SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

Swiss National Bank's Holding History (CIK: 0001582202)

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

Q4 2025

Shares 92,072 Value ($000) $1,064 Avg Close $11.83 Range $9.67 - $13.90

Q3 2025

Shares 89,072 Value ($000) $1,195 Avg Close $13.74 Range $11.71 - $15.84

Q2 2025

Shares 89,072 Value ($000) $1,217 Avg Close $12.69 Range $10.07 - $14.46

Q1 2025

Shares 91,172 Value ($000) $1,146 Avg Close $11.76 Range $9.77 - $13.61

Q4 2024

Shares 91,172 Value ($000) $1,150 Avg Close $13.44 Range $12.01 - $16.28

Q3 2024

Shares 91,172 Value ($000) $1,286 Avg Close $16.52 Range $13.51 - $21.89

Q2 2024

Shares 91,172 Value ($000) $1,489 Avg Close $16.11 Range $11.87 - $19.32

Q1 2024

Shares 94,072 Value ($000) $1,634 Avg Close $19.38 Range $16.95 - $22.27

Q4 2023

Shares 94,072 Value ($000) $2,034 Avg Close $22.40 Range $20.02 - $25.51

Q3 2023

Shares 104,872 Value ($000) $2,161 Avg Close $20.48 Range $18.02 - $23.31

Q2 2023

Shares 103,872 Value ($000) $2,018 Avg Close $19.60 Range $18.20 - $21.00

Q1 2023

Shares 102,772 Value ($000) $1,955 Avg Close $18.68 Range $15.62 - $21.07

Q4 2022

Shares 114,772 Value ($000) $1,823 Avg Close $18.30 Range $15.63 - $22.79

Q3 2022

Shares 112,172 Value ($000) $1,909 Avg Close $21.33 Range $16.97 - $24.50

Q2 2022

Shares 112,172 Value ($000) $2,490 Avg Close $22.59 Range $17.06 - $25.93

Q1 2022

Shares 112,172 Value ($000) $2,645 Avg Close $22.57 Range $18.77 - $26.58

Q4 2021

Shares 104,572 Value ($000) $2,667 Avg Close $28.08 Range $24.44 - $32.71

Q3 2021

Shares 104,572 Value ($000) $3,302 Avg Close $38.05 Range $28.70 - $61.53

Q2 2021

Shares 104,572 Value ($000) $5,073 Avg Close $49.53 Range $46.00 - $51.82

Q1 2021

Shares 108,272 Value ($000) $5,285 Avg Close $45.77 Range $38.77 - $52.20

Q4 2020

Shares 107,272 Value ($000) $4,640 Avg Close $44.90 Range $42.31 - $48.01

Q3 2020

Shares 107,272 Value ($000) $4,767 Avg Close $50.97 Range $42.18 - $56.77

Q2 2020

Shares 105,572 Value ($000) $5,204 Avg Close $50.71 Range $44.04 - $59.93

Q1 2020

Shares 91,872 Value ($000) $4,525 Avg Close $44.42 Range $38.35 - $51.00

Q4 2019

Shares 90,672 Value ($000) $3,773 Avg Close $35.41 Range $29.61 - $41.73

Q3 2019

Shares 88,872 Value ($000) $2,823 Avg Close $35.06 Range $30.70 - $41.63

Q2 2019

Shares 87,672 Value ($000) $3,377 Avg Close $41.46 Range $36.40 - $45.27

Q1 2019

Shares 85,772 Value ($000) $3,805 Avg Close $46.93 Range $43.28 - $51.18

Q4 2018

Shares 83,272 Value ($000) $3,685 Avg Close $42.67 Range $34.74 - $51.41

Q3 2018

Shares 81,272 Value ($000) $3,149 Avg Close $35.63 Range $31.10 - $39.40

Q2 2018

Shares 81,272 Value ($000) $2,658 Avg Close $34.16 Range $29.93 - $39.65

Q1 2018

Shares 81,272 Value ($000) $2,926 Avg Close $33.27 Range $30.00 - $38.60

Q4 2017

Shares 78,572 Value ($000) $2,656 Avg Close $36.81 Range $32.55 - $41.80

Q3 2017

Shares 76,372 Value ($000) $2,841 Avg Close $33.93 Range $28.00 - $39.48

Q2 2017

Shares 76,372 Value ($000) $2,345 Avg Close $30.99 Range $27.28 - $33.05

Q1 2017

Shares 76,372 Value ($000) $2,142 Avg Close $27.65 Range $25.35 - $31.10

Q4 2016

Shares 76,372 Value ($000) $2,085 Avg Close $26.83 Range $22.05 - $30.20

Q3 2016

Shares 74,072 Value ($000) $2,015 Avg Close $32.10 Range $24.92 - $42.66

Q2 2016

