SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

Cerity Partners LLC's Holding History (CIK: 0001566475)

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

Q4 2025

Shares 643,172 Value ($000) $7,435 Avg Close $11.83 Range $9.67 - $13.90

Q3 2025

Shares 629,899 Value ($000) $8,453 Avg Close $13.74 Range $11.71 - $15.84

Q2 2025

Shares 631,154 Value ($000) $8,622 Avg Close $12.69 Range $10.07 - $14.46

Q1 2025

Shares 631,097 Value ($000) $7,933 Avg Close $11.76 Range $9.77 - $13.61

Q4 2024

Shares 630,921 Value ($000) $7,958 Avg Close $13.44 Range $12.01 - $16.28

Q3 2024

Shares 631,729 Value ($000) $8,914 Avg Close $16.52 Range $13.51 - $21.89

Q2 2024

Shares 631,405 Value ($000) $10,311 Avg Close $16.11 Range $11.87 - $19.32

Q1 2024

Shares 631,963 Value ($000) $10,978 Avg Close $19.38 Range $16.95 - $22.27

Q4 2023

Shares 630,207 Value ($000) $13,625 Avg Close $22.40 Range $20.02 - $25.51

Q3 2023

Shares 698,411 Value ($000) $14,394 Avg Close $20.48 Range $18.02 - $23.31

Q2 2023

Shares 1,397,339 Value ($000) $27,150 Avg Close $19.60 Range $18.20 - $21.00

Q1 2023

Shares 1,397,313 Value ($000) $26,130 Avg Close $18.68 Range $15.62 - $21.07

Q4 2022

Shares 1,397,070 Value ($000) $22,186 Avg Close $18.30 Range $15.63 - $22.79

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	643,172	$7,435	$11.83	$9.67 - $13.90
Q3 2025	629,899	$8,453	$13.74	$11.71 - $15.84
Q2 2025	631,154	$8,622	$12.69	$10.07 - $14.46
Q1 2025	631,097	$7,933	$11.76	$9.77 - $13.61
Q4 2024	630,921	$7,958	$13.44	$12.01 - $16.28
Q3 2024	631,729	$8,914	$16.52	$13.51 - $21.89
Q2 2024	631,405	$10,311	$16.11	$11.87 - $19.32
Q1 2024	631,963	$10,978	$19.38	$16.95 - $22.27
Q4 2023	630,207	$13,625	$22.40	$20.02 - $25.51
Q3 2023	698,411	$14,394	$20.48	$18.02 - $23.31
Q2 2023	1,397,339	$27,150	$19.60	$18.20 - $21.00
Q1 2023	1,397,313	$26,130	$18.68	$15.62 - $21.07
Q4 2022	1,397,070	$22,186	$18.30	$15.63 - $22.79