SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

Public Sector Pension Investment Board's Holding History (CIK: 0001396318)

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

Q4 2025

Shares 157,903 Value ($000) $1,825 Avg Close $11.83 Range $9.67 - $13.90

Q3 2025

Shares 177,721 Value ($000) $2,385 Avg Close $13.74 Range $11.71 - $15.84

Q2 2025

Shares 157,115 Value ($000) $2,146 Avg Close $12.69 Range $10.07 - $14.46

Q1 2025

Shares 145,480 Value ($000) $1,829 Avg Close $11.76 Range $9.77 - $13.61

Q4 2024

Shares 114,837 Value ($000) $1,448 Avg Close $13.44 Range $12.01 - $16.28

Q3 2024

Shares 97,279 Value ($000) $1,373 Avg Close $16.52 Range $13.51 - $21.89

Q2 2024

Shares 110,379 Value ($000) $1,802 Avg Close $16.11 Range $11.87 - $19.32

Q1 2024

Shares 104,307 Value ($000) $1,812 Avg Close $19.38 Range $16.95 - $22.27

Q4 2023

Shares 104,307 Value ($000) $2,255 Avg Close $22.40 Range $20.02 - $25.51

Q3 2023

Shares 62,125 Value ($000) $1,280 Avg Close $20.48 Range $18.02 - $23.31

Q2 2023

Shares 89,189 Value ($000) $1,733 Avg Close $19.60 Range $18.20 - $21.00

Q1 2023

Shares 88,110 Value ($000) $1,676 Avg Close $18.68 Range $15.62 - $21.07

Q4 2022

Shares 91,792 Value ($000) $1,458 Avg Close $18.30 Range $15.63 - $22.79

Q3 2022

Shares 91,792 Value ($000) $2 Avg Close $21.33 Range $16.97 - $24.50

Q2 2022

Shares 92,661 Value ($000) $2,057 Avg Close $22.59 Range $17.06 - $25.93

Q1 2022

Shares 93,260 Value ($000) $2,199 Avg Close $22.57 Range $18.77 - $26.58

Q4 2021

Shares 101,770 Value ($000) $2,595 Avg Close $28.08 Range $24.44 - $32.71

Q3 2021

Shares 104,761 Value ($000) $3,308 Avg Close $38.05 Range $28.70 - $61.53

Q2 2021

Shares 103,044 Value ($000) $4,999 Avg Close $49.53 Range $46.00 - $51.82

Q1 2021

Shares 104,856 Value ($000) $5,118 Avg Close $45.77 Range $38.77 - $52.20

Q4 2020

Shares 112,427 Value ($000) $4,862 Avg Close $44.90 Range $42.31 - $48.01

Q3 2020

Shares 115,867 Value ($000) $5,149 Avg Close $50.97 Range $42.18 - $56.77

Q2 2020

Shares 105,000 Value ($000) $5,175 Avg Close $50.71 Range $44.04 - $59.93

Q1 2020

Shares 105,000 Value ($000) $5,171 Avg Close $44.42 Range $38.35 - $51.00

Q4 2019

Shares 105,000 Value ($000) $4,369 Avg Close $35.41 Range $29.61 - $41.73

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	157,903	$1,825	$11.83	$9.67 - $13.90
Q3 2025	177,721	$2,385	$13.74	$11.71 - $15.84
Q2 2025	157,115	$2,146	$12.69	$10.07 - $14.46
Q1 2025	145,480	$1,829	$11.76	$9.77 - $13.61
Q4 2024	114,837	$1,448	$13.44	$12.01 - $16.28
Q3 2024	97,279	$1,373	$16.52	$13.51 - $21.89
Q2 2024	110,379	$1,802	$16.11	$11.87 - $19.32
Q1 2024	104,307	$1,812	$19.38	$16.95 - $22.27
Q4 2023	104,307	$2,255	$22.40	$20.02 - $25.51
Q3 2023	62,125	$1,280	$20.48	$18.02 - $23.31
Q2 2023	89,189	$1,733	$19.60	$18.20 - $21.00
Q1 2023	88,110	$1,676	$18.68	$15.62 - $21.07
Q4 2022	91,792	$1,458	$18.30	$15.63 - $22.79
Q3 2022	91,792	$2	$21.33	$16.97 - $24.50
Q2 2022	92,661	$2,057	$22.59	$17.06 - $25.93
Q1 2022	93,260	$2,199	$22.57	$18.77 - $26.58
Q4 2021	101,770	$2,595	$28.08	$24.44 - $32.71
Q3 2021	104,761	$3,308	$38.05	$28.70 - $61.53
Q2 2021	103,044	$4,999	$49.53	$46.00 - $51.82
Q1 2021	104,856	$5,118	$45.77	$38.77 - $52.20
Q4 2020	112,427	$4,862	$44.90	$42.31 - $48.01
Q3 2020	115,867	$5,149	$50.97	$42.18 - $56.77
Q2 2020	105,000	$5,175	$50.71	$44.04 - $59.93
Q1 2020	105,000	$5,171	$44.42	$38.35 - $51.00
Q4 2019	105,000	$4,369	$35.41	$29.61 - $41.73