Shares 76,172 Value ($000) $2,975 Avg Close $30.94 Range $25.69 - $39.11

Q1 2016

Shares 76,172 Value ($000) $1,967 Avg Close $22.98 Range $19.18 - $27.53

Q4 2015

Shares 30,486 Value ($000) $1,312 Avg Close $23.10 Range $19.63 - $25.67

Q3 2015

Shares 27,600 Value ($000) $1,182 Avg Close $18.93 Range $15.68 - $22.10

Q2 2015

Shares 23,700 Value ($000) $811 Avg Close $16.60 Range $15.04 - $18.79

Q1 2015

Shares 22,900 Value ($000) $714 Avg Close $15.28 Range $13.76 - $16.84

Q4 2014

Shares 22,900 Value ($000) $716 Avg Close $14.14 Range $11.84 - $16.00

Q3 2014

Shares 22,900 Value ($000) $568 Avg Close $14.04 Range $12.36 - $15.55

Q2 2014

Shares 22,900 Value ($000) $698 Avg Close $14.24 Range $12.61 - $16.38

Q1 2014

Shares 22,900 Value ($000) $739 Avg Close $13.41 Range $11.51 - $17.00

Q4 2013

Shares 17,100 Value ($000) $439 Avg Close $12.60 Range $11.10 - $14.57

Q3 2013

Shares 17,100 Value ($000) $412 Avg Close $9.63 Range $8.38 - $12.18

Q2 2013

Shares 18,500 Value ($000) $309 Avg Close $8.21 Range $6.92 - $8.96

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	92,072	$1,064	$11.83	$9.67 - $13.90
Q3 2025	89,072	$1,195	$13.74	$11.71 - $15.84
Q2 2025	89,072	$1,217	$12.69	$10.07 - $14.46
Q1 2025	91,172	$1,146	$11.76	$9.77 - $13.61
Q4 2024	91,172	$1,150	$13.44	$12.01 - $16.28
Q3 2024	91,172	$1,286	$16.52	$13.51 - $21.89
Q2 2024	91,172	$1,489	$16.11	$11.87 - $19.32
Q1 2024	94,072	$1,634	$19.38	$16.95 - $22.27
Q4 2023	94,072	$2,034	$22.40	$20.02 - $25.51
Q3 2023	104,872	$2,161	$20.48	$18.02 - $23.31
Q2 2023	103,872	$2,018	$19.60	$18.20 - $21.00
Q1 2023	102,772	$1,955	$18.68	$15.62 - $21.07
Q4 2022	114,772	$1,823	$18.30	$15.63 - $22.79
Q3 2022	112,172	$1,909	$21.33	$16.97 - $24.50
Q2 2022	112,172	$2,490	$22.59	$17.06 - $25.93
Q1 2022	112,172	$2,645	$22.57	$18.77 - $26.58
Q4 2021	104,572	$2,667	$28.08	$24.44 - $32.71
Q3 2021	104,572	$3,302	$38.05	$28.70 - $61.53
Q2 2021	104,572	$5,073	$49.53	$46.00 - $51.82
Q1 2021	108,272	$5,285	$45.77	$38.77 - $52.20
Q4 2020	107,272	$4,640	$44.90	$42.31 - $48.01
Q3 2020	107,272	$4,767	$50.97	$42.18 - $56.77
Q2 2020	105,572	$5,204	$50.71	$44.04 - $59.93
Q1 2020	91,872	$4,525	$44.42	$38.35 - $51.00
Q4 2019	90,672	$3,773	$35.41	$29.61 - $41.73
Q3 2019	88,872	$2,823	$35.06	$30.70 - $41.63
Q2 2019	87,672	$3,377	$41.46	$36.40 - $45.27
Q1 2019	85,772	$3,805	$46.93	$43.28 - $51.18
Q4 2018	83,272	$3,685	$42.67	$34.74 - $51.41
Q3 2018	81,272	$3,149	$35.63	$31.10 - $39.40
Q2 2018	81,272	$2,658	$34.16	$29.93 - $39.65
Q1 2018	81,272	$2,926	$33.27	$30.00 - $38.60
Q4 2017	78,572	$2,656	$36.81	$32.55 - $41.80
Q3 2017	76,372	$2,841	$33.93	$28.00 - $39.48
Q2 2017	76,372	$2,345	$30.99	$27.28 - $33.05
Q1 2017	76,372	$2,142	$27.65	$25.35 - $31.10
Q4 2016	76,372	$2,085	$26.83	$22.05 - $30.20
Q3 2016	74,072	$2,015	$32.10	$24.92 - $42.66
Q2 2016	76,172	$2,975	$30.94	$25.69 - $39.11
Q1 2016	76,172	$1,967	$22.98	$19.18 - $27.53
Q4 2015	30,486	$1,312	$23.10	$19.63 - $25.67
Q3 2015	27,600	$1,182	$18.93	$15.68 - $22.10
Q2 2015	23,700	$811	$16.60	$15.04 - $18.79
Q1 2015	22,900	$714	$15.28	$13.76 - $16.84
Q4 2014	22,900	$716	$14.14	$11.84 - $16.00
Q3 2014	22,900	$568	$14.04	$12.36 - $15.55
Q2 2014	22,900	$698	$14.24	$12.61 - $16.38
Q1 2014	22,900	$739	$13.41	$11.51 - $17.00
Q4 2013	17,100	$439	$12.60	$11.10 - $14.57
Q3 2013	17,100	$412	$9.63	$8.38 - $12.18
Q2 2013	18,500	$309	$8.21	$6.92 - $8.96