	$38.35 - $51.00
Q4 2019	700,413	$29,144	$35.41	$29.61 - $41.73
Q3 2019	648,151	$20,591	$35.06	$30.70 - $41.63
Q2 2019	626,202	$24,121	$41.46	$36.40 - $45.27
Q1 2019	581,007	$25,773	$46.93	$43.28 - $51.18
Q4 2018	530,558	$23,476	$42.67	$34.74 - $51.41
Q3 2018	498,231	$19,306	$35.63	$31.10 - $39.40
Q2 2018	479,519	$15,680	$34.16	$29.93 - $39.65
Q1 2018	461,068	$16,598	$33.27	$30.00 - $38.60
Q4 2017	412,327	$13,936	$36.81	$32.55 - $41.80
Q3 2017	408,782	$15,206	$33.93	$28.00 - $39.48
Q2 2017	400,282	$12,288	$30.99	$27.28 - $33.05
Q1 2017	374,707	$10,510	$27.65	$25.35 - $31.10
Q4 2016	353,462	$9,649	$26.83	$22.05 - $30.20
Q3 2016	336,884	$9,166	$32.10	$24.92 - $42.66
Q2 2016	389,212	$15,202	$30.94	$25.69 - $39.11
Q1 2016	337,329	$9,023	$22.98	$19.18 - $27.53
Q4 2015	160,879	$6,925	$23.10	$19.63 - $25.67
Q3 2015	161,669	$6,921	$18.93	$15.68 - $22.10
Q2 2015	152,061	$5,204	$16.60	$15.04 - $18.79
Q1 2015	135,338	$4,217	$15.28	$13.76 - $16.84
Q4 2014	124,983	$3,905	$14.14	$11.84 - $16.00
Q3 2014	123,986	$3,076	$14.04	$12.36 - $15.55
Q2 2014	122,053	$3,717	$14.24	$12.61 - $16.38
Q1 2014	126,432	$4,082	$13.41	$11.51 - $17.00
Q4 2013	119,909	$3,077	$12.60	$11.10 - $14.57
Q3 2013	103,451	$2,494	$9.63	$8.38 - $12.18
Q2 2013	97,512	$1,627	$8.21	$6.92 - $8.96