SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

Watershed Asset Management, L.L.C.'s Holding History (CIK: 0001315926)

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

Q1 2022

Shares 13,222 Value ($000) $312 Avg Close $22.57 Range $18.77 - $26.58

Q4 2021

Shares 10,939 Value ($000) $279 Avg Close $28.08 Range $24.44 - $32.71

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2022	13,222	$312	$22.57	$18.77 - $26.58
Q4 2021	10,939	$279	$28.08	$24.44 - $32.71